Category Archives: Globalization
The Bankruptcy of Austerity Economics
Conservative conventional wisdom collided this week with a dose of economic reality, and the winner is reality. For two years,…Continue reading
Will Europe Step Back from the Brink this Week?
On the edge and the eve of a financial market meltdown, Germany seems to now accept that the Eurozone sovereign debt crisis poses the greatest danger to the European,…Continue reading
The Truth about Job Creation under Obama and Bush
Everyone knows that unemployment is high today and unlikely to fall by much soon. Yet, a longer view of the official…Continue reading
Is This the Final Countdown to a Global Financial Calamity?
Ground zero of the European sovereign crisis has moved from Greece to Italy, and that’s very bad news for Europe,…Continue reading
Protectionism Remains a Danger to Economic Recovery
Tough times almost always raise the pressure for trade protection, and the current global economic troubles are no exception. President…Continue reading
For a Strong Economy, Keep Europe Afloat and Keep Americans…
The persistent sluggishness of the recovery here in the United States and in most of the world’s advanced economies should…Continue reading
The Real Dangers from the New Austerity
To an economist, the current crusade by congressional Republicans to slash spending during a slow expansion seems to be about…Continue reading
The Cost of Playing Games with the Full Faith and…
I spent last week in Rio attending a meeting of the IMF’s advisory board for the Western Hemisphere — and…Continue reading
Running on Empty: The Economics and Politics of Gasoline Prices
Mother Nature is intervening again in U.S. energy markets. Just as falling oil prices are puncturing upward pressures on gasoline…Continue reading
Forget about Spending and Get Serious about the Economy
Washington today, especially the Congress, has a textbook case of cognitive dissonance. A confluence of black swan developments may well…Continue reading