Presidential Debate Wednesday, Jobs Report Friday

obama

Robert Reich: The biggest election news this week won’t be who wins the presidential debate Wednesday night. It will be how many new jobs were created in September, announced Friday morning by the Bureau of Labor Statistics.

And the Winner Is – Santoromney?

mitt and rick neck and neck

Look! Up in the sky! It’s Mitt! It’s Rick! No, it’s Santoromney! So Mitt Romney is pleased as punch after beating Rick Santorum in the Iowa caucuses by a mere eight votes, huh? Mitt’s jubilation needs to be places in check. To end up in a virtual tie with a basket case like poor old [...]

Reconsidering Japan…Reconsidering Paul Krugman

krugman

Steven Hill: No one has been more influential in defining this narrative than New York Times columnist and Nobel Prize-winning economist Paul Krugman.

Shorting Economists: The ‘Experts’ Keep Getting it Wrong

economy

Steven Hill: So when the authorities say “a recovery is under way” or “stimulus rather than deficit reduction” or “deficit reduction instead of stimulus,” remember: These are the same experts who are unsure of how to measure, who too often substitute ideology and partisanship for broken theory, and usually have been flat wrong in their assessments.

The Economic Fallacy of ‘Zombie’ Japan

happy worker

Steven Hill: Paul Krugman and others have got Japan wrong: Americans should be so lucky as to get a Japanese-style lost decade

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