By now, everyone has heard about what is happening seemingly all at once in Wisconsin, Michigan and Ohio. Republican governors are trying to ram "emergency" legislation through their senates and houses that would strip the most robust union demographic, public employees, of their collective bargaining rights ( Read more... )

by Gaius Publius on 7/10/2010 02:20:00 PM

Paul Krugman:
[Economist John Makin is] politically conservative, and is based at a right-wing think tank. But his warning about the looming danger of deflation reads just like something I or Jan Hatzius (Goldman’s chief economist - never mind the Blankfein stuff, the econ group is very ( Read more... )

As mentioned before, data continues to build strongly that the US has indeed been sliding into a textbook deflationary downdraft, literally our first since the 1930s. Deflations generally sap the ability of economies to snap back from downturns, and in addition to making for subdued recoveries, also usually leaving them quite vulnerable to future ( Read more... )

http://www.riksbank.com/templates/Page.aspx?id=32047

"The minutes from the Executive Board’s monetary policy discussion will be published on 16 July. The decision on the repo rate will apply with effect from Wednesday, 8 July. The deposit rate is at the same time ( Read more... )

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... )

New York Times:Fighting Off Depression
(By PAUL KRUGMAN Published: January 4, 2009)

“If we don’t act swiftly and boldly,” declared President-elect Barack Obama in his latest weekly address, “we could see a much deeper economic downturn that could lead to double-digit unemployment.” If you ask me, he was understating the case.
The fact is that ( Read more... )