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    Economics / austerity, economic policy, GDP, government spending, growth /

    The Austerity Flop

    September 24, 2013

    A very quick thought: The obsession with the federal deficit is misleading if you want to consider the effect of austerity here in the US. State and local government makes up a very sizable chunk of total government spending, and is, obviously, beyond the control of Washington. That means fiscal policy can be altered by […]

    Commentary /

    American Extremism

    September 19, 2013

    The great English Radical, William Cobbett, once said “I defy you to agitate a fellow with a full stomach”. Economic security and wellbeing make for a very comfortable if not complacent populace. Perhaps the contrary is true. Perhaps the source of our current malaise and the extremist threat to our democracy embodied in the Tea […]

    Commentary /

    Anniversary Blues

    September 18, 2013

    Well now. I hope you all feel a lot better. The crisis engulfed us five years ago. Since then … Welcome to the new boss, same as the old boss. Not much is different except the public is more disaffected than ever. Policy ranges between inept and horrible. And the front pages in the business […]

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