Wednesday, September 6, 2017

Wednesday reading

Here's some economics news with which to enlighten your sorry ass:

Calculated Risk - ISM non-manufacturing increased in August. Ignore the manufacturing index: this is the one you should pay attention to, because it's a large part of the US economy.

FT Alphaville - Brainard's framing challenge. Tim Duy notes that it'll be harder for her to get her point across to the board now that the US isn't threatening a slowdown this year.I personally think the Fed is the one place where you can sometimes find economists who aren't wedded to idiotic dogma. Definitely she can convince Kashkari.

The Krugginator - the very bad economics of killing DACA. But forget about the economics, just look at it more simply:
throwing out 800,000 young people who are Americans in every way that matters, who have done nothing wrong, basically for racial reasons.
No, I'm sure there's going to be at least a dozen white Aryans who also get kicked out for having been brought to the US illegally in childhood.

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