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

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Going Galt – Present and Past

…this: one party advocates policies that produce rapid economic growth, and one part dismisses those policies with epithets like “socialism” and advocates instead policies that produce dismal economic growth. And…

Really Implausible Economic Arguments

economic arguments are those to be found, here Alessandra Pelloni and Robert Waldmann (1998) “Stability Properties of a growth Model,” Economics Letters, vol. 61 pp 55-60. (that’s a model of…

Politically Motivated Biased Censoring

…claim to an economic legacy rests with his claim that he set out to balance the budget, succeeded, and this led to lower interest rates which led to the economic

Economic trouble

…to be 6.5% of GDP. That was their first economic plan. A recession came – they blamed it on Clinton and 9/11 and pushed through tax cuts, and more tax…

Weakest Economic Recovery

From the Saturday NYT story by Floyd Norris. Just to preclude the comments, this is from the economic bottom, so it does not include the recession Bush inherited….

To the heart of the chant on tax cuts

…democracy has historically played a pivotal role in the rise of social expenditures; and that social spending has not gravely weakened economic incentives and long-term economic growth, despite the drumbeat…