Economics

This post originally appeared at Global Economy Matters. The Eurozone's current problems are not mainly a result a of profligate and reckless spending of government resources in the Eurozone periphery . Even Nobel laureate Paul Krugman…

Marshall Auerback here with a post which I originally published at New Deal 2.0. What is a fiscal crisis? When does deficit spending become “unsustainable”? Today, we can see net public spending rising (sharply as a percentage of GDP in…

The following is a post which first appeared at the Big Picture from Paul Brodsky & Lee Quaintance who run QB Partners, a private macro-oriented investment fund based in New York. --- We Are All Austrians Now Things are different…

If I could relate the concept of malinvestment to business administration I would do it using the concept of depreciation.  Depreciation is a term used in accounting and business to represent a writedown of a real asset on a…

Last Friday, Mr. Obama and the GOP staged the equivalent of a British Parliamentary Question Period in front of the TV cameras. It showed the quick-thinking, articulate President at his best. Unfortunately, the subsequent Saturday morning…

Last week, I wrote a post “Is the recession dating committee preparing for a double dip?” the gist of which was to question whether the NBER recession data committee thought a double dip was likely.  But an e-mail exchange I had this…

I re-posted my April 2009 post, “Barack Obama as Herbert Hoover” in response to the recent deficit reduction gimmick offered up by the Obama Administration and Marshall’s similarly titled “Barack Hoover Obama.”  The point of my post…

Every instinct the President has honed, every voice he hears in Washington, every inclination of our political culture urges incrementalism, urges deliberation, and an abundance of caution, particularly in regard to our “unsustainable…

Edward Hugh here. This is a post which was originally published at A Fistful of Euros. Sometimes it surprises me what some people consider to be news. Tony Barber points out today in the FT Brussels blog that the EU has the power to mount…

I love this quote from Thaler on how, when and why the economics profession will change: Thaler: What is the old line—that science progresses funeral by funeral? Nobody changes their mind. What will happen is that the economists are…