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Commentary: Hawk or Dove? Nirvana or Real World? Our Choice

Dante must have had something very much like this in mind as he wrote. Ours is not a descent into hell of course, unless you are one of the unfortunate unemployed being cast aside as an unwanted statistic. No, ours is a descent into economic insanity. And you have a choice before you: abet that […]

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Why Money? A Light-Hearted Response to Paul Davidson

Say what? I know, you all think I am nuts. Not content with bashing away endlessly at my fixation with Coase and his simple question, now I am asking an even more ridiculous one. Why money? Actually it’s not my question, but was posed by that sly Paul Davidson in a comment on one of […]

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Jobs and Job Creation

Please do not get excited over this morning’s report of a 40,000 drop in new claims for unemployment assistance. It is largely fiction. The weekly total was 404,000, which is much better than where we were a few months ago, but is nowhere near where it needs to be for us to argue strong job […]

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