HispanicPundit + summers   38

Does immigration help the Dems? – Econlib
I don’t believe that immigration will make America more diverse, nor do I think it will make the electorate vote more Democratic.  That’s because immigration from Asia and Latin America has made earlier immigrants from southern and eastern Europe seem less different, more “white” than they seemed in 1924, when immigration was restricted because America seemed to be becoming extremely diverse. By the 1950s, that same ethnic mix was viewed as homogeneous.  Intermarriage rates are now so high that the day will come when both Asians and middle class Hispanics will be viewed as culturally “white”.  Fifty years from now America will still be about 75% “white”, in terms of people’s perceptions. (The black population will stay around 13%)  Diversity is a state of mind.

And as immigration brings in people who don’t vote Republican, it makes existing residents more likely to vote Republican.  Thus each party will continue to win roughly half of the vote.
Immigration  voting  Republicans  cowen  Summers 
august 2018 by HispanicPundit
TheMoneyIllusion » Greg Ip on trade imbalances and demand
Let’s start with the US.  The US is not at the zero bound, and the Fed is expected to raise rates in a few days because they think that failing to do so would result in excessive AD.  So if protectionism somehow miraculously boosted AD in the US, the Fed would simply raise rates even faster to prevent any stimulative effect on AD.

Now it’s true that the Eurozone and Japan are both at the zero bound.  But both economies have very large current account surpluses, so obviously trade deficits are not depressing output in those two regions.  Even very depressed areas such as Italy run surpluses.
trade-deficits  summers  krugman 
december 2016 by HispanicPundit
The Carrier scandal, Scott Sumner | EconLog | Library of Economics and Liberty
January 20, 2017, will be a momentous day for me. For the first time in my life, the US President will no longer be the de facto leader of the free world. (I suppose Angela Merkel will take over that role.)
industrialPolicy  Trump  Summers  sumner 
december 2016 by HispanicPundit
Larry Summers 101 - The Unz Review
Women who take the LSAT average about a quarter standard deviation lower than men who take the LSAT. When you get out to the Top 14 law schools, that’s starting to make a noticeable difference.

