It’s time to invest in jobs.
It’s really not that hard. Paul and Brad and their assorted brethren try to dumb it down for the masses, but too often eyes glaze over at even the mention of marginal rates and unemployment extensions, austerity versus stimulus, deficits and debt, stocks, bonds, markets and credit-default-swaps.
The basics are always [...]
Once upon a time, we actually had government by the shareholders. That’s basically what our country was back in 1789: white property owners had the right to vote. No one else did. That was wrong and, over time, we extended the vote to most everyone else. Now they want to turn back the clock to 1789.
Paul Krugman writes this morning about a third Great Depression and the futility of…:
…orthodoxy that has little to do with rational analysis, whose main tenet is that imposing suffering on other people is how you show leadership in tough times. And who will pay the price for this triumph of orthodoxy? The answer [...]
Simon Johnson:
The president should nominate Paul Krugman to replace Peter Orszag as director of the Office of Management and Budget (OMB).
A fantasy. A pleasant fantasy, but it’s not going to happen. Why? Because it’s a good idea.
Hint: it isn’t always the money (or the amount).
Spend ten minutes of your time — you’ll be glad you did.
Hint: Remember Logan’s Run? No? You might want to put it on your Netflix list.
Maybe losing a decade won’t be all that bad.
A decade in which the national GDP never declined below the value it held on the day the government stepped in. A decade in which the maximum unemployment rate was 5.5%. A decade in which the government actually expanded its support of both business and individuals, a [...]
Each crisis convinced observers that it signaled the end of some new, dangerous feature of the economic landscape. But often that novelty accelerated in the years that followed.
Has the market finally bottomed out?
Get Your Stimzilla text here at this overwhelmed download site.
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