EconoSpeak
Saturday, December 31, 2011

Shopping Is Not a Perfect Substitute for Politics

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The New York Times has an interesting piece today on the shortcomings of organic agriculture in its current, commercialized form.  They de...
Thursday, December 29, 2011

Partisan Misrepresentation of Ricardian Equivalence is Nothing New

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Paul Krugman catches Robert Lucas (not to be confused with Robert Barro - thanks for the comment David) misrepresenting Barro’s claim to ...
11 comments:
Wednesday, December 28, 2011

Does The Italian Bond Sale Mean The Eurocrisis Is Over?

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Yesterday Italy sold bonds for a little over 3% compared to over 6% in late November. Does this mean the eurocrisis is over? Not necessari...
1 comment:
Saturday, December 24, 2011

Daring To Disagree With Dean?

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That would be Dean Baker, briefly a co-blogger on the old maxspeak, who warns that the recent upbeat reports on housing are not reliable, wi...
1 comment:
Thursday, December 22, 2011

Lowering The Flag And Leaving Iraq

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So, the US military has lowered the battle flag and the last official military have now left Iraq, although there will still be some engaged...
3 comments:
Wednesday, December 21, 2011

George W. Bush's Second Biggest Foreign Policy Mistake Revisited

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Of course the first would be invading Iraq. But a close second not often remembered or even realized occurred two months into his term of o...
1 comment:
Tuesday, December 20, 2011

KimJung Un should have such problems!

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He doesn't have principles students telling him, on a final exam, that, for instance, the "shoe-leather costs" of inflation st...
Monday, December 19, 2011

How North Korea Became So Isolated

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North Korea (DPRK) officially follows an ideology developed by its founder, Kim Il Sung, known as KimIlSungism (really), which his just dece...

Dear Leader Dead, Long Live Great Successor

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While all had known that Kim Jong Il had long been seriously ill, his death on Saturday of a heart attack in a train has taken many by surpr...
Tuesday, December 13, 2011

President Gingrich Would Ignore The Humphrey-Hawkins Full Employment Act

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I was scratching my head as to why any Presidential candidate would say Ben Bernanke should be fired until I read this : "I would, firs...
3 comments:

The Exegesis of Deceit

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One of the steadiest hums of our time is liberal indignation at the dishonesty of the Right.  On any given day, you can hear the shock and ...
4 comments:
Sunday, December 11, 2011

Obama's Payroll Tax Cut

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When the cut was first announced, I wrote that it seemed to pose a threat to Social Security. Now, a few of the Democrats, especially Bernie...
10 comments:
Saturday, December 10, 2011

The Brussels Agreement: Why it will Fail

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One response would be to point out the irrationality of the agreement itself—the minimal role that fiscal profligacy played in bringing on ...
2 comments:
Friday, December 9, 2011

The Meme that Refuses to Die: Government Debt Must Be Paid Back

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No it doesn’t.  It almost never is.  To pay back government debt, you have to run a budget surplus, and while there may be modest surpluses...
37 comments:

A Theory About Polish Politics

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This morning’s New York Times has a piece about Polish PM Tusk’s avid support for Germany’s stance in EU bargaining.  The article plays u...
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