In any event, it’s completely unclear where people will stop in for hamburgers and fries, and where they will buy extremely cheap household items, once the fast food industry and Walmart have ceased to exist because there no longer are Americans who lack the skills and qualifications for good jobs and they’ve all found good […]

The left claims they’re for American workers, and they’ve got lame ideas, things like minimum wage. Instead of focusing on that, we need to talk about how we get people skills and qualifications they need to get jobs that go well beyond minimum wage. — Scott Walker, yesterday Yep, raising the minimum wage and instituting […]

Paul Krugman analyzes the debacle in Greece. Although Greeks voted barely a week ago to reject the bailout terms offered by the EU, which called for uninterrupted austerity, Prime Minister Alexis Tsipras proposed to the EU to accept almost all of the terms if there was some true financial relief. Instead, what the European Union, […]

Many conservatives breathed a sigh of relief after the speech, having feared a fresh set of innovative proposals that might have required serious responses. “I think it’s a horse race between what’s more tired, her or the material,” said Douglas Holtz-Eakin of the conservative American Enterprise Institute. “There really isn’t anything new here. It’s really […]

The Rivals: Paul Samuelson and Milton Friedman arrive at the University of Chicago – in 1932 A really important intellectual history of American Economics since 1932 from Economic Principals which self-describes as “A WEEKLY COLUMN ABOUT ECONOMICS AND POLITICS, FORMERLY OF THE BOSTON GLOBE, INDEPENDENT SINCE 2002, David Warsh, proprietor” For those like me who […]

Well there could be a lot of news by evening tomorrow. But nothing today that I can see. Which gives Angry Bear readers a chance to talk about everything and nothing. Or maybe like the Kool Kidz blogs we could start a pet or recipe Sunday. Naaah. Open Thread

A typical excuse for widening income inequality is that the ‘job creators’ actually work oh so much harder than the ‘job takers’. That while the latter simply leave work at 4 or 5 PM, the former are just getting started and in fact routinely put in 50-70 hour workweeks. Now I hasten to add that […]