I think you might want to read this excellent post by Simon Wren-Lewis. That is all.

Brad DeLong made a case for big government and higher deficits. Paul Krugman wrote an exagerated pun of praise. The part he liked was the appeal to myopia and paternalistic proposal “The problem is that as we move into the twenty-first century, the commodities we will be producing are becoming … more subject to myopia […]

An understanding between Iran and the 5+1 countries about Iranian nuclear technology has been announced. Given my lack of expertise, no one should care what I think of the deal. That warning typed, I will write as if I were expert after the jump.

Noam Scheiber has a hard hitting article on the front page of www.nytimes.com “2016 Candidates and Wealthy Are Aligned on Inequality” The content should be familiar to AngryBear readers. A majority of Americans are alarmed by high and increasing inequality and support government action to reduce inequality. However, none of the important 2016 candidates has […]

Doktor Zoom at Wonkette reports on the delightful and important consequences of the foolish decision by Rep Cathy McMorris Rogers (R-WA) to ask the public to report Obamacare horror stories on her facebook page. Matthew Yglesias found it too. Facebook isn’t reality (warning to the kids who might be ready) but it can be cruel […]

The big news is that expanded access to Medicaid causes increased diagnosis of diabetes which presumably causes better health in the not so distant future. Google is impressed. I quote Sabrina Tavernise in The New York Times The number of new diabetes cases identified among poor Americans has surged in states that have embraced the […]

I commented on Brad DeLong commenting on Dean Baker asking Brad Delong a challenging question. Brad decided my comment belonged on his front page, so I guess it belongs here too. Baker wrote Brad DeLong tells us that he is moving away from the cult of the financial crisis (the weakness of the economy in […]

I was intrigued by a very puzzling tweet (by @billmon1) which noted that Jonathan Chait had compared Benjamin Netanyahu to Yasser Arafat. I thought that a very odd comparison as they don’t seem similar to me, except for the part about participating in negotiotiations but never actually accepting a final peace agreement. But I now […]

Uber wonk Matt O’Brien writes about The “weird way people talk about zero interest rates” He discusses Gillian Tett discussing her conversations with those who O’Brien calls the “the masters of the universe.” They don’t like the Fed’s extremly low interest rate policy. They can’t claim that loose monetary policy has causes excessive inflation, so […]

Continuing my efforts to demonstrate that a little knowledge of the law is a dangerous thing (and adding a superfluous Wald to the name of the AngryBear competent to discuss this) I wonder how and why Senators decided that the President must seek their advice and consent before performing any foreign policy (including for all […]