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    Economics / austerity, economic theory, government spending, growth, Keynes, Obama, Republicans, Social Security /

    Monday Blues

    June 10, 2013

    Meanwhile back in the economy … I read with some amusement that Standard and Poor’s, part of the axis of evil that brought us the crisis, has now announced that it sees a brighter future for US government debt. It thus re-affirms its AA+ rating for that debt and spoke of the strengthening economy and […]

    Economics / austerity, economic policy, fiscal cliff, GDP, government spending, growth, Obama, Republicans, Simpson-Bowles /

    The Debt Non-Problem

    June 6, 2013

    You may have missed it but we are fast approaching yet another deficit/debt ceiling showdown. The real fight will be this fall, but the early posturing is beginning. As usual all the serious people in the media and elsewhere will be chiding the White House for its apparent lack of leadership, where ‘leadership’ means giving […]

    Economics /

    Say? McCloskey

    June 5, 2013

    Getting back from a break is always tough. In our current economic climate I am finding it even more difficult than usual. Nothing much changes. Growth is so-so – I found last week’s headlines hilarious when first quarter GDP was revised down. Some in the press screamed  about things being much weaker than originally estimated. […]

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