Archive for the ‘New Posts’ Category

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

Political Economy Today: Will Overreach Lead to Balance?

May 26th, 2011

In this biz (if playing digital chin music can be called a biz), you don’t want to get too hung up interpreting one moment in time.  These things change quickly.  But in the heat of budget deals, debt ceiling, proposed Medicare changes, the NY special election, the nascent economic recovery, a few themes seem worth… Read more

Following Up From This AM

May 25th, 2011

This morning I mentioned the drag that state and local fiscal contractions are having on jobs and growth and threatened to post some graphs.  Coming up for air now, so here they are. In normal times, spending and investing by state and local governments adds to growth.  But in recent quarters, they’ve either added little… Read more