rdan Barkley Rosser at Econospeak raises several economic points to consider in the current political turmoil in Iran, stagflation (inflation over 17.1%) and significant unemployment (16.3%) among the whole population and perhaps double among the young (2006 data suggests the median age at 24/25 years). …There are various numbers out there, but after digging around […]
Robert Waldmann The Washington Post just fired Dan Froomkin. This has caused considerable outrage on the web. Interestingly, my personal reaction was that Froomkin doesn’t need the Post — he will get high traffic with a new affiliation or with an independent blog. After the jump a recollection about how Froomkin has been getting in […]
lifted from comments, by reader vtcodger Vtcodger says: You’re right that Single Payer is probably the best answer for the US. And it is probably where we will end up. But apparently, we have to beat ourselves up some more before the Washington-NewYork elite are willing to face up to reality. So, we’re going to […]
Robert Waldmann has been playing hooky. Look it’s the end of the semester. My actual job involves some actual work these days (ETA of a Thesis defense 40 minutes). Also, I note no popular demand for my opinions on the Obama administration plan to reform financial regulation, and I still know jack about finance. So […]
by cactus Via Steve Benen and The Reality-Based Community, an interview in >Foreign Policy with Mohsen Makhmalbaf, Mousavi’s spokesman outside Iran: FP: There has been growing criticism here in Washington that U.S. President Barack Obama hasn’t said or done enough to support those demonstrating in the streets of Iran. Do you think Obama is being […]
rdan Stefanie Kelton of New Economic Perspectives points us to Jamie Galbraith and one of his conference papers on public/private investment and globalization. (Re-posted with permission from the author.) Economic Growth and Public Investment You may check James K. Galbraith’s interesting conference paper”. (warning pdf) An important point is that “contrary to popular myth, U.S. […]
by Tom aka Rusty Rustbelt The federal government is concerned about the incidence of Medicare re-admissions. Typical scenario: an elderly patient is admitted to the hospital for pneumonia and related distress. After a four day stay the patient is discharged to a long-term care facility. A week later the patient is readmitted with acute distress, […]
by Linda Beale [Excerpted from an earlier posting on ataxingmatter] On ataxingmatter, I considered Michigan’s tough problems and proposed a solution that could offer a way to deal fairly with the many issues the State faces. Michigan, as everybody knows, is a depressed state these days. High unemployment, high foreclosure rates, and even the Red […]