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Tag Archives: alan krueger

The Minimum Wage Again

Posted on December 22, 2013 by Tony Lima

The Times is just plain wrong. The true minimum wage is zero. That’s what you make when you lose your job because the minimum wage was raised. Continue Reading →

Posted in Economic basics, Media Stupidity | Tagged alan krueger, capitalist system, economics research, empirical studies, evsey domar, featured, magical thinking, michael reich, minimum wage, new york times

Krueger on the August Jobs Report

Posted on September 7, 2012 by Tony Lima

Gee, Alan, if you step back far enough the problem vanishes entirely! Continue Reading →

Posted in Current issues | Tagged alan krueger, council of economic advisers, featured, jobs

The Obama Jobs Plan

Posted on September 8, 2011 by Tony Lima

Temporary tax changes don’t change economic behavior. Employers hire workers for the long term. A one year tax break is like trying to fill the Grand Canyon with a teaspoon. (Less polite metaphors did occur to me, but I’ll leave that to you.) Continue Reading →

Posted in Current issues | Tagged alan krueger, payroll tax reduction, transportation projects, unemployment insurance benefits

Our Favorite Economist Tony Lima

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Economist Thoughts

TARIFF, n. A scale of taxes on imports, designed to protect the domestic producer against the greed of his customers. — Ambrose Bierce

“Everybody knows that once something is declared a right, the laws of supply and demand are automatically repealed.” – Ben Shapiro, podcast, September 4, 2018

Why I will not use government data from now on

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Websites I Like and Use

  • Board of Governors of the Federal Reserve System
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GonzoEcon History

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  • Bring Back Dilbert!
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  • Silicon Valley Bank and the Regulators March 21, 2023
    One question that has come up is whether this was a failure of regulation.  Stanford Prof. John Cochrane is a proponent of this idea. I don't find his arguments persuasive. Continue Reading →
    Tony Lima
  • Silicon Valley Bank March 17 Update March 17, 2023
    First, Silicon Valley Bank was a Federal Reserve member bank. Second, almost no one came back to the actual offices. Continue Reading →
    Tony Lima
  • Bring Back Dilbert! March 17, 2023
    Vote to get Dilbert back into the San Jose Mercury-News. With the permission of Scott Adams I am running the write-in campaign. Continue Reading →
    Tony Lima
  • Silicon Valley Bank March 15, 2023
    On March 10, Silicon Valley Bank was closed by the FDIC.  The main cause was an incompetent management team that wasn't interested in banking. Continue Reading →
    Tony Lima
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