On the blogs

Why You Should Never Use a Supply and Demand Diagram for Labor Markets -- by Peter Dorman at Econospeak. And you shouldn't, but the reasons given here are not the best (more on this on later post)

Declining US Investment, Gross and Net -- Tim Taylor just show the data really (nope, no accelerator story, or any for that matter). Particularly worrisome is the decline in infrastructure investment, even after a recession

What’s behind the decline in U.S. interest rates? -- Nick Bunker at the Center for Equitable Growth, a liberal (progressive?) think tank. Hey, if they endorse the nonsense about the natural rate of interest, there is little hope, I would argue (more on this later too)


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