Tag Archives: Paul Krugman

shirtsleeves to shirtsleeves in 3 generations

Sacred cow. The image of America as the land of opportunity,the near birthright that the current generation will surpass their parents and grandparents up the income and status ladder. Slowly, Americans are coming to realize that this narrative is still … Continue reading

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cyclical or structural?

Technological unemployment… Is our current unemployment malaise of cyclical or structural nature? According to Paul Krugman and Joseph Stiglitz the answer is more stimulus, more government printed money washing through the economy as if at a luxury spa where we … Continue reading

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waiting for those UI cheques

….Technological unemployment. It’s an old story that’s been knocking at the door for over thirty years, but the message is finally coming home. The old economics textbooks of the late seventies were preaching the gospel of a future of machines … Continue reading

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adam: from garden to market

Too many invisible hands. Opaque transactions.  Black pools. High frequency trading. We live in a much altered world than Adam Smith where the multinational corporation has found a natural habitat in the world of common markets.Our relative tariff enlightenment since … Continue reading

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fiscal cliffs and financial stiffs

…The end is near. Doomsday scenario targeting that source of perennial anxiety and trauma:  The management of the American economy; now in terms of integrity officially in a recession, a double-dipper with  the entire money and banking system, the money … Continue reading

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sign of the times

The Sign Museum in Ohio  as sign of the times….The love of looking back but an equal fascination with what Joseph Schumpeter called the creative destruction of capitalism. And if there is anything Americans dislike, its the status-quo, albeit the … Continue reading

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full court press

Heading disaster off at the pass? Short term election fix, that effectively, with regard to the structural issues of technological deflation and unemployment, “kicks the can,” or rather the electoral not a pot to piss in, “down the road,” a … Continue reading

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left turn to cairo

That Barack Obama is a distinguished Left-winger is no secret. Almost a mark of status and prestige; the little guy fighting for the common guy n’ gal against challenging odds. The story creates its own narrative and takes on its … Continue reading

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george orwell golfing: electoral college handicap

It’s the economy stupid. Or so said Bill Clinton. An ultimately an American president is judged on economic performance, an ability to keep middle-class voters heads above water and maintain belief in the system that capitalism, despite periodic bouts of … Continue reading

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passing the buck

The equal sharing of misery? Hang the rich? The first idea is that inequality is an issue that all of us need to be concerned with.Or, it has always been there but slightly below the radar in our “to do” … Continue reading

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