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an observer

Brad DeLong, a real economist, slaps Posner, et al



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I agree with the observer above. I can't see how anyone could have expected a V shaped recovery after the kind of crash we experienced.

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The principal cause of the GFC and the reason this time is different is due to the decline of the wage share caused by over 70 years of inflation as shown in this model. http://johanraft.files.wordpress.com/2011/06/volcker-corrected.png

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Thanks for the cool badgees! When do we find out who the Petties nominees are???

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It was his words that drove Christians to vote they way they do.

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That was my thought,too.

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history should repeat again with Obama..


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Do you think that paying primary care physicians more will get better ones or do you agree with your recent WSJ article that paying judges more will not get better judges? After all, human nature is human nature.

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I go through the blog and read about uncertainty.....The very idea that the answer for Greece or any country to climb out of economic problems is to devalue or inflate their currency is exactly what has led the world into this mess...Thanks

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