Relevant and even prescient commentary on news, politics and the economy.

Debt and Growth

Art at The New Arthurian Economics and I are looking at the relationship between debt and economic growth.  Art started with an observation of two FRED series, total credit market debt owed (TCMDO) and Gross Domestic Product (GDP,  nominal or GDPC1, inflation adjusted – take your pick.) Graph 1, from FRED, shows these data series.  […]

Predicting Recessions, The Great Stagnation, and Will There Be a Double Dip?

by Mike Kimel Predicting Recessions, The Great Stagnation, and Will There Be a Double Dip? There’s a lot of talk about a double dip recession these days. I don’t think there’s a precise definition of a double dip recession, but I think if there was it would be something like this: “a recession, followed by […]

A Critique of Tyler Cowen’s The Great Stagnation, by way of Alex Tabarrok’s Criticism of Keynesian Politics

by Mike Kimel A Critique of Tyler Cowen’s The Great Stagnation, by way of Alex Tabarrok’s Criticism of Keynesian Politics Cross posted at the Presimetrics blog Alex Tabarrok and Tyler Cowen are libertarian professors from George Mason University who post at the very popular Marginal Revolution blog. I often don’t agree with what they write, […]