Clifford Clark’s post at ataxingmatter* is worth a more complete look. This also brings to mind Steve Keen’s work on private debt and the economy on his blog Debt Watch as well as Lane Kenworthy’s exploration of poverty and severe poverty at Consider the Evidence, and Angry Bear Robert Waldmann’s recent posts here and here. […]

by Linda Beale The Hill reports on “supercommittee Alexander Bolton reports that “With Supercommittee Deadlocked, leaders Reid and Boehner meet“, The Hill (Nov. 15, 2011).  Reid (Dem) and Boehner (GOP) met Tuesday, but aides told The Hill that “They’re not about to dive in” to the negotiations.  But as the committee seems to be at […]

by Mike Kimel Scaling to New Depths* with Scott Sumner I’ve been having a bit of back and forth with Scott Sumner. Here is his latest post, helpfully entitled: “A suggestion for Mike Kimel.” His key suggestion: “Please take a close look at the data from the Great Depression, before doing more posts claiming I […]

The Washington Post points us to a study on the overall impact of regulations and jobs: The critique of regulations fits into a broader conservative narrative about government overreach. But it also comes after a string of disasters in recent years that were tied to government regulators falling short, including the financial crisis of 2008, […]

Yves Smith provides an overnight look at OWS Zucotti Park ‘cleaning’ by NYPD. The post has frequent updates and is very long, so a visit is in order if interested.

by Linda Beale GOP two-step approach problematic Discussion continued apace yesterday about the “supercommittee” and the idea of agreeing to agree someday on some revenue increases while going ahead with cuts. This approach is a terrible one since it gives the obstructionist GOP members just another setting in which to refuse to go ahead with […]

by Mike Kimel Scott Sumner Digs Deeper Scott Sumner criticizes my most recent post in which I indicate that Keynesian theory explains growth rates during the New Deal era better than theories proposed by monetarists. He starts by criticizing this, which I wrote in my earlier post. Aggregate demand was very slack when FDR took […]

In the New York Times today: The Supreme Court on Monday agreed to hear a challenge to the 2010 health care overhaul law, President Obama’s signature legislative achievement. The development set the stage for oral arguments by March and a decision in late June, in the midst of the 2012 presidential campaign… … Appeals from […]

by Linda Beale Super-Congress wants to have its cake and eat it too So the Democrats and Republicans on the so-called “Super-Committee” that is supposed to find $1.2 trillion in budget reductions/increased revenues within a week now thinks it has a solution–let the regular tax committees (Finance and Ways & Means) come up with the […]

Mother Jones points us to a Stimson Center study, titled What We Bought: Defense Procurement From FY01 to FY10 (PDF), (via Reader Supported News). From the report Procurement funding grew from $62.6B in FY01 to as much as $135.8B throughout the decade.3 In constant dollars, base procurement funding in FY10 increased by 41 percent from […]