Maggie Mahar has been has been showcased at Angry Bear in prior years, mainly in regards to healthcare, but has written on many topics with an economic theme. I am happy to announce she has agreed to write for Angry Bear, so please welcome her when her first post or two appears. Of course, readers, […]
Via Taxprofblog comes David Cay Johnston’s Income Inequality Increases as Bank Regulation, Prosecutions Decrease through Reuters, The Taxpayers’ Burden, by David Cay Johnston: These findings about bank failures, income inequality and lack of prosecutions all take us back to the coordinated attempt by the central banks of the United States, Britain, Canada, the European Union, […]
by Mike Kimel The Numbers Behind Newt’s Plan to Balance the Budget Newt Gingrich’s website provides information on The Gingrich Jobs and Prosperity Plan. It starts with this: America only works when Americans are working. Newt has a pro-growth strategy similar to the proven policies used when he was Speaker to balance the budget, pay […]
A really well done basic reading of the employment to population ratio is done by Bill McBride at Calculated Risk, and includes a mention of Paul Krugman’s article on the same topic. It is best to pay a visit to follow the reasoning and the detail involved. The implications are certainly also worth exploring.
Mike Konzcal reviews Lost Decades by Menzie Chin and Jeffrey Friedan at New Deal 2.0: What caused the housing bubble? This is a different, though related, question from what caused the collapse of the financial sector or why unemployment is sky-high right now. Why did housing value skyrocket and then collapse? More broadly, why did […]
A few thoughts from a friend of mine and an introduction from a movie I (run75441) watch each year. “I don’t need 24 hours. I don’t have to talk to anybody. I know right now, and the answer’s no. No! Doggone it! You sit around here and you spin your little webs and you think […]
Newt Gingrich tells the truth. “the individual mandate was originally developed by the Heritage Foundation and others, as a way to block Hillarycare.” Firebaggers argue that the PPACA is conservative, because it is similar to a Heritage Foundation proposal. They neglect to note that the proposal was made in bad faith. The point was to […]
From Boston.com comes news of: Massachusetts Attorney General Martha Coakley is suing five major US banks for allegedly seizing properties unlawfully and failing to help struggling borrowers keep their homes by lowering mortgage payments. The civil lawsuit — filed yesterday in Suffolk Superior Court — targets Bank of America Corp.,Wells Fargo & Co., JPMorgan Chase […]
Brad DeLong (pulled from an otherwise-spot-on post): Two years ago, after all, the recession was over. The Recovery: I started these from the first month after NBER’s recession end date. Note that there is one true, consistent growth line—sadly, that’s the mean (average) duration of Unemployment. If this is victory, Pyrrhus of Epirus had nothing […]