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Category Archives: Economics

Everyone else must fail

Sunday, June 10, 2012

  Today’s Boston Globe reports that young people are not buying homes, and that their failure to do so will have negative impacts on the economy. The article comes complete with the required profile of an atypical exemplar of the affected class of people, a young woman who, at least implicitly, actually has the ability […]

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None so blind

Monday, May 28, 2012

Paul Krugman observes in his blog that we are being subjected to a new, and far more pernicious, kind of political correctness. Remember the furor over liberal political correctness? Yes, some of it was over the top — but it was mainly silly, not something that actually warped our national discussion. Today, however, the big […]

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Capitalist speaks truth, is muffled

Thursday, May 17, 2012

Nick Hanauer, and I have no idea who he is, though he is apparently rich, made some wholly obvious points during a TED lecture. Naturally, this led the folks at TED to try to block distribution of his talk, apparently on the grounds that it would hurt the fee-fees of other rich folks. Some might […]

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Some British Businessfolks waking up

Monday, May 14, 2012

A while back I wondered why it was that the Best Buys of the world (or at least, of the USA),were not demanding stimulus. Well, so far as I know, nothing has changed here, but according to Atrios, the business world in Britain is beginning to wake up to the fact that when no one […]

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Yet another anti-corporate rant

Sunday, May 6, 2012

Yesterday my wife and I went to Best Buy to replace a dead cordless telephone. This led to a conversation about the fact that I’d recently read that Best Buy isn’t doing too well lately, and is trying to make sure it does not follow the trajectory of Circuit City. This, in turn, got us […]

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Taxing the rich

Tuesday, April 3, 2012

Anyone who has read this blog faithfully, and there may be one or more people who have, know that I’m a big fan of high tax rates on the rich. So it was with much satisfaction that I read this post by Paul Krugman, in which he explains, using math I cannot understand, that the […]

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Tax the Rich-it’s our moral obligation

Friday, January 6, 2012

I missed this post by Brad DeLong when it was first written, but came across it recently and just had to pass it along. He cites to the work of two economists, Emmanuel Saez, and Nobel laureate economist Peter Diamond, who prove that we should be taxing the rich at a 70% rate: It is […]

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Europe Follows our lead

Thursday, December 22, 2011

Floyd Norris, who usually, so far as I can see, makes sense, notes with approval that the European Central Bank has found a way to delay the day of reckoning in Europe: In recent weeks, the new president publicly insisted the central bank would never do any of the things that Germany opposed. The bank […]

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Miracles do happen: bought and paid for politicians looking at a financial transactions tax

Wednesday, December 7, 2011

Sometimes the stars align, and what once seems far fetched suddenly becomes possible. For years people like Dean Baker and Paul Krugman have been recommending a financial transactions tax. It brings in immense amount of revenue, discourages useless and non-productive speculation, and has negligible impact on people who are buying stocks for actual investment. Since […]

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Bank of America getting ready to stiff American taxpayers again

Friday, October 28, 2011

Matt Taibbi is urging Occupy Wall Street to encourage people to pull their money out of the big banks, starting with Bank of America, which has just, apparently legally, and with the encouragement of the Fed, just offloaded trillions of dollars of bad bets onto the taxpayers. Obviously Goldman, Sachs has become the great symbol […]

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