…Gulf.” It was a reminder that, more than half a century ago (when it was called the Anglo-Persian Oil Company), the giant oil corporation now despoiling the Gulf of Mexico…

Paul Krugman is direct and to the point this morning: Recessions are common; depressions are rare. As far as I can tell, there were only two eras in economic history…

Michael Hudson at New Economic Perspectives points us to the difference between the overall economy and the financial sector: When politicians let the financial sector run the show, their natural…

…and Hours of Work: Their Contribution to Past Growth and a Projection of the Future” in The Sources of Economic Growth, 1962. In the early 1960s, Edward Denison, the founder…

…share of the income (an even larger share of the economic income–because they benefit much more than ordinary folk from tax expenditures in the Code, from capital gains preference to…

…is correct and so too all of our economic and demographic assumptions about the future’. Well obviously we don’t know what is going to be happening in 75 years, or…

…taxes have increased under Obama whereas in fact they went way down because of the economic stimulus package that Obama and the Democratic Congress pushed through right after Obama took…

…identity disorder as a disease was “meritless”, with no authority whatsoever other than the one expert’s interpretation, which “is flatly contradicted by nearly a half century of caselaw.” Id. at…

Chris Christie moves New Jersey into the 17th century: Christie is cutting $475 million in aid to school districts, $62 million in aid to colleges and $12 million to hospital…

…decisions that China and the U.S. make in the next five years in the coal sector will determine the future of this century.” … When Albert Lin, an American energy…