Productivity Killing American Economy?

Derek Thompson argues that “the real reason Americans fell so squeezed” is our obsession with productivity.

Post Hoc Ergo Propter Hoc

Did World War II teach us anything about spending-as-stimulus? Not really.

July PCE

Thank goodness, the July PCE numbers look pretty good compared to recent months. Lets hope it is something that will continue.

Do Conservatives Get a Pass?

How would a Democrat-equivalent of Rick Perry be received?

Hurricane Irene And The Broken Window Fallacy

Repeating the “destruction creates wealth” fallacy every time there’s a natural disaster doesn’t make it any less of a fallacy.

Well…It Could be Worse

Updates to the Gross Domestic Product numbers for quarter two aren’t good, but they could have been worse. Still, the risk of recession is considerable.

Is There Really Anything Ben Bernanke Can Do?

Ben Bernanke didn’t offer many clues in his speech today, but one wonders if he really has any tricks left up his sleeve.

Libya Not Vindication for NATO, It’s a Wake-up Call

My latest for The National Interest is posted under the somewhat misleading headline “NATO Fails in Libya.”

Do Earthquakes Stimulate the Economy?

Either a bunch of bloggers or one of the world’s smartest economists doesn’t understand economics.

Jon Huntsman Goes On The Attack

Jon Huntsman is not going to be the Republican nominee in 2012, but he seems ready to carve out a niche for himself.

Fears of Another Global Recession

The signs are not good.

US Competitive Balance

Not only is the US outspending all our allies and competitors combined in real dollars on defense, we’re doing so in terms of GDP as well.

Social Security as a Ponzi Scheme

Social Security is like a Ponzi scheme in one way but not in other, more important ones.

Downgrading Standard & Poors

While it’s hard to argue with S&P’s political analysis, its economic judgment is a head-scratcher.

Yay! Debt Hits 100% of GDP and Other Good News!

Don’t worry be happy!

What Recovery?

Following on Doug’s cheery post about the weak state of the economy here are some more things to consider.

Manufacturing Slows In July, Stoking Slowdown Fears

Another round of economic statistics raises questions about the health of the economy.

Second Quarter GDP Shows Economy Slowing To Near-Recession Status

And you thought the bad economic news was over.

Study Finds That Affordable Care Act Isn’t All That Affordable

Another government program isn’t going to bring health care costs under control.

With Economic News Like This, Why Would Anyone Risk Crashing The Economy?

Economic figures released today demonstrate clearly why the irresponsible talk surrounding the debt ceiling must end.

The Innumeracy of the Republican Party

Even if we adopt the “Cut, Cap and Balance” plan, tax hikes are a necessity.

Wall Street Journal: The House GOP’s Balanced Budget Amendment Is A Bad Idea

One of the GOP’s staunchest media allies isn’t too impressed with their Balanced Budget Amendment.

Moody’s Is Right, Eliminate The Debt Ceiling

Moody’s is on the right track. The current debt ceiling law has done more harm than good.

Balanced Budget Nonsense (Part II)

Let’s look at the actual proposal.

The Economy And The 2012 Elections

It isn’t just President Obama who should be worried about the economy next year.

GDP Alone Does not Tell the Development Story

Yes, China’s GDP growth has been impressive for some time now, but it is not the sole way to understand development.

Should We Be More Like China?

I’m continually shocked when demonstrably bright and accomplished people fall in love with authoritarian states.

White House To America: Pay No Attention To Those Bad Economic Numbers

The White House would really appreciate it if you didn’t pay attention to all that bad economic news.

The Balanced Budget Amendment Is A Bad Idea

House and Senate Republicans are pushing a Balanced Budget Amendment. It sounds like a good idea, but it isn’t.

UCLA Forecast: More Slow Growth

More slow economic growth, the L-shaped recession.

U.S. in Worse Shape than Greece

We might be looking at a potential fiscal crisis.

Tim Pawlenty’s Fiscal Plan: Too Good To Be True

Tim Pawlenty’s new fiscal plan isn’t very grounded in reality.

Mitt Romney: Defender of the Free Market

To the shock of no one, Mitt Romney announced his bid for the GOP presidential nomination today.

The Eurozone Crisis Won’t Just Go Away

Despite what appear to be the fond hope of European central bankers that it will just all go away, something needs to be done. But what?

Economic Horror Show

And even more bad news.

We Are On the Verge of Great, Great Depression

All in all, not looking like it will be a fun summer.

Economic Growth Slows In First Quarter. What If This Is As Good As It Gets?

Will days of strong economic growth ever return? And what happens if they don’t?

Obama: Moderate 90s Republican?

Obama’s main politics are hardly as leftist as many make them out to be. Indeed, much of them could have fit well in the the GOP of 1990s and early 2000s.