Guest Author 294 posts 0 comments

I have been in meetings with Very Serious Texas Politicians where secession was earnestly discussed 15 years ago. Do I think that could happen? No. The Fed will never choose hyperinflation, and I do not think you can find 60 Senators to…

James K. Galbraith writes that the National Committee on Fiscal Responsibility and Reform's underlying budgetary analysis is faulty because it rests on the false premise that a country can involuntarily default on a fiat currency it…

A guest post by Matt Stoller, the former Senior Policy Advisor for Rep. Alan Grayson and progressive commentator. Follow him on twitter @matthewstoller. In a cross-post from New Deal 2.0, Stoller outlines why Libertarians, Tea Party…

The US economy grew at 1.9% for the last decade, the slowest since the 1930s. Given that government spending is going to go down, unemployment is going to take some time to get under control; and with the whole developed world in a mess, it…

Originally published at www.CounterPunch.org. by Pam Martens On the President’s first day in office on January 21, 2009, he issued an Open Government memo promising the American people a new era of transparency. On March 19, 2009, under…

Paul Davidson argues that the Obama Administration and its allies in Congress have not actually followed the prescriptions laid out by the British economist Lord Keynes in making economic policy – and that this is a principal reason for…

By Dr. Lacy Hunt, Hoisington Investment Mgt. Co. The October employment situation was dramatically weaker than the headline 159k increase in the payroll employment measure. The broader household employment fell 330k. The only reason that…

by Phillippe Legrain While the debate over global imbalances often focuses on China, this column argues that the biggest threat to the world economy comes from the other side of the seesaw – the US. Countless column inches are devoted…

by John Mauldin They Knew What They Were Selling It's hard to know where to start. There is just so much here. So let's begin with testimony from Mr. Richard Bowen, former senior vice-president and business chief underwriter with…

Note from 19 Oct 2010: It has come to our attention that the substance of this post was originally penned by Gonzalo Lira, who posted it both at his site and at Zero Hedge this time last week. Initially we thought that there was some sort…