Krugman recently presented this graph, showing household debt as a percentage of GDP. and made this comment. Second, a dramatic rise in household debt, which many of us now believe lies at the heart of our continuing depression. There are those who seem to believe that if Krugman says it, it must be wrong. Here […]
The times are tense and tempers fray…I found this little snippet funny in a way that fits the times. I don’t know where it came from, but would love to know.
Various pundits have been putting forward candidates for the big human crisis confronting us. They all agree that something is, but can’t settle on one or another. Throw a dart. Is it human rights? Terrorism? How about “the economy?” Not many people talking about the fisheries, though you could make a good case for a […]
by Divorced one like Bush So, American’s put an intellectual in the president’s seat. It’s been called pragmatism. We cheer the return of science and thus critical thinking to our politics. Yet, here we are at the cusp of the next great societal character development issue since we figured out after the depression there was […]