Buried in all the news today was the release by the Federal Reserve Board of their survey of household wealth. The full report is here [warning: this is a long document!]: Changes in Family Finances 2004 – 2007 The report is produced every three years so this latest version, which studies the period 2004 to […]

Here’s Barry Weintraub’s response to my criticism of the trimmed down stimulus package: “$780 billion today with 3 Republicans assuring it’s filibuster proof, followed by another $300 billion in a few months without them will add up to what you want and helps propagate the myth that there is a new kind of politics. In […]

OK I am getting really tired of repeating this: a ‘trimmer’ stimulus package is a bad stimulus package. What part of this is hard to understand? Instead we get silly articles like this one in this morning’s New York Times: Details Emerge of a Trimmer Stimulus Bill The gist of this seems to be that […]