Hahaha!
It was quite uncalled for to point out that Italy’s debt ratio has jumped to 130pc of GDP, or to so suggest that debt cannot keep rising on a contracting […]
What Exactly Is So Objectionable About Obamacare? – Seeking Alpha
We don’t want to meddle into domestic policy debates, but now that these are threatening economies and investment portfolios worldwide, outside observers and investors have a right to ask some […]
The Keynesian Slump – Seeking Alpha
Well the latter is obviously not happening, for whatever reason, there remains ample slack in the economy in terms of unused production capacity and unemployed and underemployed workers. An Associated […]
Self-defeating austerity?
Their argument is that in the current environment of near-zero interest rates, fiscal deficits are unusually cheap to finance and monetary policy is not going to move to offset much […]
Rising inequality destroys the economy
I earn 1000 times the median wage, but I do not buy 1000 times as much stuff. My family owns three cars, not 3,000. I buy a few pairs of […]
Europe to follow Japan’s Abeconomics?
Budding growth in the Japanese economy, just as a recession in Europe digs in, is renewing pressure on European policymakers to shift course from austerity to stimulus via Europe to […]
Liberal Versus Conservative: A Tale Of Two Economies – Seeking Alpha
Many liberal economist argue the economy is in such a special state (called a liquidity trap or a balance sheet recession) while many conservative economist keep on applying what we […]
A Simple Graph That Should Silence Austerians and Gold Bugs Forever
Economics isn’t like a science were you can run simultaneous experiments with control groups. But the last five years have been pretty darn close to a global stimulus experiment. via […]
IMF lessons from the financial crisis
The big lesson that this crisis forcibly brought home—one we should have long known—is that economies are not necessarily efficient, stable or self-correcting. Joseph Stiglitz via IMF lessons from the […]
The Power of Macro-101
Basic macroeconomics made some very counterintuitive predictions about the effects of those shocks. Unprecedented budget deficits, the model said, would not drive up interest rates. A tripling of the monetary […]