Category Archives: Economic Theory

Mutually Assured Misunderstanding

Economics is called the dismal science for obvious reasons – it’s complicated and often dull and dry, except when one big-gun economist is telling another big-gun economist he’s full of crap and the other fires back with the same – … Continue reading

Posted in Austerity Economics, Economic Theory, Paul Ryan | Tagged , , , , , , , , , , , , , , , , , | 1 Comment

Severe Dislocation

It’s easy to feel a bit disoriented out here on the West Coast, particularly here in Los Angeles. The third Sunday in January was breezy, in the eighties, with that impossibly deep blue sky, and of course you could stand … Continue reading

Posted in Debt Crisis, Economic Fairness, Economic Recovery, Economic Theory, Income Inequality, Joseph Stiglitz, Paul Krugman | Tagged , , , , , , , , , , , , , , , | Leave a comment