TPP

I’m pretty shocked to see someone, especially a public economist, ask a question like this:

But it’s just another example of how the specifics have flown under the radar, or been dismissed because it’s just another trade agreement.

Everyone should read this.

Posted in Economy, Politics at April 23rd, 2015. Comments Off on TPP.

Beyond failure of regulation

“It used to be if you wrote a memo, they had to stop, because now there’s proof that they knew what they were doing,” she says. “But when the Justice Department doesn’t do anything, that stops being a deterrent.

Posted in Economy at November 7th, 2014. Comments Off on Beyond failure of regulation.

Root Strikers

I don’t want to be melodramatic about this, but it could seriously be the most important idea of the last few decades.  It’s bigger in scope than the Move to Amend plan, and it’ll take time to see which is more achievable.

There are a thousand hacking at the branches of evil to one who is striking at the root.  – Henry David Thoreau

Posted in Economy, Politics at January 23rd, 2012. Comments Off on Root Strikers.

Economy, #OWS and ‘Recovery’

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Corporate profits bounced back impressively since 2009, but between June 2009 and June 2011, real household median income fell 6.7 percent.

When you read things like this, is it really so surprising that people are marching in the streets?  The economy is recovering slowly, but with weak job growth and hard credit it’s only helping those that were already doing ok.

What I’m really afraid of is that this is still too positive for the opposition and we’re due for another debt-ceiling-like event to shake confidence.

Posted in Economy at October 14th, 2011. Comments Off on Economy, #OWS and ‘Recovery’.

Countdown to Default?!?!

Dear CNBC:

I’m writing to let you know I’m quitting you.  For 10 years watching every morning I’ve let you get away with a lot of stuff, but this is too much.   This was two hour long commercial for a political agenda.  Letting someone say that we’re frozen by  ‘regulatory activism’ when we’re coming out of a crisis of regulatory failure, talking about our ‘debt crisis’ when our financing costs are at historical lows, calling debate about a joke of a budget demagoguery , I could go on and on.

I’m not sure what I’ll watch instead but there’s got to be something better.

Posted in Economy at June 20th, 2011. Comments Off on Countdown to Default?!?!.

Orcs v. John Galt

There are two novels that can change a bookish fourteen-year old’s life: The Lord of the Rings and Atlas Shrugged. One is a childish fantasy that often engenders a lifelong obsession with its unbelievable heroes, leading to an emotionally stunted, socially crippled adulthood, unable to deal with the real world. The other, of course, involves orcs.

Posted in Economy, Politics at December 29th, 2010. Comments Off on Orcs v. John Galt.

Deja Vu on Politics & the Economy

I’m not going to claim to have invented this, but more and more people are starting to talk about it.

Posted in Economy, Politics at November 16th, 2010. Comments Off on Deja Vu on Politics & the Economy.

Focusing on the Fed’s QE is the wrong enemy.

The true problem is the return of neo-liberal thought and policy that is dominating debate, and the financial and political elites that are using this return to push their own destructive agendas.

Posted in Economy, Politics at November 15th, 2010. Comments Off on Focusing on the Fed’s QE is the wrong enemy..

Present Value is a Leftist Plot

Frankly, I’m not sure how wonkish the debate about this article is, but it’s both hilarious and disturbing.   The fact that our press, the people who are supposed to keep us safe from abuse, can’t even understand first-year concepts makes me fear for the future.  This from a source that isn’t supposed to be biased and claims some knowledge of the subject (Business and Economics Editor).  From the mainstream source of The Letter from Birmingham Jail.

And the best part is that she continues to be wrong in the comments of this story.  Very, very wrong.  Treating savings like it only counts if you have a passbook, not as an economic concept that can be positive or negative… that’s what the average person on the street would do, but it’s no way to lead a technical debate.

Posted in Economy, Politics at September 10th, 2010. Comments Off on Present Value is a Leftist Plot.

We’re not quitters

My immediate take on this contrast was, Bush is really gone.

It’s not supposed to be about politics in a crisis like this, but getting us out of this means that we frame the debate a certain way, and that is politics. His turning attention to people doing the right thing, and asking that we do the right thing, rather than distracting us with some sort of feel good circus (not to take anything away from Sullenberger et al) makes me think we might have a chance.

Posted in Economy, Politics at February 26th, 2009. Comments Off on We’re not quitters.