Archive for the ‘New Posts’ Category

A Few More Reflections on Today’s GDP Report

July 29th, 2011

The central economic problem of the moment is the gap between what we could produce and what we are producing.  It is not the budget deficit, the debt, nor is it the absence of either a balanced budget or a Balanced Budget Amendment.  It is not too much spending nor too high taxes. It is the gap… Read more

Diagnostics

July 29th, 2011

I said I’d get back to the questions I raised in this post from last night, but the smart and articulate Larry Haas beat me to it.  Lots of thoughts from commenters too. Summarizing Larry, comments, and adding some complementary thoughts, here are some of the problems folks raised: President Obama: The POTUS is taking… Read more