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

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Deja Vu All Over Again, or On the Whole…

…have advanced. *Michael D. Bordo;Claudia Goldin;Eugene N. White. The Defining Moment: The Great Depression and the American Economy in the Twentieth Century (National Bureau of Economic Research Project Report) (p….

Ratings Matter for the Euro Area

…in December 2011. A quick look at my feed shows several takes on S&P’s action: the Economist’s Free Exchange comments on the now soft-core country, France; Michael Schuman hammers out…

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…