The Deficit Is Down, and Nobody Knows or Cares

From Professor Krugman the other day: The CBO tells us that the federal deficit is way down — under 3...

Bill Foster: Thank You, Paul Krugman

I was interested to see this in my in-box this morning, from Congressman Bill Foster.  It’s nice that he, too,...

Social Mobility? Not the Right Question

James Surowiecki makes a valuable point (emphasis added): …in any capitalist society most people are bound to be part of...

Why This Week’s SOTU Was So Much About the Economy

Jonathan Chait wrote a piece yesterday on why Obama felt obliged to devote so much of Tuesday night’s State of...

Unemployment Insurance: GOP Filibusters the Unemployed

Well, the question never even made it to the House.  It appears to have died in the Senate at the...

Video Primer: Why Are American Health Care Costs So High?

Here’s a useful and amusing video primer on the question of why American health care costs are so much higher...

Fed Chair Bernanke: Congress, Get Your Foot Off The Brake!

The evidence is piling up more and more deeply that austerity (i.e., cutting spending) is the wrong policy for the...

National Debt: A Short History (Spoiler: GOP created it to force cuts in social programs)

Professor Krugman, in knocking down some common excuses for not providing the fiscal boost our economy should be getting right...

House GOP: “Gotta nuke SOMETHING!”

Two years ago the House GOP took the US/world economy hostage and threatened to refuse to raise the debt ceiling...

Sequester Cuts Begin to Hurt

The sequester was overblown, right?  The economy hasn’t imploded, so it must have all been a head fake. That’s the...