Archive for the ‘Economic Growth’ Category

The Self-Fulfilling Function of Political Dysfunction

September 13th, 2014

Here’s an engaging oped by Jon Grinspan that makes one of my favorite points, one which is obvious but under-appreciated, I think: generalized and pervasive negativity about government perpetuates broken government. As Grinspan (a name that sounds like the answer to the crossword puzzle clue: “happy central banker”) puts it: First, we need to realize… Read more

What we would do if we wanted to reduce America’s excessive share repurchasing problem.

September 11th, 2014

You’ve hopefully heard about, if not read, this revealing analysis by William Lazonick on the sharp rise in public corporations using their profits to boost their share price through stock buybacks as opposed to re-investment. I won’t summarize the findings, as Harold Meyerson amply does so here. As he writes: From the end of World… Read more

Larry Summers adds concerns about insufficient supply to those about inadequate demand…to which I ask, “why go there?”

September 8th, 2014

In a WaPo oped today, Larry Summers takes a pretty gloomy view of the growth prospects of the US economy, and he throws Europe and Japan in there too for good measure. Larry’s always worth listening to on such matters, so let’s take a brief, closer look. Larry’s been righteously worrying about the economy’s demand… Read more