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

Do economic crises reflect crises in economics?

Dan here…Worth reading the whole 12 pages.   (Hat tip New Deal democrat) Do economic crises reflect crises in economics? Keynote address, ‘Rethinking Economics’ conference, Stiftverband für die Deutsche Wissenschaft/Handelsblatt, Frankfurt am Main, 23 January 2012. Diane Coyle, Enlightenment Economics and Institute of Political and Economic Governance, University of Manchester   The ‘series of unfortunate […]

Why you should be afraid: the next recession is likely to include wage deflation

by New Deal democrat Why you should be afraid: the next recession is likely to include wage deflation Beginning 3 years ago, I identified poor wage growth  as the shortfall in the economy that worries me the most. And it still worries me, even though there has been some modest improvement. Why? Because unless there […]

The U.S.: Inept Diplomacy, Indispensable Currency

by Joseph Joyce The U.S.: Inept Diplomacy, Indispensable Currency The announcements by several European governments that they would join the new Asian Infrastructure Investment Bank (AIIB) have been widely seen as indicators of the declining position of the U.S.  The AIIB had been proposed by China for the purpose of funding much-needed infrastructure projects in […]