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.

Eight Thoughts About Election Day and Words and Music

Bruce Springsteen

Michael Sigman: The name Tea Party evokes — was no doubt conjured to evoke — deep deep associations with The Boston Tea Party, a stirring public challenge to corporate monopoly and monarchy studied by every American schoolchild. Now, thrown together with carefully-chosen words and phrases like “Take our country back,” “socialism” and “Hitler,” the Tea Party purveys the exact opposite — restoring corporate monopolies and viciously rejecting a popularly-elected president.