Economics Roundtable
The Problem - I
Calculated Risk has the clearest picture of the problem we face.
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The Problem - II
Calculated Risk adds the the clearest picture of the housing tailspin.
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Special Topic 8/4/10
This week, the Roundtable will feature a special listing for reaction to the payroll employment figures from ADP on Wednesday and the BLS on Friday.
ADP: +42,000
BLS: -131,000/+71,000
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Special Topics 6/28/10
This week, the Roundtable will feature special listings for reaction to Wednesday's
CBO budget projections and the
payroll employment figures
from ADP on Wednesday and the BLS on Friday.
ADP: +13,000
BLS: -125,000/+83,000
CBO: Take your pick.
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Current Economic Conditions 6/5/10
James Hamilton summarizes the situation.
EconModel
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Econ. Dreams - Econ. Nightmares
Economic Dreams - Economic Nightmares
“A growing nation is the greatest ponzi game ever contrived. - Paul Samuelson
Growth for the sake of growth is the ideology of the cancer cell. - Edward Abbey”
Dave Iverson
I have been keeping an eye on various proposals to "reinstate" Glass-Steagall for quite some time. Sometime I ought to post a more comprehensive list as to who is in favor (and in what sense) and who is opposed. Clearly the folks at New Economic Perspectives (from Kansas City ...
Over at Fed Watch, Tim Duy reminds us to be keenly aware of the subtleties of international finance--and simpleton thinking that there are quick fixes. If everybody tries to export their way out of their finance problem all will lose. So too if even a bunch of countries try. It ...
I've been thinking about the public debt problem lately. Is the problem really a non problem or at minimum a problem of creeping gradualism, as many Keynesians seem to argue? Or is the problem acute: the next big bubble to burst, as argued lately by Doug Noland in various posts ...
When Garrett Hardin first proposed The Tragedy of the Commons, Science Dec. 1968, he used an example of nomadic herdsmen overusing land held in common without the "protection" of property rights. The problem posed by Hardin was that without some kind of social contract to prohibit over-selfishness, each individual ...
Last Friday, Bill Moyers sat down for an hour with Simon Johnson and James Kwak (authors of The Baseline Scenario and 13 Bankers. Watch it in two parts here. The topic of the day was (and will continue to be for the next month or so) financial regulation ...
The old saying, "Power tends to corrupt, and absolute power corrupts absolutely," rings true once more as we see ever-more-clearly what Goldman Sachs has been up to recently, whether it be the Greece mess or their center-stage presence in the US financial implosion, with the latest chapter being ...
Months ago I promised to keep tabs on financial regulatory reform measures. Well, I've tried but it is not easy — and I've been distracted (and generally depressed by American US culture and politics). Today I begin anew, and renew my promise by referring readers via "snips" to ...
Today I found this from Ambrose-Evans Prichard, Telegraph:
The long-simmering clash between the world's two great powers is coming to a head, with dangerous implications for the international system. China has succumbed to hubris. It has mistaken the soft diplomacy ...
I have been struggling with economics and economists for many years—I'm a slow learner. Recently I have been trying to figure out neo-chartalists and neo-monetarists, and watching their interchanges on the blogs. [Note: I need to quit using "neo"]
Today I want to focus on the Chartalists (Wikipedia). I want ...
L. Randall Wray has been a long-time critic of orthodox monetary economics and US economic policy. Recently he continued his crusade in a paper titled Alternative Approaches to Money [pdf], Theoretical Inquires into Law (11:1), January 2010. Wray is among many Chartalists (Wikipedia) who are active both in ...