James Meade Redux

by on November 10, 2016

Well, that was fun. A┬árebellion has swept away the establishment. I never thought I would say that the rebellion would be manifested within the GOP [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…]

Santa Claus, Taxes and Deficits

by on December 17, 2015

"Deficits don't matter", to borrow a phrase made famous by Dick Cheney. Hardly a left of center guy, Cheney was defending the sea of red [more…]

Oh, Those Crazy Mega-Banks

by on March 18, 2013

Oh dear. I managed to avoid talking about banks for quite a while. It seems time to revisit our favorite villains. They're up to no [more…]

Standard & Poor’s

by on February 6, 2013

It is good news that Standard & Poor's is being sued by the government. S&P was complicit in the market rigging that led us to [more…]

Break Up The Banks. Please.

by on July 9, 2012

How do I say this delicately?

The banking system, and in particular the biggest banks, were central players in the development of the crisis; they [more…]

Business Taxes, Or the Lack Thereof

by on November 3, 2011

There is an alternative universe somewhere in which America's biggest businesses actually pay taxes. I know, I know, I am being idealistic. Well some of [more…]

All Change In Real Estate?

by on February 11, 2011

Lost amid the euphoric scenes coming to us from the Egypt was today's release by the government of its suggestions for change in the structure [more…]

It’s The Demand, Stupid

by on August 11, 2010

Things are not looking very good. When we have luminaries such as Greenspan and Rubin agreeing that the economy is weak, but that it will [more…]

Meanness, Mediocrity, and Bank Reform

by on June 25, 2010

It takes a particularly virulent form of mean spiritedness for a nation to walk away from its most vulnerable citizens at a time of their [more…]