Stagnation

October 27, 2014

I will keep this short: I have been taken aback by all the talk about the apparent onset of something called secular stagnation. Today's Financial Times gives us another dose of it in an article by Gavin Davies. The basic argument seems to be that since both population growth and worker productivity are declining somewhat [more…]

Why No Labor Controversy?

October 21, 2014

The familiar so-called "capital controversies" a few decades ago were never fully resolved. This is mainly because the losers of that battle eventually won the war and so were able to overlook their loss. They carried on with a muddled view of what capital actually is and ignored the impact of that muddle as if it [more…]

Economists Deserve Respect – Honestly?

October 7, 2014

I haven't had time to voice my opinion of Robert Litan's post over at Brookings in which he argues economists deserve a little respect. Presumably he is trying to rehabilitate the economics discipline's reputation, and, also presumably, this is in response to the general derision being heaped on it in the aftermath of its non-prediction of the [more…]

There He Goes Again

I have a friend who can be guaranteed to wax lyrical about anything Barack Obama does.

Me? Not so much. I have never been a big fan. I look at him as being the least worst option. Good on a few social issues, making a start on health care, botching bank reform [horribly], and generally [more…]

First Friday

Coming soon are First Friday graphical presentations. [more…]