As central bankers gather for their annual conference in Jackson Hole, Wyoming, a top agenda item is evaluating the current and future amount of slack in the US economy. In this regard, they’d be well advised to check out this new study from the two economists at the Economic Policy Institute which provides an exhaustive… Read more
Just back from a segment on MSNBC’s Rev Al show wherein we worried about the impact of Congressional screwing around with the Highway Trust Fund on the job market. I wrote about this concern on the day of the last jobs report, which you’ll recall was a pretty strong report, under the heading “Congress, PLEASE… Read more
Dean Baker goes on a vicious—even for him!—tear in response to Robert Samuelson’s column this morning on the state of economics knowledge about the business cycle. Dean’s take down is definitely worth a read, as I too have been struck by the increasingly complex explanations offered for a sequence of economic events that seems fairly… Read more
A: Other institutions, public and private, step in–and while that has pluses and minuses, at the end of the day, it’s inefficient and unsustainable. Over at PostEverything.