The possible paths are:– Discharge petition, forcing a floor vote that brings in a handful of sane Rs-14th amendment: Just say we don't believe the debt ceiling is constitutional– platinum coin– premium bonds, which sell for much more than face …
by confoundedinterest17 The Federal government in Washington DC is broken beyond repair. Politicians get elected by promising free or cheap things, so they keep delivering the bacon. Or pork to political donors. The top 1% get massive payoffs (like green …
Oh, and the "government spending creates inflation" trope kind of missed its moment, with the 2021-22 inflation surge looking, um, transitory 5/ pic.twitter.com/UjN3E7C5rS — Paul Krugman (@paulkrugman) January 22, 2023 We'll get more data in the weeks ahead, but at …
YouTube/PeterSchiff, Released on 3/23/21 Stock market down on anniversary of 2020 crash. Biden readies $4 Trillion more in #stimulus before the ink dries on the last round of checks. #Krugman back with more Keynesian nonsense. Virtual Fifth Avenue is not …
by William L. Anderson via Mises Wire One of the first lessons I give my economics students in the principles courses I teach or in my MBA classes is the famous Diamond-Water Paradox, or what economists historically have called the Paradox …
Nobel Prize-winning economist Paul Krugman says bond market signals are flashing “a pretty good chance of a recession sometime in the next year or so.” He points out that China is struggling and Europe may already be in a recession. …
Krugman: The Economics of Soaking the Rich. Krugman argues in favor of marginal tax rates in the 80% range for the “rich.” Economist Bill Anderson comments on my Facebook page (reprinted with permission): “At the 2004 Southern Economic Association meetings …
by Michael Snyder There is a growing consensus that once the next economic crash finally arrives that it will be significantly worse than what we experienced in 2008. This is something that I have been saying for a very long time, …
via Jacob Sugarman Paul Krugman will be the first to admit he got the first year of Donald Trump’s presidency wrong. On election night, he concedes he let his “political feelings distort his economic judgment,” predicting that Trump’s upset victory would lead to …
