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The Freeloafer Economy
In an article I read this morning (but can no longer track down), one of the people interviewed spoke of “eliminating spending”. Not cutting spending or reducing spending, but eliminating spending. As in all. It occurred to me that this is the most obtuse, and natural, of directions for the debate to go, because it is based on…
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There is More Than Supply and Demand
One of my pet peeves is false dichotamies. You know, when we make complex problems into simple either/or solutions. Like politics. That’s why Robert Reich’s recent column struck me this morning as I read it. He was talking about what the U.S. could learn from the European economic crisis, which is a telling case of…
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What if China fails?
I was sitting in Barnes & Noble a few weeks ago and some book title I can no longer remember caught my eye. It made me think of this question: what if China fails? It got me thinking. What if the Chinese economy collapsed today? What would it mean for all of us here? This…