Paul Krugman analyzes the debacle in Greece. Although Greeks voted barely a week ago to reject the bailout terms offered by the EU, which called for uninterrupted austerity, Prime Minister Alexis Tsipras proposed to the EU to accept almost all of the terms if there was some true financial relief. Instead, what the European Union, […]
Many conservatives breathed a sigh of relief after the speech, having feared a fresh set of innovative proposals that might have required serious responses. “I think it’s a horse race between what’s more tired, her or the material,” said Douglas Holtz-Eakin of the conservative American Enterprise Institute. “There really isn’t anything new here. It’s really […]
The Rivals: Paul Samuelson and Milton Friedman arrive at the University of Chicago – in 1932 A really important intellectual history of American Economics since 1932 from Economic Principals which self-describes as “A WEEKLY COLUMN ABOUT ECONOMICS AND POLITICS, FORMERLY OF THE BOSTON GLOBE, INDEPENDENT SINCE 2002, David Warsh, proprietor” For those like me who […]
Well there could be a lot of news by evening tomorrow. But nothing today that I can see. Which gives Angry Bear readers a chance to talk about everything and nothing. Or maybe like the Kool Kidz blogs we could start a pet or recipe Sunday. Naaah. Open Thread
A typical excuse for widening income inequality is that the ‘job creators’ actually work oh so much harder than the ‘job takers’. That while the latter simply leave work at 4 or 5 PM, the former are just getting started and in fact routinely put in 50-70 hour workweeks. Now I hasten to add that […]
I do not think that the actions of the Troika or of the 18 non Greek members of the Eurogroup are defensible. I am quite confident that, if they can be defended, IMF head economist O.J. Blanchard is the man for the job. He is very very smart and doesn’t just assume that Keynes was […]
I’ll make this short and then turn it over to you all. As long as Trump is polling in the top 2 or 3 in early States he can’t drop out and the RNC can’t force or even encourage him to drop out. After all he is “Winning” by the only measure that matters this […]
My aspiration for the country and I believe we can achieve it, is 4 percent growth as far as the eye can see. Which means we have to be a lot more productive, workforce participation has to rise from its all-time modern lows. It means that people need to work longer hours. — Jeb Bush, in an […]