A provocative article by Jeff Faux at the Economic Policy Institute argues that US trade deficits have become so large and so chronic that we need to put the brakes on further trade liberalization until we get our house in order. And getting our house in order means increasing our domestic savings rate. For those […]
Read more...This story in today’s Financial Times, “As America falters, policymakers must look ahead,” is remarkable because, as far as I can tell, it is the first time a prominent economist has come out and said the unwinding of the housing bubble is likely to have nasty consequences (actually, take that back, Paul Krugman had a […]
Read more...So says Washington Monthly in “Red and Blue Economies,” citing some work by Cactus at Angry Bear. In his five part series on ” God Punishes Us When We (Collectively) Vote Republican” (here is part five) Cactus uses as his measure real GDP growth (growth less the increase in national debt) and determines that this […]
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