Peter Dorman at Econospeak brings us another reminder about policy decisions on the economy. Reposted from Econospeak: The Main Point Macroeconomics is complicated and political economy is devilish, so it is easy to get lost in the details. From time to time, it’s good to come up for air—to remember what the fundamental issue is. […]
Seems the austerity thingy is starting to hurt where it really counts. Just read via the AP: … and amid growing concern in Europe that austerity aimed at cutting ballooning deficits may also be choking growth. A dozen European Union leaders, including British Prime Minister David Cameron and Italian Premier Mario Monti, called Monday for […]
Greece and what is happening to it is not getting enough attention. What is happening there, in my opinion is an example of the human race at it’s worse. I do not see the implementation of austerity as an experiment. I see it as just one more step by those in the world controlling banking […]
A good friend and I got into an email debate. He sent me the latest message regarding how wonderful it is that Florida is going to be drug testing welfare recipients. I responded that I’ll consider the policy when we start testing all the CEO’s who get welfare for their sector of the economy, the […]
The President of the Federal Reserve Bank of Philadelphia: We have been putting out credit in a period of depression, when it is not wanted and could not be used, and will have to withdraw credit when it is wanted and can be used. But this is not Charles I. Plosser, no matter how similar […]
We are taking a little side trip inthis series of defining rich based on the prior tax rate schedulesbut, this post is keeping with the process of looking at history formarkers as to the definition of rich. For any new readers, I believeas a society we knew and had definite boundaries as to what definedrich. […]
by Rebecca Wilder European Daily Catch: Unemployment and Retail Global labor reports prevailed today, but the US employment report took center stage. I’ll not comment on that report, so as to keep with my generally all things European theme here at The Wilder View. However, a quick sift through my feed reveals rather cynical takes: […]
by Daniel Becker (This is a long post. The time for sound bite debate to the demise of learned discussion is over for we are flirting with danger.) Via a post at Financial Armageddon I learnt of a paper looking at the relationship of austerity implementation and social unrest. It is recent, dated August 2011. […]
by Daniel Becker Being that we’re about to experience austerity because we are convinced we can’t spend money properly such that we actually end up with more after rather than less … which is very depressing to me and defeatist in presentation, I present my new theme song: That’s how it goes. I just find […]
by Rebecca Wilder What do you want to wager that the IMF’s a bit overly optimistic on the outlook for Greek nominal GDP? Monday, June 27, 2011 Newsneconomics These jokers have no idea what they’re doing. The IMF has overshot the ex-post path of Greek nominal GDP in each and every one of their World […]