What’s Different About Today’s Government Deficit and Debt?
As of today, the U.S. government’s current deficit and debt are indeed currently at unprecedented levels for peacetime—once we account for them appropriately.
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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
A Nightmare on Maple Street
Prime Minister Stephen Harper struggles to slay the specters haunting Canada's oil sands.
The Formerly Advanced Economies
Just as the European settler economies in North America grew to eclipse the economic power of "old" Europe