Keynesian Economist Admits It’s a Depression

You know things have gotten really bad when a Keynesian economist starts talking truth. UC Berkeley economics professor J. Brad DeLong, a deputy assistant U.S. Treasury secretary under President Clinton, has published an opinion piece in which he calls on his fellow Keynesians to stop trying to cover up the truth and start labeling our ongoing economic problems as what they really are: a depression. The dreaded “D-word.” Keynesian economists are usually the last people to call things what Read more […]

Krugman to Middle Class: You’re Dead; Get Used to it

If it was only Krugman, I wouldn’t bother with this, but he’s not only speaking for himself. Spend any time around monetary officials and one word you’ll hear a lot is “normalization.” Most though not all such officials accept that now is no time to be tightfisted, that for the time being credit must be easy and interest rates low. Still, the men in dark suits look forward eagerly to the day when they can go back to their usual job, snatching away the punch bowl whenever the party gets Read more […]

Our Economy Has Gone Supermodel

America has an obesity problem. Blame processed foods or a sedentary lifestyle. But, thankfully, our civil government is doing what it can to make sure we’re slimming down in at least one area: our economy. Democrats are latching on to a recent declaration from Paul Ashworth of Capital Economics that our recent shrinkage in GDP is “the best-looking contraction you’ll ever see.” The best-looking contraction I ever saw was “don’t.” As in, “Don’t vote for idiots.” Too late. Anyway,  Read more […]