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

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 […]