Restart the bubble

An interesting statement buried in the comments to Steve Keen’s latest blog entry (which itself is worth reading as it discusses how neoclassical economics got us into this mess and how [if] it can be changed – as usual with the Keen blog, the comments are just as illuminating):

I have spoken to many . . . → Read More: Restart the bubble

Christina Romer on Fox News Sunday

The Congressional Budget Office has pronounced the multi-trillion dollar Obama Budget too expensive and too wildly optimistic on out-year economic growth projections. Challenged on this, Christina Romer answers back that the CBO’s out-year GDP growth estimates of 2.2-2.3% are too pessimistic.

Those are sluggish numbers, but the CBO is taking on board the fact . . . → Read More: Christina Romer on Fox News Sunday

How To Intentionally Exacerbate The Greater Depression

C.S. Lewis’ short but masterful The Great Divorce is about Ghosts in Hell who journey by omnibus up through a crack in the earth to meet Solid People and hopefully be guided into the mountains.  As the Ghosts become substantive their feet are pricked by the sharp grass.  Only a few overcome their problems and . . . → Read More: How To Intentionally Exacerbate The Greater Depression