Archive for the ‘New Posts’ Category

Absent full employment or a bubble, middle class income and wealth will fall.

September 15th, 2014

Robert Samuelson covers some useful ground this morning, reviewing income and net worth trends from the recent Survey of Consumer Finances, a triennial (it comes out every three years) survey of family income and wealth. I wanted to add a few points regarding timing of the trends he cites. First, Samuelson notes that if you… Read more

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

Friday Musical Interlude: BBK!

September 12th, 2014

Could it be that I’ve never featured BB King in a musical interlude…unforgivable! Here’s the man gettin’ down to bizness with Lucille (that’s his guitar’s name) and here’s his great explanation as to why he sings the blues. Both of these are from an album–as in vinyl–that I got in 1969!…now get the hell off my… Read more