Profile image
By Hispanic Pundit (Reporter)
Contributor profile | More stories
Story Views

Last Hour:
Last 24 Hours:

Links for 2016-10-28 []

Saturday, October 29, 2016 0:25
% of readers think this story is Fact. Add your two cents.
  • On Some Misunderstandings of the ‘Balance of Trade’ – Cafe Hayek
    Whenever Trump and others complain about the U.S. trade deficit they are necessarily complaining about foreigners investing in the U.S. or in dollar-denominated assets.  The fact that Trump and other such complainers do not understand that they are complaining about foreigners investing in the U.S. or in dollar-denominated assets does not change the economic reality.  Every cent of the U.S. trade deficit – or, more accurately, every cent of the U.S. current-account deficit – is offset by a cent in the U.S. capital-account surplus.
  • Bring the Right Wing Into the Mainstream Media – Bloomberg View
    Let me suggest a better strategy. Liberal journalists who want to drain the “fever swamps” should not be pointing the finger at Republican politicians. If they want to get people out of the swamp, they’ll have to make room in the castle.
  • Michael Strain’s new book *The US Labor Market* – Marginal REVOLUTION
    It is an edited collection, I have an essay on inequality in the volume.  Here is the Amazon link.  Here is the book’s home page, which includes a full, free pdf.  There are many famous contributors, including Jason Furman and Betsey Stevenson, Martin Feldstein, Justin Wolfers, Glenn Hubbard, George Borjas, Melissa Kearney, Casey Mulligan, and others.  Here is Strain’s introduction and an organization of the book in sections.  Self-recommending!
  • The Cruelty of the Minimum Wage – Cafe Hayek
    Great videos on the principles behind the minimum wage.
  • How much monopsony power is there? – Marginal REVOLUTION
    …if big firms are bargaining down wages then why do labor economists consistently find a large firm wage premium? To take one example from many, one recent study on retailers found that after controlling for individual and store characteristics, firms with at least 1,000 employees pay 9% to 11% more than those employing 10 or fewer. Third, if firms’ bargaining power over their employees is growing, then why are they increasingly contracting out for work? Lawrence Katz and Alan Krueger argue that from 2005 to 2015, the share of workers hired out through contract companies grew from 0.6% to 3.1%. A company with labor market power wouldn’t want to contract out work to another company. They’d want to hire workers directly to take advantage of that power.
  • My Second Thoughts About Universal Basic Income – Bloomberg View
    Second thoughts on basic income.


We encourage you to Share our Reports, Analyses, Breaking News and Videos. Simply Click your Favorite Social Media Button and Share.

Report abuse


Your Comments
Question   Razz  Sad   Evil  Exclaim  Smile  Redface  Biggrin  Surprised  Eek   Confused   Cool  LOL   Mad   Twisted  Rolleyes   Wink  Idea  Arrow  Neutral  Cry   Mr. Green

Top Stories
Recent Stories



Top Global

Top Alternative




Email this story
Email this story

If you really want to ban this commenter, please write down the reason:

If you really want to disable all recommended stories, click on OK button. After that, you will be redirect to your options page.