Prof Barkley Rosser at Econospeak also asks questions on the freaking out over the fiscal deficit numbers: Only 6% Of Public Knows Deficit Is Declining Yes, here we go again, massive public ignorance post # I forget how many. This has been floating around out there for awhile but was on Rachel Maddow last night, […]
Peter Dorman at Econospeak speaks to the current selling of big idea models of the world (re-posted with permission from the author): There’s a review on the Dissent website by Steve Randy Waldman of Freaks of Fortune: The Emerging World of Capitalism and Risk in America by Jonathan Levy. The book sounds interesting, but it […]
Pro Growth Liberal points us to this interpretation of new economic data: GDP Gap Stuck at 6% Dean Baker gets it right with respect to the latest news on GDP: A sharp drop in government spending, heavily concentrated in defense, coupled with a decline in inventories caused GDP to shrink at a 0.1 percent rate […]
Pro Growth Liberal at Econospeak also takes Joe Scarborough to task on Krugman and Keynes: Joe Scarborough on the Deficit After his interview with Paul Krugman this morning Joe Scarborough wrote: Mr. Krugman’s view is that Americans would be better off if its government ran deeper deficits and ignored its longterm debt.To suggest that Keynesians like […]
Peter Dorman at Econospeak writes a letter to Bank of America: The Moral Imperative of a Debt Ceiling From this morning’s New York Times: Representative Jerrold Nadler, Democrat of New York, signed on to the trillion-dollar [platinum] coin plan, telling Capital New York: “It sounds silly but it’s absolutely legal. And it would normally not […]
Barkley Rosser at Econospeak offers his take on the current political situation and two players. (re-posted with permission from author) Norquist and LaPierre: Emperors Losing Their Clothes? Two figures have held near-dictatorial sway over a majority of members of Congress for several decades: Grover Norquist and Wayne LaPierre. However, both may be losing their grip […]
by Barkley Rosser from Econospeak “The young will pay more and get less.” More Nonsense from Robert Samuelson Our old friend, Dean Baker at Beat the Press, does a good job of taking apart yet another screed by the execrable Robert J. Samuelson, faux economist for WaPo, whining about why nobody is jumping on board […]
ProGrowthLiberal at Econospeak reminds us of a central tenet myth of this electoral campaign, and an example of political pressure on information sources: Tax Policy: You Can’t Handle the Truth Sahil Kapur reports on something that does not surprise me on two levels: The author of a Congressional Research Service study, who found no evidence […]
I am just catching up with some of the news this week. Barkley Rosser at Econospeak had a timely post on 9/11 ceremonies and reminds us about what we accept as special or inevitably normal: Things More Worthy Of Remembrance Than 9/11 Yes, what happened 11 years ago today was awful and tragic, and there is much […]
Passing along a note from Michael Perelman at Econospeak: The Matrix: The Intersection of War, Economic Theory, and the Economy Vincent Portillo and I are working on a new book, The Matrix: The Intersection of War, Economic Theory, and the Economy. So far it is still remains an exploration rather than a finished research project. […]