Category Archives: Economic Theory

Structural Impediments

Live and learn. Teaching was fine, but the pay was awful and teaching wasn’t the half of it. There was careful preparation and planning, which for English teachers involves far more than daily lesson plans. Novels and poems and plays … Continue reading

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That Dangerous Book

Let’s go back to 1922 – the year the Teapot Dome Scandal broke and Warren G. Harding turned on the first radio in the White House, ever. Out here, that was the year the Hollywood Bowl opened, and the year … Continue reading

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Relative Relevancy

When there’s nothing to add to the conversation, because everything’s so damned obvious, it’s probably best to just point and shrug. Yes, the mayor they have up there in Toronto is a thug and a drug-addled bully and a fool … Continue reading

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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

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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

Their Closing Arguments

Here in the land of make-believe things aren’t what they seem. Hollywood Boulevard isn’t glamorous – it’s kind of seedy. The tourists look bewildered. The old bank building on the corner at Highland – a sort of Gothic meets Deco … Continue reading

Posted in Economic Theory, Life in Hollywood, Mitt Romney, Paul Ryan, Paul Ryan Budget, Social Dawinism | Tagged , , , , , , , , , , , , , | Leave a comment

Another Labored Day

So another Labor Day has come and gone, and summer has ended. Yeah, the autumnal equinox falls on September 22nd at 10:49 in the morning Eastern Time this year, and that’s the real end of summer – but don’t tell … Continue reading

Posted in Austerity Economics, Class Warfare, Economic Theory, Jobs Crisis, Labor Day | Tagged , , , , , , , , , , , , , , , , , , , , , | 1 Comment