A big miss on budget projections is nothing new. Even in relatively steady times, the executive budget blueprint is based in part on wishful thinking about policies and economic growth.
Yale Professor and Nobel Laureate Robert Shiller has a great piece in the New York Times today that shows why he's one of the greatest economic thinkers of our time. The piece is kind of a about Bitcoin — which he continues to thinkShow More Summary
The latest "viral" video—does it count if it has less than 100,000 views?—causing eyes to roll at computer screens coast-to-coast is the "Economics of Sex." This gem of right-wing concern trolling explains to ladies how contraception has destroyed their lives: No longer can they use accidental pregnancies to trick men into marriage. Show More Summary
After a wild week for U.S. equities and some weak economic data, the market will be curious about how the Fed sees the evidence. What should we expect from the new Fed Chair? You might think that the confirmation process...
...In the past years, we have witnessed the emergence of experimental currencies such as the bitcoin, as well as new forms of economical exchange and trade, such as crowdfunding, social money, micropayments, or time banks, all of them based on the trust and support of a given network. Show More Summary
Either President Obama needs a new speech writer, or he needs a new set of economic policies. Actually, he needs both. Can anyone think of a more boring, banal, irrelevant, or stale speech than the one he gave this Thursday in Washington...Show More Summary
Adair Turner: Adair Turner: Capital Markets Balkanization Should Not Prevent Regulation, by The Institute for New Economic Thinking: “Don’t worry about the balkanisation of global capital markets” – Adair Turner Fears that bank regulation or capital controls could lead to...
By Marshall Auerback, a former investment manager who is Director of Institutional Partnerships, Institute for New Economic Thinking. Originally published at the Institute for New Economic Thinking Bubbles have become a major focus of discussion in today’s financial markets. But very few people actually define what they mean when describing this financial phenomenon. In a […]
Will 2014 "be a breakout year" for the U.S. economy? asked Sudeep Reddy at The Wall Street Journal. Economic forecasters generally think it will be. If businesses can finally "shed their caution" and plow cash into hiring new staff and...Show More Summary
The Congressional Research Service (CRS), supposedly an unbiased “think tank” for Congress, has reissued their report claiming taxes have no effect on economic growth, which is a point of view shared by about 8 percent of economists....Show More Summary
Richard Eskow writes Jobs or Inequality? That’s No Choice At All: What’s the economic issue we should focus on – jobs, or inequality? An increasing number of people, including the President and New York’s new mayor, have suggested that...Show More Summary
As part of Alternet's New Economic Dialogue Project, Lynn Parramore writes 50 Is the New 65: Older Americans Are Getting Booted from Their Jobs -- and Denied New Opportunities. An excerpt: In every corner of America, millions of people are terrified of losing their jobs and falling into financial ruin. Show More Summary
Some business leaders are speaking out about a growing imbalance in social economics. Here's why they think capitalism--and society--are in need of saving. In the past when I've heard about new economic theories and proclamations that the old rules of business are "dead," I've run for cover because, inevitably, a disaster follows. Show More Summary
From FACT: “I think it entirely hampers new bands,” he wrote. “I can’t think of anything more opposite to punk rock than Spotify. I have no answer to the economic side of the music industry, but I do think we certainly shouldn’t stop valuing what bands do. Show More Summary
Japan's new Prime Minisiter, Shinzo Abe, is quite explicitly taking his country on an economic course that is 180 degrees at odds with the austerity policies being pursued in the United States and Europe. He is committed to major stimulus,...Show More Summary
At its simplest, the new blockbuster study on rentals from the Joint Center for Housing Studies at Harvard, America’s Rental Housing; Evolving Markets and Needs, reads like an exercise in real estate economics. America has too manyShow More Summary
Mark Carney’s speech to the Economics Club of New York yesterday made clear that very low interest rates now ‘put a premium on macroprudential policies’. Translation: he’s not going to… Continue reading The post Carney may call for the end of Help to Buy sooner than you think appeared first on Spectator Blogs.
Third Way is afraid of left populism for same reason RW is afraid of ACA: not because they're sure it will fail, but cuz think it might work — billmon (@billmon1) December 9, 2013. I’m liking this new “economic populism” talk. Alex Pareene on “Why Elizabeth Warren baffles pundits“: … Most pundits writing about [Read more...]
On Wednesday, the Center for American Progress released three new papers on income inequality and the economy — the same day that the liberal think tank hosted a speech by President Obama on this very topic. Perhaps the most interesting paper … Continue reading ?
Every a.m., Mediaite publishes a primer of what the interweb machine is writing, talking, tweeting, and blogging about, so that you may fool friends and family into thinking you are a trove of information and insight. Today: new Snowden...Show More Summary