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    Commentary, Economics /

    Sideways, Surplus, and Structural Problems

    May 10, 2012

    The economy sidles along. Sideways has become the constant theme this year and none of the news contradicts the notion that our malaise will linger. In view of the lack of leadership from Washington – the never ending American election cycle militates against actually doing anything other than run for re-election – we cannot expect […]

    Commentary, Economics /

    Back To The Future We Go

    May 2, 2012

    Not only have I had little time to make a comment on the state of the economy, but there seems to be little point either. Things are steadily slipping backwards from the mild improvement we saw a few months ago. We remain becalmed, leaderless, and clueless. It has become depressing talking about the systemic failure […]

    Commentary, Economics /

    Social Economics

    April 19, 2012

    That got your attention. One of the great things about moving house is that you are forced to confront the pile of accumulated stuff on your desk: it has to go one way or another. At least that’s my challenge. Wading through notes, papers, reminders, and scribbles that now mean nothing can be tedious, but […]

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