Ira Chernus: No matter who the Republicans nominate to run against Barack Obama, it seems clear that we’ll have a kind of presidential contest we haven’t seen in more than seventy-five years: a referendum on the government’s proper role in economic life.
Steven Hill: So according to Krugmanomics, taking on too much debt is not the problem – it’s not being able to pay the debt that is the problem. And Krugman’s solution, apparently, is to be able to depreciate your currency and/or default on your debts, leaving the creditors holding the bag.
Tom Degan: The sad, pathetic truth of the matter is that on the evening of Tuesday, November 4, 1980 I got so falling-down intoxicated, I voted for the man just as a joke. A failed, “B” movie actor in the White House? That ought to be good for a nice, long chuckle , I thought.
Steven Hill: One of the qualities holding Greece back from enjoying the benefits of a more modern economy is its reliance on an informal economy of family and social networks which too often translates into nepotism, back room deals and tax dodging. But during an economic crisis like this, those networks become valuable