Death of the Middle Class?

Lots of jobs that existed in recent memory — secretaries, travel agents, gas station attendants, cashiers — have been replaced by technology. The middle class may be disappearing with them.

Mortgage Foreclosure Fiasco

Banks are faced with a huge number of foreclosures and that resources they’ve allocated towards handling them was woefully inadequate.

Barney Frank Revises History

Greg Mankiw notes a curious revisionism in Barney Frank’s pronouncements on Fannie Mae and Freddy Mac.

Taxes and Incentives

Greg Mankiw argues that, the more of his money the government takes, the less incentive he has to earn more. That’s debatable.

Report: Unemployment Crisis May Last Until 2020

If job growth continues at the anemic pace that it has been on in 2010, it could be quite some time before we return to the “Good Old Days” of 5% unemployment.

IRS Considers Licensing Tax Preparers, Exempting Lawyers

The IRS wants to license tax preparers but exempt lawyers and CPAs from the requirement.

Breaking: Stock Market is Weird

Dow closes above 11,000 for first time since May after a decline in jobs boosts hopes of stimulus measures from the Fed.

September Jobs Report Confirms Economy Remains Anemic

Another month, another bad jobs report. Changing Name? is contemplating a name change to distinguish their brand from that of a left-leaning cable news channel.

Facebook’s Inevitability

If Mark Zuckerberg hadn’t invented Facebook someone else would have. Probably within a month or two of his invention.

American Life Within Living Memory

It’s worth reminding ourselves, in a country where so many are trying to figure out the best way to keep excess fat off our bodies, how recently abject poverty was widespread here

Is The Game Fixed?

A third of the Forbes 50 were born billionaires. Does that mean the game is fixed?

Recession Over ? Most People Don’t Think So

The numbers tell us we’re not in a recession, but the public thinks otherwise.

Quote of the Day – NFL Edition

Just because somebody pay you money don’t mean they’ll make you do whatever they want or whatever.

Death Of The Salesmen

Thanks to the Internet, there are a lot more Willy Lomans out there.

Facebook’s Business Model

Facebook’s 26-year-old founder, Mark Zuckerberg, is one of the wealthiest men in America. Most of his work force is unpaid.

Blockbuster Goes Bust

Blockbuster is trying to reorganize itself, but it’s probably too late.

College Wage Premium

The earnings gap between those with and without a college education continues to grow. But this masks other realities.

Union Hires Non-Union Workers to Protest

The UFCW of Nevada pays temporary workers minimum wage to demand fair treatment and wages from Wal-Mart.

Lady Gaga Stole My Pie

The super rich have a lot larger share of total income than they did a generation ago. Are they taking it from the rest of us?

The Risk of a Fiscal Crisis

The CBO sees a clear threat of a fiscal crisis during the next two decades unless we’re saved by magic ponies.

Warren to Oversee Creation of Consumer Protection Agency

Warren to appears set to oversee the establishment of the new Consumer Financial Protection Bureau.

Inequality and Opportunity

Is our problem that the very rich have too much money? Or that the rest of us don’t have enough?

Those Overeducated Ethiopians

Bryan Caplan argues that the fact so many kids in the developing world don’t go to school proves that education isn’t very valuable.

Eurozone Gets Some Sanity

Responding the near-collapse of the Greek economy, forestalled only by a massive bailout from their brethren, the EU’s finance ministers agreed this morning to submit the outlines of their budget plans for approval by the European Commission.

Paul Krugman’s Economic Silliness

According to Paul Krugman’s latest column, the massive destruction of World War Two was actually good for the U.S. economy. Sadly, there are people who consider him an expert.

Another Month, Another Anemic Jobs Report

The August jobs numbers may be “better than expected,” but they still aren’t all that great.

Bush, Or Obama ?

Debt: Our Greatest National Security Threat?

Admiral Mike Mullen, Chairman of the Joint Chiefs of Staff has proclaimed, “The most significant threat to our national security is our debt.” Is he right?

Iraq War Cost Less Than Stimulus!

FOX reports that the entire combat phase of the Iraq War will cost less than President Obama’s stimulus. That’s not a useful comparison.

Homebuyer Tax Credits: The Return Of A Really Bad Idea

After several months of bad housing sales, politicians in Washington are starting to talk about bringing back one of the worst public policy programs of the last two years.

Fear And The Housing Market

For many reasons, the housing market is unlikely to fully recover for the foreseeable future.

Chart Of The Day: The Housing Bubble Has Not Fully Deflated

The housing market that existed from the late 1990s until 2007/08 was an historical anomaly, and anyone expecting a return to those days is fooling themselves.

College Athletics Losing Money

Despite raking in billions of dollars in television, ticket, and licensing revenues, all but 14 of the 106 schools in the NCAA’s top athletic division lost money in 2009. The median loss was over $10 million.

2nd Quarter GDP Growth Revised Downward To 1.6%

Another set of bad economic numbers are out today, and one wonders when we’ll start getting the good news.

Ireland’s Credit Takes a Hit

A combination of news and some lunchtime satire.

Boehner To Obama: Fire Your Economic Advisers

House Minority John Boehner is getting a lot of attention for calling for mass firings at the White House. The real news, though, is that his speech is shifting the focus of the political conversation back to the economy. Which is just what the GOP needs.

Once Again, Nobody Wants A Dollar Coin

Take a good look at that dollar coin, because you’re unlikely to see it circulation any time soon.

Should We Be More Like Germany?

What do the critics mean when they say that the United States should be more like Germany?

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