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    Economics / austerity, economic policy, government spending /

    Balancing Act

    January 23, 2013

    On last comment on what has been a busy day. People seem to forget the consequences of accounting. Stuff has to balance. Debits and credits. To and fro. Up and down. Action and reaction. To which we can add: private and public. One of the features of our discussion over American public finances is that […]

    Economics / economic policy, inequality /

    Inequality

    January 23, 2013

    Or perhaps: Inequality, So What? David Ruccio has pointed to the sudden outbreak of a discussion about inequality amongst some of our leading left of center economists, notably Joe Stiglitz and Paul Krugman. I will not reprise their debate, you can track it down for yourself. My purpose is somewhat different. The distribution of income […]

    Economics / debt ceiling, economic policy, fiscal cliff, government spending, Obama, Republicans /

    Obama: Whither Next?

    January 23, 2013

    There are more than a few of us trying to measure the extent of Obama’s sudden outing as a leader of the progressive cause. After four years of varying attempts to inhabit the supposed grey zone between the two poles of politics he announced, rather forcibly, his allegiance to the left. Perhaps he grew tired […]

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