Category Archives: Economics and the like

Greg Mankiw is concerned that if we raise taxes for the wealthy, he’ll have marginally less incentive to go to work, rather than spending more time with his kids. The bottom line: If you are one of those people out … Continue reading →

From Ethan Pollack, at the Economic Policy Institute: As money is spent, it creates beneficial ripples through the entire economy. The evidence is that most of the money from the recent tax rebate was saved rather than spent, thus blunting … Continue reading →

EconomistMom, who I’ve linked positively in the past, introduces a guest post: Here is a post by DirectorDad in response to a Dean Baker critique of the movie “I.O.U.S.A.” that recently appeared on Huffington Post: But what follows isn’t a … Continue reading →

One year ago, the Dow hit 14,164.53, its all-time high. Since then, the Dow has shed 5566.39, 39.3 percent of its value. Today, it dropped 678.91 points, falling to 8579.19. It’s now down 2099.09 from the day George W. Bush … Continue reading →

Stephen Colbert explains to Stephen Colbert why Wall Street needs a SupercalifragilisticexpealiZillion dollar bailout.

A few common talking points of the right in recent days are that: 1) The efforts of the left to occasionally let poor people (Some of whom were probably black, can you imagine?) buy some homes is a big part … Continue reading →