SCOTT SUMNER II
…it was about 2% of GDP prior to the Great Depression and it has been around 20% of GDP since WW II. Moreover, government transfer payments were insignificant prior to…
…it was about 2% of GDP prior to the Great Depression and it has been around 20% of GDP since WW II. Moreover, government transfer payments were insignificant prior to…
…same results.” In fact, there’s no necessary connection between socialism, communism or Marxism and market failure or authoritarian repression. The obvious counterexample is the Great Depression, which was an economic…
…levels of some proteins and peptides were elevated in schizophrenic patients. They also saw characteristic changes in samples taken from patients with depression. The identification of specific biomarkers could redefine…
…the size of the U.S. Great Depression. The first year of the Trump sanctions (2017-2018) killed tens of thousands of Venezuelans; the death toll there has almost certainly reached the hundreds of…
…fast in the United States in recent months, down 10% or more. The world in the last six months–I don’t remember any time, maybe even the Great Depression, when things…
…the Great Depression came about half a decade after big reductions in both marginal tax rates and regulation. Coincidence? 3. Obama’s performance might resemble that of other Democratic administrations more…
…the Senate, the House, and/or the Presidency? IOW, do Dems/Pubs act differently in the House than they do in the Senate or the presidency? 4. Which branches have the greatest…
…those used by demographers, but my argument is only to a limited degree demographic to start with). So we have the Greatest Generation with birthdates from 1910 to 1928, the…
…includes ordoliberals who claim to remember the German hyperinflation but not the suffering under Bruening during the Great Depression which was long ago and irrelevant to Europe (the Europe which…