Tag Archives: Joseph Stiglitz

The Possibility of Pitchforks

There was a time of massive income inequality in America when no one was mad at the rich, because they kept to themselves, or else they were the nation’s entertainment. The Gilded Age – roughly 1890 through the First World … Continue reading

Posted in Income Inequality, Anger at the Rich | 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

Entering the New World

And we enter the new world with a snapshot of the first Sunday evening in August: Traders and bankers are braced for another volatile week in global markets – and the wildest ride is likely to be in stocks, not … Continue reading

Posted in America's Credit Rating, Austerity Economics, Economic Fear and Panic, Economic Recovery, Expertise, Experts, Experts Usually Wrong | Tagged , , , , , , , , , , , , , , | Leave a comment

America’s Imaginary Nostalgia

If it’s a dull rainy day and you’re home alone, bored and anxious, somewhere in the far reaches of basic cable you can probably find one more screening of that 1962 movie The Music Man – standard daytime filler for … Continue reading

Posted in Economic Theory, Income Disparity, Joseph Stiglitz | Tagged , , , , , , , , , , , , , | Leave a comment