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    Error Correction and Ethics

    April 17, 2013

    You probably have missed it, but there is a major furor within the economics profession concerning the findings of an academic paper written by Carmen Reinhart and Kenneth Rogoff in 2010. The profession issues a torrent of papers annually, most of which remain scarcely read and massively under-appreciated. Probably deservedly so since the sole objective […]

    Commentary / austerity, plutocracy /

    Obama’s Centrism

    April 11, 2013

    Let’s keep this quick today: Right on cue the Republicans have criticized the Obama budget as being an ‘attack on the elderly’. You and I saw this coming. Apparently the White House did not. Or at least they thought they could offset the criticism by appealing to high minded centrists by representing the Obama budget […]

    Commentary, Economics / austerity, economic policy, monetary policy, Obama, Republicans, Social Security /

    Obama’s Pointless Budget.

    April 10, 2013

    What, exactly, is the point of the Obama budget released today? We all know that, in the context of the American political process, it has very little – make that zero – chance of being enacted. People more astute than I tell me that it is a political statement. A matter of positioning. It is […]

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