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    Economics / deficits, Federal Debt, federal deficits, fiscal policy, health care, Reagan /

    Funny Math: Federal Debt Style

    March 30, 2010

    Politics can intrude all over the place. No more so than in the aftermath of the great health care fracas. The losing side seems hell bent on stirring up anger over the legislation and, equally, on totally misconstruing it. The simple fact is that the health care reform as it has been signed into law […]

    Economics / exports, GDP, imports, jobs, Karl Marx, trade, trade balance, trade deficit /

    Trade: A Defense

    March 25, 2010

    There has been an ongoing discussion sub-text throughout the entire crisis and recovery cycle I think we need to surface and make more explicit. That is the role of trade in our economy. There was not much reaction to President Obama’s recent commitment to expand US exports as a way of creating jobs. For some […]

    Economics / jobs, recovery, unemployment /

    Jobs: More Shuffle

    March 25, 2010

    Today’s weekly report on new claims for unemployment insurance don’t tell us much. The data shows a drop of 14,000 to 442,000 last week, but mot of that gain comes from a change in the seasonality adjustment which has been re-calibrated. That makes it tough to tell whether the improvement is a statistical quirk or […]

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