Archive for the ‘New Posts’ Category

Gas Prices: My Mental Battle Over Two Views

May 30th, 2011

Last Friday, I was talking gas prices and their impact on family budgets and the wider economy on MSNBC (link coming when/if available) with host Matt Miller and economist Peter Morici. I was again struck by the two competing views that I, and I suspect others, hold in their heads on this issue. Even though… Read more

Friday Afternoon Musical Interlude

May 27th, 2011

Perhaps I made a mistake by starting this feature last week with Bach’s Italian Concerto.  Where can you go from there?  It’s like standing at the top of Mt. Everest and looking for a higher peak. But I think I’ve got it: when in doubt, put on some Wes Montgomery.  Wes is one of my… Read more

Changing the Subject: Where Are the Jobs?

May 27th, 2011

The Republicans, deeply dinged by a politically damaging foray in badly designed Medicare reform, are trying to shift the conversation to jobs.  Based on my post yesterday on excess capacity in the job market, I’m all for that conversation.  (Wow, Eric Cantor must be reading my blog…cool!  Yo, Eric…whassup!?) But as Ezra and Paul point… Read more

This Excess Capacity You Keep Talking About…What is It?

May 26th, 2011

A fair question, and one that begs for a bunch of graphs, the assembling of which is especially fun. Those of us worried about current economic conditions (that’s you, Brad) talk a lot about how the economy has “excess capacity,” it’s not at “full employment,” and other such catchy phrases that imply economic resources, including people,… Read more