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

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Greenspan Highlight Reel

…likely would be accompanied by some economic stress, though the macroeconomic implications need not be substantial. This was a fairly upbeat assessment of the state of the US economy, I…

…fall. Lower spending means an economic slowdown. And of course, an economic slowdown means that jobs are lost, not gained. The most likely outcome is a mix of these three,…

Read Jeff Madrik

…couldn’t pay their debts. With lower real interest rates and better economic performance, they can pay their debts. So the grip of the I.M.F. has been loosened by economic improvements….

The Legacy of Joan Robinson

…influence of Joan Robinson today is on Post Keynesian economics, or post-Keynesian economics, with her preferring this latter spelling, the British version. Indeed, although I cannot prove it, I have…