The Consumer Spending Mirage Business Week (hat tip Brad De Long). Barry Ritholtz has complained for some time that retail sales and consumer spending increases overstate real gains in expenditures. This piece elaborates upon this theme.
After the Recession: What then? Stormy Angry Bear
What Have We Learned, If Anything? Tony Judt, The New York Review of Books. “What, then, is it that we have misplaced in our haste to put the twentieth century behind us?”
Some Bursting Bubble References… Brad De Long
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