Relevant and even prescient commentary on news, politics and the economy.

A final (for now) comment on Romney’s virulent hostility toward the UAW (and organized labor in general, and union members)

Late Tuesday night, a Washington-based blogger for The Economist who covers U.S. politics posted a several-paragraph takedown of Romney’s op-ed published that morning in the Detroit News.  I learned of the op-ed yesterday when I read a then-two—day-old entry about it by Matthew Yglesias (not a favorite of mine, but I’ll leave that subject for […]

Keynes vs Modern Macroeconomics

This might be a mistake, but I am bringing a discussion from my personal blog over here (links after the jump). I have a challenge. Can anyone think of a useful insight in macroeconomic theory which isn’t clearly stated in “The General Theory of Employment Interest and Money” ? By “useful” I mean that it […]

Clarification (my final one, I hope)

I just want to clarify again that the title of my original post, “Breaking news: Bain Capital wanted to lend money to GM and Chrysler for managed bankruptcies,” was intended as facetious, and that I had no idea that there was a recent report, rescinded as it turns out, that Bain Capital had been involved […]

PR firm and the election

This article Billionaire Romney donor uses threats to silence critics by Glenn Greenwald caught my attention given the amazingly quick reaction (in my opinion) to Beverly Mann’s post Breaking news: Bain Capital wanted to lend money to GM and Chrysler for managed bankruptcies. Beverly  mentioned Bain Capital instead of Bain Consulting in the title. Also […]

The relation between high college tuition and low state funding of higher ed: the right’s austerity agenda

by Linda Beale The relation between high college tuition and low state funding of higher ed: the right’s austerity agenda  As certainly everyone should be aware by now (after almost 20 Republican candidate debates and months of negative campaign ads), the GOP candidates all think that we need to prescribe an austerity budget for state […]

Even critics of the safety net…

This article in the New York Times (Even critics of the Safety Net) presents a gentle desription of some voter feelings about the political and economic ‘issues’ of this economy and election. I have a lot of different feelings about the description of people interviewed. The current media surrounding the election campaigning does not allow […]

Does economic blogging matter?? Part one

Angry Bear was started by its namesake in the latter part of 2003, and continued publishing through the editorial efforts of Mike Kimel and Dan Crawford over the last six years (see About page).  Mark Thoma at Economist View approaches the role of econblogs through pointing to the disconnect between academics and public use of the […]

Has America Lost its Drive?

Yesterday,  Karl Smith posted on Oil and the Structural Recession.  This seems to be one of Karl’s thinking-out-loud posts, with more questions than answers, some convoluted reasoning, and a conclusion that higher gasoline prices are in our future.  If I read him right, this will be due to a demand pull. He included this graph […]

Euro Area Portfolio Flows

by Rebecca Wilder Euro Area Portfolio Flows Today the ECB released the Euro area balance of payments for December. This is a statistical release that is worthy of only the biggest data geeks – but it is quite interesting, especially in forming relationships between FX and capital flows. I’ll demonstrate what’s been going on in […]