Lifted from Robert’s Stochastic Thoughts New Keynesian Good Two Keynesian Better Oddly, Paul Krugman seems to have perceived my observation that he is a two Keynesian rather than a new Keynesian as a criticism. In fact I much prefer simplest new Keynesian models to standard obscure new Keynesian models. Oh hell, my damn comment was waaay too […]

Robert Schiller began a look at executive compensation: Last Wednesday, we presented our findings, “The Squam Lake Report: Fixing the Financial System” (Princeton University Press). Ben S. Bernanke, the chairman of theFederal Reserve, helped introduce the book at a conference at Columbia University. He said he agreed with the principle that “the stakeholders in financial firms — including […]

Reflects much of what Bill H.,  Maggie Mahar, and Linda Beale have written… Via USA Today comes this article and chart:   Health care spending growth

Via Alternet Jim Hightower offers a simplified look at the possible consequences of this trade deal: Twenty years later, the gang that gave us NAFTA is back with the TPP, a “trade deal” that mostly does not deal with trade. Of the 29 chapters in this document, only five cover traditional trade matters! The other […]

by Linda Beale FATCA Agreement with France On November 14, the US Treasury Department announced that it had signed an agreement with France relating to the implementation of the 2010 Foreign Account Tax Compliance Act (FATCA) law.  That makes the 10th such agreement signed between the US and other countries to date, and helps move […]

Skeptical Science offers a nice, concise history of climate science: Two Centuries of Climate Science: part one – Fourier to Arrhenius, 1820-1930 Two Centuries of Climate Science: part two – Hulburt to Keeling, 1931- 1965 Two Centuries of Climate Science: part three – Manabe to the present day, 1966-2012 (h/t reader Jan)

Senator Elizabeth Warren says it well: Transcript is found at Floor Speech by Senator Elizabeth Warren The Retirement Crisis November 18, 2013 As Prepared for Delivery.

Via the Guardian, Orthodox economists failed market test After all, the large majority of economists who predicted the crisis rejected the dominant neoclassical thinking: from Dean Baker and Steve Keen to Ann Pettifor, Paul Krugman and David Harvey. Whether Keynesians, post-Keynesians or Marxists, none accepted the neoliberal ideology that had held sway for 30 years; and all understood that, […]

CEOs at the forefront of the drive to slash Social Security possess personal retirement funds worth an average of $14.5 million, and three have nest eggs worth more than $100 million. That’s according to a new report by two Washington-based research groups – the Institute for Policy Studies and the Center for Effective Government. Fix the Debt is […]