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    American Oligarchs

    December 8, 2011

    I read in Salon today that Sylvia Allegretto, at UC Berkeley, has done a calculation showing that six members of the Walton clan, heirs of Sam Walton, WalMart’s founding father, have a combined wealth of $69.7 billion. They worked hard to get that inheritance. They are job creators because of all that hard work. They […]

    Economics / jobs, stimulus, unemployment /

    Unsound Bites

    December 8, 2011

    It’s been a long day. So at first I thought I must have misunderstood the meaning of today’s Republican prevention of action on unemployment. I didn’t. And that’s sad because it was stupid. Here’s the unsound bite: The GOP is trapped. The payroll tax cut introduced a while back is up for renewal. In general […]

    Economics / economic theory, government spending, Greg Mankiw, marginalism, stagnation, Tyler Cowen /

    Cowen’s Stagnation Muddle

    December 8, 2011

    Tyler Cowen created quite a stir earlier this year with his depressingly entitled “Great Stagnation”. He issued it as an electronic book, but such was the fuss that it was later published in the old fashioned way. I am ashamed to say I bought it only when the paper version was available. In a way […]

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