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    Commentary, Economics /

    A Dilemma

    July 16, 2013

    The recent crisis, and our not very good policy response, lingers on. The damage to ordinary people’s lives amounts to a hidden disaster that will take years to mitigate. The economics profession – and I use that word loosely because a true profession monitors itself better than economics does – has been shown as inept, […]

    Commentary /

    Farms and Food Stamps

    July 15, 2013

    I was going to break my summer silence to comment on an extraordinary example of modern Republicanism today, but Paul Krugman beat me to the punch. Read his op-ed piece in today’s New York Times. I am sick of hearing from Republicans I know about the ‘waste’ in government. That waste is invariably caused, in […]

    Economics / economic policy, GDP, government spending, growth, job creation, jobs, unemployment /

    Employment Numbers: Endless Drift

    July 5, 2013

    This morning we have been treated to an odd spectacle. Wall Street was very wrong about the number of jobs generated by the US economy last month, and is now scratching its head about what it all means. First the figures: the economy added 195,000 new jobs to non-farm payrolls in June. Moreover, both the […]

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