Need a catchy slogan. This won't do: What do we want? A stimulus big enough to close the output gap! When do we want it? Six months ago!

We may be out of the recession (in that gross domestic product is no longer shrinking), but with a growing population, people delaying retirement because investments failed, and increases in productivity (GDP-per-worker) unemployment rates will continue inching upward. The stimulus package was not big enough to return us to full employment. So ( Read more... )

Dear Americans, EITHER read a book on macroeconomics, OR don't have an opinion. Thank you.

(I'm reading a book on recent economics. It's in the current affairs section of the store and is written by the son of a famous economist.)

The conventional wisdom is that: "We can get away with running trade deficits because foreigners are willing to hold onto dollars."

But the reality is (maybe): "Foreigners insist on holding onto dollars (and ( Read more... )

"Switchgrass has the potential to produce the biomass required for production of up to 1000 gallon of ethanol per acre."

Each American, on average consumes 1023 gallons of oil per year.

As of 1997, there was 1.4 acres of farmland per person in america.

You can either eat meat OR drive cars once we run out of petroleum.

I got into an argument with a certain unnamed environmentalist the ( Read more... )