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    Weekly Summary / Obama, plutocracy, Republicans /

    Obama’s Week

    January 25, 2013

    The only point worthy of comment this week was the reaction by the Republicans to Obama’s inauguration speech in which he gave a fairly straightforward defense of expansive government and what used to be leftish social policies. They immediately jumped on its progressive tone and hurled the word ‘liberal’ around as if it were the […]

    Economics / austerity, demand, economic policy, economic theory, government spending, growth /

    Economic Hypocrisy

    January 25, 2013

    It takes a particular type of gall for someone hiding behind the comfort of a cozy tenured professorship to yelp about the way in which unions distort the otherwise – presumably – smooth operation of a mainstream style economy. Apparently one person’s guarantee is another’s structural impediment. This really stinks. It reeks of hypocrisy. It […]

    Economics /

    Normal Confusion

    January 24, 2013

    Like all fevers that gripping Washington will break. I doubt any time soon though. Until then we will lurch from crisis to crisis as the two sides battle for a longer term period of supremacy. Meanwhile for those of you interested in the real world  we seem to have hit a temporary peak. Consumer confidence […]

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