Category Archives: Economics

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

A famous Democrat once said . . . FDR on why widespread unemployment is a matter of highest national urgency

In his Fireside Chat of September 30, 1934, President Franklin D. Roosevelt said: Those who say that our expenditures for Public Works and other means for recovery are a waste that we cannot afford, I answer that no country, however rich, … Continue reading

Posted in Economics, History, Income inequality, Politics, Presidential rhetoric | 1 Comment

A famous Democrat once said . . . William Jennings Bryan edition

William Jennings Bryan’s “Cross of Gold Speech” is unfashionably populist and quite divisive by today’s standards, particularly in his derisive references to “idle holders of idle capital.” But as a description of the contrasting economic approaches of the two parties, … Continue reading

Posted in Economics, History, Politics, Presidential rhetoric | Leave a comment

Financial markets do not yet understand that the Germans have not done — and are unwilling to do — what is needed to save the Euro

Recent sighs of relief about the European Union getting its economic act together are, at best, premature. And Ambrose Evans-Pritchard argues that a correct reading of the tea is that Germany will not take the necessary steps to save the union: Judging … Continue reading

Posted in Economics, Europe, Financial markets, News, Politics | Leave a comment

New study debunks the myth that coal is cheap, and that greater reliance on it would promote economic growth

Brad Johnson: A new economic analysis of the costs of pollution to the United States finds that coal power is harming the economy. In the American Economic Review article “Environmental Accounting for Pollution in the United States Economy,” economists Nicholas … Continue reading

Posted in Economics, Environment, News, Regulation | 1 Comment

Warren Buffett is bullish, opposes further monetary or fiscal stimulus. Dissenters abound.

I hope Buffett’s right. Bloomberg: . . .  As for the U.S. economy, Europe’s debt crisis is bound to have some fallout, he said. Still, the impact on the U.S. will be nothing like the 2008 credit crisis, Buffett said on … Continue reading

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