Tag Archives: cassandranomics

Krugman and Fail on the Deficit Debate

Paul Krugman: The Congressional Budget Office expects Social Security outlays as a percentage of G.D.P. to rise 30 percent over the next quarter-century, as the population ages, but it expects a near doubling of the share of G.D.P. spent on … Continue reading

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From Those That Have Not, It Shall be Taken Away

Mother Jones has eight charts that illustrate the extreme and growing inequality the distribution of wealth in the United States. Here’s one:       More here: I’s the Inequality, Stupid | Mother Jones Having cornered the wealth of America, the … Continue reading

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“We Shall be Winnowed by So Rough a Wind…”

Paul Krugman on the global food crisis: World food prices hit a record in January, driven by huge increases in the prices of wheat, corn, sugar and oils. These soaring prices have had only a modest effect on U.S. inflation, … Continue reading

Posted in Climate, Disasters, Economics, Food and Drink, International Relations, Politics, Science, Weather | Tagged , , , , , | 1 Comment

Cassandranomics: “The Future Doesn’t Work”

Paul Krugman: These are tough times for state governments. Huge deficits loom almost everywhere, from California to New York, from New Jersey to Texas. Wait — Texas? Wasn’t Texas supposed to be thriving even as the rest of America suffered? … Continue reading

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All Eggs Now Circulating Too Fast in Too Few Baskets

In many of the world’s markets, nearly all stock trading is now conducted by computers talking to other computers at high speeds. … While this “Tron” landscape is dominated by the titans of Wall Street, it affects nearly everyone who … Continue reading

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Cassandranomics

Paul Krugman: First, the economy has to grow around 2 1/2 percent per year just to keep unemployment from rising. Second, growth above that level leads to a less than one-for-one fall in unemployment (because hours per worker rise, more … Continue reading

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Cassandrazombienomics

Friedrich von Schiller: “Against stupidity, the gods themselves contend in vain.” Paul Krugman, bless his heart, keeps on contending: When historians look back at 2008-10, what will puzzle them most, I believe, is the strange triumph of failed ideas. Free-market … Continue reading

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