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Weak, Very Weak Jobs Report

At this rate Obama will not be re-elected. At this rate he doesn’t deserve to be. Then again the Republicans present and even more dire prospect. Will no one rid us of this malaise. My reaction to this morning’s very weak jobs report – the US added a meager 69,000 jobs in May – is […]

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Economic Drift

We are at sea. Adrift. Going nowhere. Wallowing about with little direction. Not sinking. Not soaring. Just floating. Just. Today’s GDP numbers validate the view that our economy is all of the above. The economy grew at a 1.9% rate rather than the previously announced 2.2% rate. The next few quarters look set to follow […]

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The Davidson Challenge

Paul Davidson has, for a long time, been a stalwart of non-orthodox economics. He plugs away gamely proselytizing what is called Post-Keynesian thought. For those of you unaware of the nuances and differences within economics, the Post-Keynesians see themselves as the true keepers of Keynesian thought and disparage the more recent school of Keynesians gathered […]

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