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Secular Stagnation – A Highly Local View

by on February 11, 2016

I lead a local discussion group here in Vermont. The group is small, about 16 members, most retired, 30% women, a good mix of ex-business [more…]

Follow up on Clinton

by on February 4, 2016

Let me be brief.

One of the fascinations in the current presidential election campaign is that both parties are being challenged by relative outsiders. Let's [more…]


by on February 2, 2016

So where are we?

Nowhere further forward. Except, perhaps, that we now know about half of the Democrats in Iowa think Clinton is an extension [more…]

An Actual Election?

by on February 1, 2016

Well kind of. If you count a caucus as an election. So here we go, the 2016 presidential election gets under way with something more [more…]

GDP and Other Complex Numbers

by on January 20, 2016

When investment advisors want to justify their expensive and ineffective advice they look for red herrings to batter their clients with. One such example surfaced [more…]

Lamppost Afterthoughts

by on January 12, 2016

Notes from the cutting room floor:

Lest anyone be mistaken I am aware that we live in a world of models. Everything we do can [more…]

Lamppost Economics?

by on January 11, 2016

Paul Krugman came remarkably close to giving economics a big negative review in his New York Times blog last week. To sum up his argument: economics [more…]

Why Teach Economics?

by on January 8, 2016

No I am not going to get upset about mainstream economics. Today I have a different issue to be vexed about: why do degrees in economics [more…]

New Year’s Resolutions

by on January 7, 2016

Well, that didn't last long. I promised myself I would not waste any time this year on complaining about mainstream economics. There is no value in [more…]

Extreme or Not Extreme?

by on January 7, 2016

That is the question.

A friend of mine pointed me to Thomas Friedman's latest effort in the New York Times. It's too long for me [more…]