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

Risk = Freedom?

Peter Dorman at Econospeak speaks to the current selling of big idea models of the world (re-posted with permission from the author): There’s a review on the Dissent website by Steve Randy Waldman of Freaks of Fortune: The Emerging World of Capitalism and Risk in America by Jonathan Levy. The book sounds interesting, but it […]

GDP Gap Stuck at 6%

Pro Growth Liberal points us to this interpretation of new economic data: GDP Gap Stuck at 6% Dean Baker gets it right with respect to the latest news on GDP: A sharp drop in government spending, heavily concentrated in defense, coupled with a decline in inventories caused GDP to shrink at a 0.1 percent rate […]

Joe Scarborough on the Deficit

Pro Growth Liberal at Econospeak also takes Joe Scarborough to task on Krugman and Keynes: Joe Scarborough on the Deficit After his interview with Paul Krugman this morning Joe Scarborough wrote: Mr. Krugman’s view is that Americans would be better off if its government ran deeper deficits and ignored its longterm debt.To suggest that Keynesians like […]

The Moral Imperative of a Debt Ceiling

Peter Dorman at Econospeak writes a letter to Bank of America: The Moral Imperative of a Debt Ceiling From this morning’s New York Times: Representative Jerrold Nadler, Democrat of New York, signed on to the trillion-dollar [platinum] coin plan, telling Capital New York: “It sounds silly but it’s absolutely legal. And it would normally not […]

Norquist and LaPierre: Emperors Losing Their Clothes?

Barkley Rosser at Econospeak offers his take on the current political situation and two players. (re-posted with permission from author) Norquist and LaPierre: Emperors Losing Their Clothes? Two figures have held near-dictatorial sway over a majority of members of Congress for several decades: Grover Norquist and Wayne LaPierre.  However, both may be losing their grip […]

"The young will pay more and get less." More Nonsense from Robert Samuelson

by Barkley Rosser  from Econospeak “The young will pay more and get less.” More Nonsense from Robert Samuelson Our old friend, Dean Baker at Beat the Press, does a good job of taking apart yet another screed by the execrable Robert J. Samuelson, faux economist for WaPo, whining about why nobody is jumping on board […]

Tax Policy: You Can’t Handle the Truth

ProGrowthLiberal at Econospeak reminds us of a central tenet myth of this electoral campaign, and an example of political pressure on information sources: Tax Policy: You Can’t Handle the Truth Sahil Kapur reports on something that does not surprise me on two levels: The author of a Congressional Research Service study, who found no evidence […]

What is remembrance for?

I am just catching up with some of the news this week. Barkley Rosser at Econospeak had a timely post on 9/11 ceremonies and reminds us about what we accept as special or inevitably normal: Things More Worthy Of Remembrance Than 9/11 Yes, what happened 11 years ago today was awful and tragic, and there is much […]

The Matrix: The Intersection of War, Economic Theory, and the Economy

Passing along a note from Michael Perelman at Econospeak: The Matrix: The Intersection of War, Economic Theory, and the Economy Vincent Portillo and I are working on a new book, The Matrix: The Intersection of War, Economic Theory, and the Economy. So far it is still remains an exploration rather than a finished research project. […]

PGL on The Romney Economic Boom

PGL at Econospeak begins an analysis of the economists and economics of election promises of Romney’s economic ‘plan?’: Jon Ward reports that Glenn Hubbard, Greg Mankiw, and John Taylor joined with Kevin (DOW 36000) Hassett to produce white paper that should be fun reading for us of all: Mitt Romney’s campaign released a paper by […]