Do you know anyone who has saved someone’s life? It is pretty heroic. The Medal of Honor, is sometimes awarded for saving a single life in a valiant way. So imagine how heroic it would be to save more than…
Yearly Archives: 2014
Robert Samuelson Bravely Bashes The Uppity Middle Class
Robert Samuelson is an economics columnist for the Washington Post who is usually wrongheaded. I suspect the only reason that he has his prominent position is that he has the same last name as one of the most influential Nobel…
The Fed Needs A Better Dashboard
The Brookings Institution updated a good article earlier this month showing the dashboard that the Federal Reserve leadership uses to steer the US economy using the “most important[¡¿]” measures. This “array of gauges” gives useful information, but it lacks anything…
One Unconventional Monetary Policy That The Conventional Wisdom Ignores
Let’s play word association. If I say, “unconventional monetary policy,” what is the first thing that comes to mind? If you are like most pundits and economists, you probably thought about phrases like quantitative easing, operation twist, NGDP targeting, large-scale…
Pew Stokes Racial Tensions While Median Wealth Stagnates
Yesterday the Pew Research Center released analysis based on new Fed data that shows that median black net worth is less than it was thirty years ago. Median net worth for whites has grown an average of about 1% over…
Lies (or Stupidity), Damned Lies (or Stupidity), and Statistics
A family member who has a history of opposition to efforts to reduce racial discrimination emailed me an article by Paul Sperry entitled, “Eric Holder believes all cops are racists…” Sperry claims that Holder’s efforts to reduce unconscious racial bias have…
The Fed Finally Adds Median Income To Its Data
I have given formal presentations about medianism in 4 different countries in 2014: the USA, Lebanon, Mexico, and now Canada. Two weeks ago I presented at the Mennonite Economic Development Associates (MEDA) Convention in Winnipeg Canada. A lot of the…
Medianism 