Curt Doolittle

Category: Economics, Finance, and Political Economy

  • froze over

    http://www.npr.org/2011/11/03/141971007/cuba-legalizes-purchase-sale-of-private-propertyHell froze over.

    Source date (UTC): 2011-11-03 14:26:00 UTC

  • Untitled

    http://www.capitalismv3.com/index.php/2011/11/profit-is-not-a-motivator-its-a-sensation/

    Source date (UTC): 2011-11-03 14:23:00 UTC

  • The 0.17%. The exact percentage of US Taxpayers that made more than $1M in 2009

    The 0.17%. The exact percentage of US Taxpayers that made more than $1M in 2009 income taxes. With 140M taxpayers, that’s 2.4M people who made $1M or more, and 66M people who didn’t pay any income taxes at all.

    Source date (UTC): 2011-11-03 09:06:00 UTC

  • There is no increase in inequality. There is a change in the composition of hous

    There is no increase in inequality. There is a change in the composition of households. Data is data is data. The change is caused by changes in who marries who, women in the workforce, devolution of the family, and immigration. It is what it is. So can we stop this ridiculous conversation now?

    Source date (UTC): 2011-10-30 23:55:00 UTC

  • Positive news from Karl: “Non-residential fixed investment is on fire. Equipment

    Positive news from Karl:

    “Non-residential fixed investment is on fire. Equipment and Software is burning it up at a 17% growth rate. Indeed, non-residential fixed investment contributed almost as much to growth as did consumption. Not grew at the same rate as consumption, but the absolute increase in business investment was almost as great as the absolute increase in consumption.”

    “An open question is how long this blistering level of Business Investment can keep going. It’s a little crazy at this point. We are still below normal on capacity utilization. Real retail sales have yet to make new highs.”

    Source date (UTC): 2011-10-30 14:35:00 UTC

  • Karl Smith: Is Apple Evidence Against Austrians?

    Karl Smith: Is Apple Evidence Against Austrians? http://www.capitalismv3.com/index.php/2011/10/karl-smith-is-apple-evidence-against-austrians/

    Source date (UTC): 2011-10-26 16:39:32 UTC

    Original post: https://twitter.com/i/web/status/129235725752352769

  • Zombie Philosophy Of The Progressive Left Economists

    http://www.capitalismv3.com/index.php/2011/10/karl-smith-is-apple-evidence-against-austrians/The Zombie Philosophy Of The Progressive Left Economists

    Source date (UTC): 2011-10-26 12:39:00 UTC

  • (Northwest) home prices continue their decline. I should go through my email fro

    http://blogs.wsj.com/economics/2011/10/25/a-look-at-case-shiller-by-metro-area-5/tab/interactive/Seattle/Portland (Northwest) home prices continue their decline.

    I should go through my email from 2004-2006 and see how many people said I was out of my mind. Nope. Wasn’t. And Im in the camp that says it won’t get better for a very, very long time. Originally I said 2014, but maybe as long as 2020. How to fix it? How to fix the economy? Do what I recommended in 2007, what Galbraith recommended in 2008, and what a few major economists are just now recommending – buy down mortgages. But it’s too political. Instead, we have to adjust world wide prices and endure unemployment. I’m a libertarian. I don’t like it. But ethically, if the state creates a problem the state can surely fix the problem.

    Source date (UTC): 2011-10-25 11:43:00 UTC

  • Krugman Watch: Austerity Class? Or is it a Starve-The-Beast Class?

    Krugman Watch: Austerity Class? Or is it a Starve-The-Beast Class? http://www.capitalismv3.com/index.php/2011/10/krugman-watch-austerity-class-or-is-it-a-starve-the-beast-class/

    Source date (UTC): 2011-10-21 19:13:13 UTC

    Original post: https://twitter.com/i/web/status/127462461812125696

  • is much easier for poor countries to grow faster than it is for rich countries b

    http://blog-imfdirect.imf.org/2011/10/21/growing-pains-europes-dilemma/”It is much easier for poor countries to grow faster than it is for rich countries because they can import technology they do not already have. It is much more difficult to grow fast if you are already rich and at the technology frontier—now you can only get richer by innovation.” -Bas Bakker

    This is a basic law of economics. It’s immutable. But that doesn’t stop people from ignoring it….

    Source date (UTC): 2011-10-21 15:18:00 UTC