Here’s a graph from the Law School Admissions Council on LSAT score distributions in 2011-12
genderissues  summers  IQ  Sailer  lawyers 
december 2016 by HispanicPundit
The Economics of Paid Parental Leave, David Henderson | EconLog | Library of Economics and Liberty
She claimed, in her acceptance speech for the Democratic presidential nomination, that this would benefit women with children. The good news is that she's right. The bad news, according to widely-accepted economic analysis and past evidence, is that the main people who would pay for this benefit would be women of child-bearing age.
Think of how employers would react to such a mandate. They would realize that the main people who would take advantage of paid parental leave would be women of child-bearing age. This makes those women less valuable to them as employees. So their demand--the amount they are willing to pay--for women in that category would fall. Women in that category, on the other hand, would be willing to work for less because the benefit is valuable. In economists' jargon, in short, both the demand curve and the supply curve would fall. The wages of those women, therefore, would fall.
Hillary  labor  regulations  maternity-leave  henderson  summers 
september 2016 by HispanicPundit
HealthCare.gov: How political fear was pitted against technical needs - The Washington Post
“They were running the biggest start-up in the world, and they didn’t have anyone who had run a start-up, or even run a business,” said David Cutler, a Harvard professor and health adviser to Obama’s 2008 campaign, who was not the individual who provided the memo to The Washington Post but confirmed he was the author. “It’s very hard to think of a situation where the people best at getting legislation passed are best at implementing it. They are a different set of skills.”
obamacare  obamaadministration  obamafailures  cutler  summers 
november 2013 by HispanicPundit
Summers Way Off on FDR and 1941, David Henderson | EconLog | Library of Economics and Liberty
Larry is assuming that there was a big military build-up in 1940. 1941 doesn't count because the election that, by his hypothesis, would have driven FDR from office was in November 1940. But there was no big military build-up in 1940. Alexander Field, in his book, A Great Leap Forward, points out that even with a broad measure of military spending that includes Lend-Lease and the government's Defense Plan Corporation, a subsidiary of the Reconstruction Finance Corporation, spending in 1940 and 1941 was only 5 percent of the cumulative defense spending that occurred between 1940 and 1945. And certainly 1941 spending wasn't below 1940 spending. Which means that military spending in 1940 was less than 2.5 percent of overall military spending between 1940 and 1945.
fdr  wwii  history  summers  henderson  sidebar 
august 2011 by HispanicPundit
Why Does Larry Summers Like Big Banks So Much? - Business - The Atlantic
"Of course, that doesn't mean that big banks are better for the economy, as Summers suggest. But there's one thing he does hint at, though he doesn't quite come out and say it: bigger banks might be better for regulators. It may not be smart to put all your eggs in one basket . . . but it's probably a hell of a lot easier for a regulator to watch that basket. Plus, big banks provide nice lots of cushy jobs for regulators to retire into. Small banks don't have quite the same incentives (or payrolls). This may explain something important about what's happened in our banking system over the last few decades."
financialRegulation  summers  mcardle  sidebar 
april 2010 by HispanicPundit
Greg Mankiw's Blog: Is a mandate a tax?
"The best place to read about the topic is this old paper by Larry Summers. Larry says, "Essentially, mandated benefits are like public programs financed by benefit taxes." But there is much more to Larry's article than that. Please click through to the paper and read it for yourself."
mandates  miron  marron  mankiw  summers  sidebar 
september 2009 by HispanicPundit
CARPE DIEM: Larry Summers Vinicated? Global Study Shows Greater Male Variability in Math, Reading Scores
"It does appear that on many, many different human attributes- height, weight, propensity for criminality, overall IQ, mathematical ability, scientific ability - there is relatively clear evidence that whatever the difference in means - which can be debated - there is a difference in the standard deviation, and variability of a male and a female population."
iq  genderissues  crime  summers  perry  sidebar 
june 2009 by HispanicPundit
CARPE DIEM: Women Underrepresented in Prison Populations
"According to 2008 Department of Justice data, there were almost 13 times more men in U.S. prisons than women, and data from the Death Penalty Information Center show that there were about 65 men on death row for every woman in 2007."
genderissues  summers  iq  perry  sidebar 
june 2009 by HispanicPundit
President’s Economic Circle Keeps Tensions at a Simmer - NYTimes.com
How Obama's economic team is really about Summers vs Goolsbee...and why we should be rooting for Goolsbee.
obamaAdministration  summers  goolsbee  NewYorkTimes  sidebar 
june 2009 by HispanicPundit
Barack Obama and the New Center-Left - Ross Douthat
Obama's administration is more left because liberal economists have shifted leftward.
obamaAdministration  liberalism  summers  douthat  sidebar 
april 2009 by HispanicPundit
EzraKlein Archive | The American Prospect
"What is most screwed up today? GSEs, Citibank, regional banks. What is most regulated? Same list. What is least screwed up? Hedge funds and the like. What is least regulated? If regulation means the jihad against short selling that the Securities and Exchange Commission is engaged in, then god help us all."
summers  Friedman  subprimeCause  regulations  klein  sidebar 
december 2008 by HispanicPundit
EzraKlein Archive | The American Prospect
The Democratic plan to move healthcare to more and more government...and Summers role in it.
healthcare  summers  liberalism  klein  sidebar 
november 2008 by HispanicPundit
Larry Summers for Treasury Secretary - Freakonomics Blog - NYTimes.com
Analyzing what Summers really said and why he should be picked as Treasury Secretary anyway.
summers  genderissues  freakonomics  sidebar 
november 2008 by HispanicPundit
Marginal Revolution: Tradeoffs Don't Exist
Liberal economist Larry Summers argues that you can have your cake and eat it too.
FinancialBailout  taxes  campaign2008  summers  tabarrok  sidebar 
september 2008 by HispanicPundit
Jam tomorrow, crack today - winterspeak.com
Winterspeak vs Summers on the current account deficit.
deficits  china  summers  winterspeak 
august 2008 by HispanicPundit
EconLog, The McCain-Stiglitz Axis, Arnold Kling: Library of Economics and Liberty
"I lean toward the McCain-Stiglitz view. The priority should not be getting capital to Freddie and Fannie to support their growth. The priority should be diversifying the sources of mortgage finance."
FannieMae  McCain  summers  Kling  sidebar 
july 2008 by HispanicPundit
Creative Capitalism: Our creative mortgage crisis?
Larry Summers on Fannie Mae and Freddie Mac and why they failed.
corporate  FannieMae  government  Socialism  summers  sidebar 
july 2008 by HispanicPundit
Dani Rodrik's weblog: In defense of Larry Summers
Larry Summers and Rodrik vs. mainstream economists on trade.
free-trade  heterdox  summers  rodrik  india 
may 2008 by HispanicPundit

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