Archive for the ‘New Posts’ Category

Polonious Was Wrong

May 19th, 2011

A few commenters have asked me to weigh in on the debt ceiling debate. I haven’t written much about it, mostly because a) it’s been well covered elsewhere and b) I can’t think of good synonyms for “catastrophic” (actually, Word’s list is excellent: I like “ruinous”). Sorry—gallows humor.  I don’t know about you, but I… Read more

What’s Going Down with Real Wages?

May 18th, 2011

I agree with Krugman that when it comes to the economy, we’re mostly worrying about the wrong stuff.  Paul stressed jobs over current deficits, but here’s something else to legitimately wring your hands about: real wages—pay adjusted for inflation—are recently in decline for most workers. What’s that?  You thought they’ve been falling for a while? … Read more