Stimulus Misdirection
In the past few days, there has been mounting discussion in the political class about some sort of "stimulus package" that should be conjured up in Congress to try to bolster the economy. Today,...
View ArticleStimulus Misdirection
In the past few days, there has been mounting discussion in the political class about some sort of "stimulus package" that should be conjured up in Congress to try to bolster the economy. Today,...
View ArticleIt Was A Recession Long Ago And May Get Uglier
Readers of this blog know that I have been pointing out for a long time that the majority of Americans have been in recession for a long time–it was partly masked by the housing bubble, which...
View ArticleThe Great Convergence: China, India Eating Our Lunch
While a bunch of elected "leaders" engage in a childish game of theater (reading the Constitution), while we flush down the toilet trillions of dollars in wealth on immoral wars, while one half of the...
View ArticleRedux: The Coming Corporate Raid On The U.S. Treasury
Got crabs? Cut corporate taxes. Can’t get your kid to eat spinach? Cut corporate taxes. Worried your skin it too dry? Cut corporate taxes. And, then, of course, want the economy to be more...
View ArticleDisasters Are Good For The GDP
The tragedy in Japan is real and the loss of life truly sad. But, there is one other piece of knowledge to glean today that is a long-term keeper: how disasters are GOOD for the Gross Domestic...
View ArticleAusterity Works!…In A World Where Leaders Want Stagnation
I often fear I am going to be injured–a victim of the adult "shaken head" syndrome. It’s the syndrome I think many of us are afflicted with–you wake up every day and read some stupid-ass comment or...
View ArticleYeah But Where Are The Workers?
This is sort of the tree falling in the woods analogy — if you grow but there isn’t work, did you know you grew? Factories are humming apparently: Bucking fears of a sharp brake on growth after the...
View ArticleShort-Term Hype On The Economy
Yipee, it’s up, the economy is “rebounding”, smile, celebrate…uh, well, not so fast. The cheerleading: The United States economy rebounded heartily in the spring after a dismal winter, the Commerce...
View ArticleEpisode 156: The False Gods of Economic Growth; Brianna Wu Looks To Take Down...
Anyone remember that TV advertisement that Merrill Lynch used to have, with the big bull trotting along a beach? I’m reincarnating that bull today for a pretty simple discussion: what is economic...
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