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Monday, August 25, 2014

A Universal Basic Income and Work Incentives: What Does the Empirical Evidence Tell Us?

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In Part 1 of this series , I outlined some basic economic theory regarding a universal basic income (UBI) and work incentives. By a UBI, I...
Monday, August 18, 2014

Universal Basic Income and Work Incentives: What Can Economic Theory Tell Us?

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Everywhere you look, it seems, people are talking about a Universal Basic Income (UBI)—a monthly cash benefit paid to every citizen that w...
Wednesday, August 13, 2014

Krugman vs. the Libertarians on Phosphorus, Freedom, and Environmental Economics

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Paul Krugman is at it again with a stunningly ignorant NYT op-ed on libertarians and the environment, “ Phosphorus and Freedom .” As the aut...
Wednesday, August 6, 2014

How Many Miles Can You Drive on One Hour's Wages? From the Model T to the Prius in One Chart

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Recently I came across this assertion in a comment box on one of my favorite websites: “The cost to fuel your car has never been higher as a...
Friday, August 1, 2014

US Job Market Records Best Six-Month Gains in Years

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Today’s report from the BLS showed that the US economy added 209,000 payroll jobs in July. With upward revisions for May and June, tota...
Wednesday, July 30, 2014

First GDP Data for Q2 2014 Show US Economy was Stronger Than Previously Thought

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Today’s report from the Bureau of Economic Analysis shows the US economy to be much stronger than previously thought. The advance estimat...
Wednesday, July 23, 2014

US CPI Rises at 3.1 Percent Annual Rate in June. What Does That Mean? An Increase in the Cost of Living, or Inflation?

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On Tuesday, the Bureau of Labor Statistics announced that the US Consumer Price Index (CPI) rose Mike Bryan on the Atlanta Fed’s Macroblo...
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