Category Archives: Economic policy

Woz Larry Summers who dunnit

If I were king, I’d send any advisor who did this to me off to a life cleaning the royal chicken coops: Noam Scheiber: The Memo that Larry Summers Didn’t Want Obama to See, by Noam Scheiber: …Last month,… Ryan … Continue reading

Posted in Economic policy, Economics, News, Politics, Unemployment | Leave a comment

Fed Chief Bernanke to GOP legislators: stop sabotaging the economy

Kevin  Drum (via Professor DeLong): Bernanke to GOP: Stop Sabotaging the Economy: From Ben Bernanke, in testimony before Congress today:  The recovery is close to faltering. It’s good to see that someone is noticing. In Bernanke’s prepared remarks, after noting tight credit, … Continue reading

Posted in Business, Economic policy, Economics, News, Politics | 1 Comment

Europe likely to get lots worse before it gets better

The Standard and Poor’s 500 index is up more than 2.3% on the day “on Europe optimism,” says Bloomberg’s headline. But Bloomberg is guessing. All we really know is that there were more buyers today than sellers of the stock in … Continue reading

Posted in Economic policy, Economics, Europe, Finance, News | Leave a comment

Commodity prices are confirming Krugman’s predictions.

To the pile of Paul Krugman’s accurate predictions add this one: he’s long said that there is no threat of enduring, significant inflation and none is on the horizon. He’s pointed out that the surge in commodity prices is due to … Continue reading

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How “poor” are the poor: does the GOP claim that poverty is no big deal hold up?

Quantifying poverty is a harder problem than it ought to be, in that there are at least eight different Census Bureau poverty measurements, all yielding different answers. The imperfections behind the “15.1 percent in poverty” have led the conservative Heritage Foundation … Continue reading

Posted in Economic policy, Economics, Income inequality, News, Politics, Poverty, Unemployment | Leave a comment

Republican, David Frum, on the GOP’s odious attempts to intimidate Bernanke

Conservative Republican, David Frum — once a writer of editorials for the Wall Street Journal — lambasting the GOP’s latest effort to pressure Bernanke into keeping the economy down: I’m not shocked by much any more, but I am shocked … Continue reading

Posted in Economic policy, Economics, Inflation, News, Politics | Leave a comment

Mark Cuban on wealth, patriotism, and taxes

Mark Cuban, owner of the Dallas Mavericks: . . . Go out there and get rich. Get so obnoxiously rich that when that tax bill comes, your first thought will be to choke on how big a check you have … Continue reading

Posted in Economic policy, Economics, Government social programs, Income inequality, News, Politics | Leave a comment