Robert Waldmann notes a decent article defined by a ridiculous title (of course lifted from his musings): 1) Reasonable and reasonably honest conservative list update: Josh Barro is very reasonable and quite honest. But is he still a conservative? He sure doesn’t always sound like one. 2) About #1) see an example of the ness […]
by Robert Pollin who is Co-director, Political Economy Research Institute and Professor of Economics, University of Massachusetts, Amherst (reposted with permission from the author from his website Back to full employment) A Modest Proposal for Jacob Lew: Acknowledge Three Simple Facts about U.S. Fiscal Reality January 15, 2013 by Robert Pollin In a reasonable world, […]
Reader mmcosker sends this e-mail pointing to Why Social Security Can’t go Bankrupt: Rerun at Forbe’s Magazine: John T. Harvey’s Pragmatic Economics column at Forbes is one of the best. He is a Professor of Economics at Texas Christian University, and has a knack for breaking down politically charged “third rail” economic topics into terms […]
A note from Wonkblog For anybody who cares about how the country ended up in this precarious economic state, a very big day is coming soon, as information that has been under lock and key for the past five years will be shared with the world. The Federal Reserve keeps transcripts of its meetings to […]
The Washington Post calls attention to changes in measuring international trade values: The U.S. trade deficit with China may be much smaller than thought according to new trade measurements that capture the flow of raw materials and intermediate goods as they work their way around the world into final products. In a significant revision to […]
by Linda Beale Trillion Dollar Coins, Fourteenth Amendment Powers, Executive Duties versus the Zanies on the Right who Want to Send us to Economic Purgatory: Krugman on the dysfunctional politics of the US economy Paul Krugman appeared on Bill Moyers PBS program Sunday night, talking sanely and rationally about the economy and why jobs (should) […]
Via TBogg comes this picture from the WSJ: Kudos to Xenos at Reading Is For Snobs for finding this graphic from the Wall Street Journal portraying the devastation inflicted upon The Poors in post-Fiscal Cliff Obama Socialism Nation:
Here are reminders of Angry Bear posts and contrbutor thinking on “Wealth, debt,and consumption”. Wealth versus income Usually my articles present facts and data and try to drive down to a conclusion. This time, I’m going to drive down to a couple of questions. Income and consumption jazzbumba Part 1…spending as a fraction of net […]
From Reuters comes this piece on arms spending: Demand for big-ticket U.S. weapons is expected to stay strong for at least the next few years, the trade group said in a 2012 year-end review and forecast released in December.Fears resulting from China’s growing military spending (bolding mine…the US has about 4.8% spending to GDP ratio) […]
Note that in this table from 2010 a full fix is 0.6. And that the North West Plan is close to Options 2 and 3.