If the law is against you, pound the facts If the facts are against you, pound the law If the law and the facts are against you, pound the prisoners.

by Joseph Joyce The G20 and the (Non)Pursuit of Financial Stability One of the legacies of the response to global financial crisis was supposed to be a renewed focus on international financial stability. A manifestation of this effort was the transformation of the Financial Stability Forum by the Group of Twenty (G20) into the Financial […]

Guest Post by Steve Hutkins of Save The Post Office Josh Hicks has a piece in yesterday’s Washington Post about the announcement that Ruth Goldway (pictured in China) had stepped down as Chairman of the Postal Regulatory Commission, to be replaced by Commissioner Robert Taub as Acting Chairman. It’s entitled “Jet-setting postal regulator replaced amid […]

It seems that the most recent employment report has convinced several* economists that there is a high risk that the Fed Open Market Committee (FOMC) will raise the target Federal Funds rate soon. Paul Krugman There will, predictably, be calls to respond to the good news by normalizing monetary policy, raising interest rates soon. And […]

I am of the opinion that the economy is overshooting its natural sustainable level at the moment. There are problems that can occur from that. Below I give a warning from the field of Population Ecology. Stocks are rising to records partly on the back of a lower labor share in 3rd quarter 2014, which […]

Update: Incredibly embarrassing and rude misspelling corrected all credit due to Robert in comments who sure is different from Robert who is now typing. Noah Smith writes better than I can and in particular that Nobel-winning economist Paul Krugman recently claimed that John Maynard Keynes — or the general idea of Keynesianism — is winning […]

In this rather long post Brad (who writes faster than most people can read causing potentially inefficient fixed pixel formation) Brad spends an odd amount of time critiquing some neo-Austrian and Singer the inflation truther. But then he discusses the thoughts Bernanke and Summers, which are well worth discussing. Ben Bernanke says that there is […]

Dan here…Thomas Palley is Senior Economic Policy Advisor, AFL-CIO Washington DC. Here he addresses the issues of trade imbalances in a paper worth considering. by Thomas Palley The theory of global imbalances: mainstream economics vs. structural Keynesianism Prior to the 2008 financial crisis there was much debate about global trade imbalances. Prima facie, the imbalances […]