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Category Archives: Economics

It ain’t so, Joe

Friday, July 26, 2013

I got an email recently from my esteemed Congressman defending (or at least I saw it that way) his vote on the recent Student Loan bill. First, let me say that I know Joe has worked hard on this, and I’m sure he’s disappointed with the final “bi-partisan” (fear that word) product. He voted for […]

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High tech wage slaves needed because we Americans are all studying art history

Thursday, July 18, 2013

I was only mildly surprised that this article appeared on the Washington monthly website. It’s a generally good site, but there is an establishment bent that can’t be denied. The article is by Robert D. Atkinson, President of the Information Technology and Innovation Foundation. One suspects an industry front group, but lets put that aside. […]

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Mea culpa

Sunday, June 9, 2013

A day or two ago I penned a short post about a study that showed that inequality in the United States was a result of deliberate governmental policy. The point I tried to make, in a more or less humous vein, is that it doesn’t take a study to make that finding; the facts are […]

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Fresh from the Department of Redundancy Department

Thursday, June 6, 2013

David Cay Johnston, Pulitzer Prize winner and former New York Times reporter on economic issues, analyzes a recent study of wealth among five nations among those with the richest economies and concludes: “In short, what the paper shows is this: Inequality is a product of government policy.” (via Widening Economic Inequality in United States Is […]

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Fuzzy logic

Thursday, May 16, 2013

Much like fuzzy math, except this time it’s really fuzzy, not fake fuzzy like Bush’s. In this morning’s Times, writing on behalf of the usually superb ProPublica, Jesse Eisenger defends the hedge fund guys that have been attacking the Fed and takes to task the economic bloggers that have been having a field day making […]

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Friday Night Bonus Video

Friday, April 26, 2013

Stephen Colbert destroys Reinhart and Rogoff, in two parts: Part Two: What a strange world we live in. The comedians are the only ones who tell us the truth. If you’ve been following this controversy you may know that the New York Times has given the duo two columns today in which to defend themselves […]

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An economic theory, revisited

Friday, April 26, 2013

Paul Krugman grapples with the baffling fact that austerity continues its grip on policy when it has been proven ineffective time and again: Part of the answer surely lies in the widespread desire to see economics as a morality play, to make it a tale of excess and its consequences. We lived beyond our means, […]

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Nothing to see here

Sunday, March 24, 2013

Matt Stoller writes: Earlier this week, the House Ag Committee marked up some bills deregulating derivatives. I don’t think they were expecting anyone to really notice, but there was a bunch of press on what they did. The next step in the legislative process is for the House Financial Services Committee to look at the […]

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Graphing inequality

Tuesday, March 5, 2013

No time to actually post anything, but I thought I’d pass this along, which I saw here.

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Thursday, February 28, 2013

One would like to think that local media, including local independent newspapers, would be immune from the disease of beltway centrism, but at least in the case of the New London Day, that’s clearly not the case. Today’s Day channels the Washington Post. A basic requirement for beltway punditry is that one must operate in […]

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