by the Sandwichman For a while in the 1990s I used a quote from a book review by Canada's new Liberal leader, Michael Ignatieff , in my ...

One can access Paul Krugman's Nobel Prize speech at http://nobelprize.org/mediaplayer/index.php?=1072 . In it he gives a pretty clear d...

So five accused planners of Sept. 11 want to confess, avoid a trial, and enter paradise via lethal injection. Their wishes should have no b...

Keynesian macroeconomics suggests that we need some sort of quick but temporary spike in government purchases to get us back to full employm...

Bill Kristol finally admits it – modern day Republican leaders have not been championing smaller government: Five Republicans have won the ...

As mass production has to be accompanied by mass consumption, mass consumption, in turn, implies a distribution of wealth -- not of existing...

by the Sandwichman In the wake of Friday's dismal employment report, New York Times editor Adam Cohen is channeling the Sandwichman: On...

The New York Times November 21, 2008 Bebeto Matthews/Associated Press Caption: "Paul Nawrocki of Beacon, N.Y., wore a signboard this we...

I just had a wonderful time talking with Kris Welch about the economic crisis for the second half of her hour long show on KPFA. She is such...

by the Sandwichman The concept of the Sandwichman's stimulus plan is extremely simple: a basic income guarantee of $145.68 a week combin...

David Tufte is not happy with some claim that the multiplier can be as high as 5: UB suggests that it has a multiplier of 5. If they did, t...

So I give a test that asks students something about Ricardian equivalence, which we had studied using two-period framework a la Fisher. We ...

BLS reports the bad news: Nonfarm payroll employment fell sharply (-533,000) in November, and the unemployment rate rose from 6.5 to 6.7 pe...

Kendra Marr and Steven Mufson blame the UAW: Over the past three decades, they have lost ground to more agile foreign rivals that favored s...

by the Sandwichman The Sandwichman is still wondering how economists make up their guesses about how $x billion dollars of fiscal stimulus ...