By John Aravosis on 5/28/2012 07:00:00 PM

Krugman says we're still in a classic Depression.

Paul Krugman on Bill Maher:
We are in a depression. We are actually in a classic depression. A depression is when nobody wants to spend. Everybody wants to pay down their debt at the same time. Everybody is trying to pull back, either because they got too ( Read more... )

"In our day certain economic truths have become accepted as self-evident. A second Bill of Rights under which a new basis of security and prosperity can be established for all regardless of station, or race, or creed. Among these are: The right to a useful and remunerative job in the industries or shops or farms or mines throughout the nation. The ( Read more... )

Book Review
Unemployment During the New Deal Era by James K. GalbraithThe view that the New Deal was too small and accomplished little, that only WWII ended the Depression, is very widely held. But it is not correct. It is based on a mis-reading of reconstructed unemployment statistics from that time, which treat the workers actually employed by ( Read more... )

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The "FDR Failed" Myth

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The Washington Post Prints More Nonsense on the Economy

If the Washington Post had a science section it would be filled with accounts of creationism and the latest thoughts from the Flat Earth Society. This is the only conclusion that one can get from reading its treatment of economics in the Outlook section.

Readers may recall the ( Read more... )

What Obama Must Do ( Read more... )

I know I agreed to post more upbeat news, but I'm also interested in how people will react/handle the recession. I'll leave the complex economic charting to the rest of you and post a bit about predicted effects on people ( Read more... )

USATODAY On Politics Blog/TIME:


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