Shall We Target Inflation with Fiscal Policy?
Most Keynesians seem to think that fiscal policy influences AD and inflation, even when rates aren’t stuck at the zero bound. This recent article from The Economist... Read »
Industrial Production Rebounds Sharply In April
If you’re looking for evidence that recession risk is rising, you won’t find it in today’s update on industrial production, which surged 1.1% in April—the... Read »
The Impossible Hope of an End to Austerity
With French and Greek voters rejecting austerity, politicians are once again taking the government spending debate seriously. This column argues that the voters... Read »
China’s Oil Thirst Drives Everything
The China growth story is still sputtering, but some pillars take longer to collapse then others. PetroChina has just surpassed Exxon in oil production. The... Read »
Greece is Running Out of Time
I have repeatedly described myself as a Euroskeptic. The current combination of politics and economics looks likely to at worst doom the Euro to failure, at best... Read »
Can Greece be Saved?
If you read me on a regular basis you know that I speak with a fellow in Athens who is connected to the shipping industry and the government. I provide links below... Read »
Did the Government Cause the Great Depression?
A while back some commenters asked me to respond to this claim by Brad DeLong: Back then, the Friedmans made three powerful factual claims about how the world works... Read »
Retail Sales Growth Turns Sluggish In April
Retail sales rose a meager 0.1% last month on a seasonally adjusted basis, the smallest monthly gain since December, the Census Bureau reports. The retreat in the... Read »
Highest and Cheapest Gas Prices by Country
Price Rank Country $/Gallon Premium Pain at the Pump Price Rank Country $/Gallon Premium Pain at the Pump 1 Norway $9.69 48 29 Poland $7.01 15 2 Denmark $9.37 42 30 Cyprus $6.96 33 3 Italy $9.35 29 31 Bulgaria $6.94 5 4 Netherlands $9.35 37 32 Australia $6.75 49 5 Greece $9.23 23 33 Singapore $6.70 45 6 Sweden $8.97 44 34 Romania $6.59 7 7 Hong... Read »
It Is Never Too Late: Global Economic Collapse Edition
The global economy appears to be headed over cliff this year. The emerging world is experiencing a significant economic slow down, the Eurozone will probably... Read »






