The Dangerous Economist

The Blog of Cyril Morong

Monday, January 30, 2012

Obama Plans To Slow Rising Tuition

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See Obama Details Plan to Curb Tuition By LAURA MECKLER and STEPHANIE BANCHERO of The Wall Street Journal . Part of the problem is ".....
Friday, January 27, 2012

U.S. GDP grows 2.8% to its fastest pace in 1-1/2 years, but slower than expected

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Click here to read the article from the New York Daily News . "Economists, however, had been betting on a slightly faster fourth-quart...
2 comments:
Wednesday, January 25, 2012

What We Give Up for Health Care

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Interesting article by Ezekiel J. Emanuel in Sunday's NY Times . Click here to read it . He is a doctor. One of his brothers is mayor o...
Wednesday, December 07, 2011

What Is Economics According To Keynes?

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This might be an appropriate way to end the semester. I will not be keeping to my regular schedule until the next semester starts. Here is t...
Sunday, December 04, 2011

Keynes vs. Hayek

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Probably most people have seen this video or know about it. We watched it in my macro classes this week. There are actually two videos. Here...
4 comments:
Friday, December 02, 2011

Economist Mark Thoma on making dollars available to troubled European banks

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Mark Thoma teaches at the University of Oregon. This is from his Wednesday article at CBS Money Watch. See Will the Fed's move to help E...
Wednesday, November 30, 2011

What has happened to the distribution of wealth in recent years?

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Here are a couple of links that look at this quesion. Ponds and Streams: Wealth and Income in the U.S., 1989 to 2007 by Arthur B. Kennick...
Sunday, November 27, 2011

Is Willpower An Untapped Resource?

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In economics we say that there are three resources: land, labor and capital. Maybe willpower should be added as a fourth resource. See Willp...
4 comments:
Friday, November 25, 2011

Economists debate issues at new online policy forum

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See IGM Economic Experts Panel . Here is the description: "This panel explores the extent to which economists agree or disagree on majo...
Wednesday, November 23, 2011

Did The Recession Help Lower The Birth Rate?

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See Birth Rate Continues to Slide Among Teens by TIMOTHY W. MARTIN in the 11-18 WSJ. "The birth rate among American teens fell to its ...
2 comments:
Sunday, November 20, 2011

Did The Housing Crisis Bring Benefits To College Students?

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See Animal McMansion: Students Trade Dorm for Suburban Luxury from the 11-12-11 NY Times . Excerpts: "While students at other colleges...
3 comments:
Friday, November 18, 2011

60 Minutes: Insider trading is legal for members of Congress-but it is nothing new, it started in 1790

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See Congress insiders: Above the law? . Here is a brief excerpt: "* Members of Congress have bought stock in companies while laws that ...
Wednesday, November 16, 2011

The San Antonio College Student Newspaper, "The Ranger," Has A Front Page Story On "Occupy Wall Street"

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Here is the link: Occupy movement only beginning, political science professor says I submitted an op-ed piece in reply. It is below. I guess...
Sunday, November 13, 2011

Vehicle Exhaust Linked To Brain-Cell Damage, Higher Rates of Autism

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See The Hidden Toll of Traffic Jams by ROBERT LEE HOTZ, science writer for the WSJ. In my macro classes earlier this semester I talked abou...
Friday, November 11, 2011

M1 and M2 show big gains in the last 12 months

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For the data, see Money Stock Measures from the Federal Reserve. From October 2010 to October 2011, M1 was up about 21% while M2 was up abo...
Wednesday, November 09, 2011

U.S. exports and imports as a percentage of total output, 1869-2005

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Below is a graph from Macroeconomics (6th Edition) by Andrew B. Abel, Ben S. Bernanke and Dean Croushore. A question about this came up in ...
2 comments:
Sunday, November 06, 2011

Does It Pay To Be A Garbage Miner?

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This past week in my microeconomics class, we read a chapter about trash in the book The Economics of Public Issues . It raised the issue of...
Friday, November 04, 2011

What happened to income of the top 1% from 2007-2009?

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See The Rich Get Poorer by Greg Mankiw, Harvard economics professor. Here is his blog post: "Here is a fact that you might not have he...
Wednesday, November 02, 2011

The Deficit Trials 2017 A. D.

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I recall a commercial like this back in 1985 or 1986. It paints a bleak picture of America in the future, presumably caused on the growing n...
2 comments:
Sunday, October 30, 2011

What is the unemployment rate for people with college degrees?

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4.2%. The median weekly income for college grads is $1,072 while it is $636 for high school grads. See Gloom Widespread as College Grads Fac...
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About Me

Cyril Morong
I am a retired economics professor. My email address is cyrilmorong@sbcglobal.net
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