The WaPo fact checker veered into heavy traffic today with a deeply misleading attack on statements recently made by President Obama about the benefits of the auto bailout. As I note below, you could object to the President’s emphasis on one point if you want to be churlish about it, but big picture: this restructuring… Read more
Archive for the ‘New Posts’ Category
What Went Wrong and What to Do About It
What with the Diamond withdrawal yesterday, the WaPo polling results on the economy out today, and the fact that the policies that would help the economy in the short run are locked in a trunk at the bottom of the ocean, it’s hard not to feel like we’re stuck in a bad place and there’s… Read more
For Future Reference
I’m not predicting the downfall of modern society as we know it. Especially for an economist, I tend to be congenitally optimistic. But if such a downfall should occur, it would not surprise me if future historians wrote about Peter Diamond withdrawing his name for a governorship at the Federal Reserve as, if not a pivotal… Read more
The Challenge of Long Term Job Growth: Two Big Hints
Busy day tomorrow, so unlikely to post much. Starting the day out with some early squawking—guest-hosting on CNBCs Squawk Box, 7-9am. Also giving a talk later in the day on longer term concerns re job growth, as in how can we generate enough jobs, not just in the cyclical sense, like now, but over the… Read more
Larry Mishel Speaks…I Must Listen
Larry Mishel, the President of the Economic Policy Institute, is an old friend, mentor, and co-author (with illustrious others) of NINE editions of the book State of Working America. You write nine books with someone, you either love each other or kill each other. We both remain alive, so you do the math. He comments:… Read more