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

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A boom in shale gas? Credit the feds.

A boom in shale gas? Credit the feds. By Michael Shellenberger and Ted Nordhaus (hat tip to Barry Ritholtz) Since the high-profile bankruptcy of Solyndra, the solar company that received…

Tim Duy on employment/population ratio

…not be the best explanation for the decrease already in train in the participation rate. “Demographic trends are pushing down, over time, the normal labor force participation rate,” said Michael

Fiction In the Washington Post

by Robert Waldmann (lifted from Stochastic Thoughts) Fiction In the Washington Post I don’t want to make this a daily feature but Anthony Faiola and Michael Birnbaum made it hard…

Barry Ritholtz Eviscerates the Big Lie

…history and shift blame from the bad ideas and terrible policies that created it. In particular, Barry is interested in this: Take for example New York Mayor Michael Bloomberg’s statement…

Peak life expectancy

…namely, that life expectancy is declining. The article discusses some of the probable causes and implications. It interestingly omits rising income disparity as a culprit. We quoted Michael Prowse on…

Comments on Inequality, Leverage, and Crises

…Crises–Kumhof & Ranciere Nov 2010 IMF working paper [guest post by Clifford D. Clark] Michael Kumhof’s and Romain Ranciere’s November 2010 paper relates income inequality to national economic crises, particularly…

Blanket the Earth

…UPDATE: Michael Swanwick shows how easy it can be: It’s Halloween! So Marianne and I went down to City Hall to donate a case of water, a box of granola…