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That makes sense.

Our gut feelings can easily be wrong. We have after all experienced a large decrease in gasoline prices. That could more than compensate for more modest increases elsewhere in the CPI. Do you know if the MIT results incorporate hedonics? If they do then that could be a source of disconnect...

Icahn is a smart guy, a guy with very good advice in my opinion, but maybe not as smart as he should be. I chalk that up to him being to busy with his own investment world to peel back enough layers of complexity to get down to the roots of problems. He mentions too low rates leading up to the...

When that happens, if it happens, it won't be good for anyone holding U.S. treasuries.* Those who loaned the money, pay the debt -- Lord Skidelsky [It's a 20th century phenomenon, Skidelski refers to.] Those lenders holding government debt in the Social Security Trust, i.e., virtually all of...

I gave you an excellent link to virtually all the various definitions that are used. There are too many definitions to bother with here. Also if you google "Free Markets" you will turn up several succinct definitions, such as the one on Investipedia, etc. Please google, or use the good link I...

I don't want to mislead you. The don't usually exist in the microeconomic world either.

Do me a favor and don't change your mind.

You are collecting freon from the old systems and not releasing it to the atmosphere, right? That's correct science at work! Freons do catalyse destruction of stratospheric ozone. There has been a recovery since the Montreal protocol was adopted. that's the result of Rowland and Molina's work...

I have NEVER said this!! I NEVER will say this!! It is NOT true.:finger:

So, what are you going to do about it? Vote for TRUMP I suppose?!##!! That'll be a BIG help!!!;)

Yes, of course, they are most directly to blame, as it was Reagan's economists, such as Wendy Gramm, that started the whole supply-side ball rolling, and that has done so much damage. We have got a hangover from it today. We need to get back to supply side economics as quickly as possible. It...

apparently this "starry-eyed high school" writing style is working for him. :D "The Next Nobel Laureate in Economics? Posted on October 18, 2015 by Josh Hoxie I’d like to offer up three potential candidates. All three happen to be French, and each has contributed mightily to the global...

I'm not the best one to try and answer these questions. We need an expert on heat transfer. But I would guess that via your metabolism you are constantly combusting the fuel in your body to supply heat and your blanket, being a poor thermal conductor is decreasing the rate of heat exchange...

glad you enjoyed reading it. My pleasure!

If CO2 was going to cause "runaway" warming this would be a great concern. As it is CO2 doubling will cause only a very small temperature increase ceteris paribus. The mol fraction of CO2 is even much lower in real air than in dry. It is a very minor atmospheric and greenhouse gas, but it is...

Thomas Piketty on the rise of Bernie Sanders: the US enters a new political era The Vermont senator’s success so far demonstrates the end of the politico-ideological cycle opened by the victory of Ronald Reagan at the 1980 elections Bernie Sanders makes clear he wants to restore progressive...

No I can't. Many thousands of words have been written on this topic, but if you look up a definition you'll find several. Take your pick. The only thing I would say in this regard is that regardless of the definition you choose, such a market does not exist in reality, except perhaps as a...

Did you mean "couldn't" rather than "could"?

Did you mean "illegal immigrants" by "...bringing in ... workers by the millions" ? I have commented on the issue of illegal immigration in past posts. If you were truly interested in what I really said, you might look those posts up. I thought we had finished our discussion of the Fed some...

Real wages haven't even kept up with the government's figure!!! That's causing severe damage to the overall economy.