Lifted from Robert Waldmann’sStochastic Thoughts: 32. Note that the US constitution grants the same due process rights to citizens and non citizens. This time I pick on Steve Benen who wrote “The drones themselves are a fairly new tool, but the use of technology is tangential to the underlying point about the use of force, […]
Just watch this. It is 1 minute long. Could it be anymore surreal? HOW MANY TIMES DO WE HAVE TO DO THIS? HOW MANY FREAKIN’ TIMES DO WE HAVE TO LEARN THE LESSON? Obviously, the lesson has not been relearned since at least sometime before 1992. If it had been relearned, we would not be […]
by Mike Kimel Accountability Watching the slow motion train wreck that is the European economy right now, and the Argentine economy just about always, I started to wonder – should political leaders be personally liable for their failures? Obviously, there is no way that someone whose ineptitude puts a creates a crash that causes severe […]
Update: I have been unable to repair the blogspot feed so far 2:30 P.M……can anybody help? Update 2: MEV repaired the feed and the editorial backlinks problem. In case you are wondering what is going on, our migration did not work as planned. Thank you for your patience. We lost the rss feed, and due […]
Mainly an open thread and effort to see if I can still post using blogger. But I have very strongly the impression that countries which default on their debts do relatively well after the default. Default is associated with horrible economic performance, but I think this is because default is caused by horrible economic performance. […]
The migration process to wordpress from blogger is to start about 11:30 PM March 21. Hopefully there will be few glitches. Our new design has some features to be added after the migration and can be explained then. Soon we will welcome readers to our new look, and allow readers to explore posts in a […]
Update April 4: Steve Waldman kindly links to this post, and I’m rather abashed that he does because it’s wrong as written. As pointed out by Ramanan. (Though the spirit is right.) I should have said: Private Domestic Nonfinancial (i.e. households and businesses, a.k.a. the “real” economy in which people produce, sell, and buy goods […]
by Linda Beale(op-ed) The Evils of Corporatism I have often written in these pages about “corporatism”, an approach that pervades our economy and many government agencies and does not align with the interests of the majority of Americans. Corporatism runs rampant today in states’ treatment of their public universities, treasures of the American educational system […]
Via Bloomberg comes this note on demographics and the work force, and continues a conversation about how that impacts all of us. Probably not in the way most often provided in punditry…such as taking jobs away from the millenium generation, wealthy old geezers stereotypes, or alarms sounded about who is to pay for services we […]
Dean Baker writes Worms, Pond Scum and Economists The effort to blame the awful plight of the young on Social Security and Medicare is picking up steam.In the last week, there were several pieces in The Washington Post and The New York Times that either implicitly or explicitly blamed older workers and retirees for the […]