Via Economist’s View comes a segment from a Krugman and Stiglitz video: instituteforneweconomicthinking on livestream.com. Broadcast Live Free [Note: The video starts at the 16:15 mark, and the Krugman and Stiglitz discussion begins at 25:30]
by Linda Beale The GOP, rape and abortion, and the place of God in political discourse Remember GOP candidate Akin and his comments about no-pregnancies-from-legitimate-rape, suggesting somehow that most rapes are not legitimate and are maybe sought after by the one raped as well as by the rapist? Akin revealed an incredible lack of understanding […]
IF General Motors, Ford and Chrysler get the bailout that their chief executives asked for yesterday, you can kiss the American automotive industry goodbye. It won’t go overnight, but its demise will be virtually guaranteed. Without that bailout, Detroit will need to drastically restructure itself. With it, the automakers will stay the course — the […]
Over the weekend, the daughter of a friend of mine’s dog—a wonderful three-year-old German shepherd /collie mix named Bella—suffered a spinal injury of mysterious provenance. At first, on Saturday night, the problem seemed to be just hot spot just above her tail. But by Sunday morning, she was unable to use her hind legs at […]
by Linda Beale Growing inequality calls for both “predistribution” and (rightly directed) redistribution In putting forward my theme of democratic egalitarianism, I have often noted that there is no such thing as an economically egalitarian society–there will always be differentials among people, those differences often relate to social class and the education, privileged upbringing, and […]
I am going to try to explain the fundamental difference between federal investment GM and federal loan guarantees. This is politically important, because the Obama administration invested in GM by buying shares of new GM*. Romney denounced this and said that the Federal government should guarantee private sector loans rather than invest directly. The argument […]
(Dan here…a recent talk I attended on water in Burkina Faso reminded me to look at another important issue even for the US) by David Zetland David Zetland is a senior water economist at Wageningen University in the Netherlands and maintains a blog on water issues at Aguanomics. Will San Diego make the desalination mistake? […]
I loved the horses-and-bayonets rejoinder, and I especially loved that it highlighted Romney’s incessant plucking of irrelevant statistics and misrepresenting what they indicate. But the line I liked best wasn’t any line that Obama said. It was this one, said by Romney in his closing statement: I’ll lead you in an open and honest way. […]
I hear so many things about how investors prefer a Republican president I often wonder if they have ever looked at the data. Of course from just looking at a chart of the S&;P 500 since WWII it is hard to see how the market has performed under different presidents. Maybe this chart that […]
While he (uncharacteristically) doesn’t explain or deploy it terribly well, Paul Krugman points to some very excellent research on the relationship between private debt levels and the depth and duration of (especially financial-crisis-driven) recessions. The Schularick/Taylor Vox EU article is here. The Jorda/Schularick/Taylor paper is here (PDF). I think the work is excellent in large […]