The Underestimated “Price of Parenting”
Even a low-ball estimate of the cost of time shows just how misleading an estimate based only on money expenditures really is.
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Ted Cruz and the "Consumer as King"
Sen. Ted Cruz (R-TX) has gotten some attention lately for a 2010 speech in which he claimed that there were
Joseph Stiglitz Is Right About Inequality, but for the Wrong Reason
Joseph Stiglitz says that “Inequality is Holding Back the Recovery”. He’s right, but he gives the wrong reason, that
Thaddeus Stevens, Social Revolutionary
One of the nominees for Best Actor in a Supporting Role at this year's Academy Awards, Tommy Lee
D&S Authors on TV
(1) Failed Ambitions: Spain's Economic Collapse: Today's image comes from this beautiful photo essay from this
Austerity, MTA, Blinder
[Hat-tip to Byron S. for today's image; he said it was posted to Facebook by St. Marks Bookstore.
Raise the Minimum Wage or Cut Low-Wage Taxes?
My son is a low-wage worker, a short-order cook. President Obama just called for an increase in the federal minimum
Minimum Wage, Bankers' Accountability, etc.
(1) Strange 1920s Valentines: For more like today's image, visit Retronaut (which is worth visiting anyway). I discovered
New Issue and Two Articles Posted
New issue! Our Jan/Feb issue is finally out (shipping to print subscribers now; already emailed to e-subscribers). It may
Is Paul Krugman’s Liquidity Trap Really an Inequality Trap?
As I watched Paul Krugman Sunday night on Bill Moyers, I felt a familiar sense of despair. Krugman cares deeply
Aaron Swartz, R.I.P.
I was sad to hear about the suicide of Aaron Swartz, the remarkable guy who developed the online syndication/feed
Quick Post on Annual Econ Meetings
(1) Billboard Project: Art project by Larry Chait (here), as if capitalists weren't the only ones with access
The Keynesian Stimulus Spending Fallacy
It’s a truism of pop Keynesian economics that consumer spending drives the economy; if spending slows in a recession,