Tag Archives: economics

China’s New Silk Road Economic Belt

Eight jarring quotes from a recent Salon article by Pepe Escobar, a correspondent for Asia Times, suggest to me that China is going to fly past the United States as the preeminent global power–perhaps as early as a decade from … Continue reading

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A New Golden Age? The Empty Soul Revs Up, Getting Ever Better at Gobbling Things Into Its Seemingly Bottomless And Insatiable Abyss, And We Call It Prosperity

Some good news. We are basically living in the most peaceful and prosperous moment in human history. Ever. Here’s Fraser Nelson, editor of The Spectator: A study in the current issue of The Lancet shows […] Global life expectancy now … Continue reading

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Sweatshops Are A Good Thing?

I’m uncomfortable with the arguments made in the below video, but I can’t think of any holes in them. And the calm rationality on display seems to invite complacency. But I was already complacent.

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The Birds: Europe’s Debt Crisis Foreshadows President Obama’s Electoral Doom

I foresee, in the following New York Times reporting on the Eurozone economic crisis, the end of Barack Obama’s presidency: Jens Weidmann, president of the Bundesbank, the German central bank, argued Monday that the core problem in the euro zone … Continue reading

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The Speech: Indiana Governor Mitch Daniels’ SOTU Retort

Indiana Governor Mitch Daniels is bland oatmeal, but he’s civil and gave as good a speech as Barack Obama did for his 2012 State of the Union (SOTU) address. As a liberal who plans to vote for President Obama in … Continue reading

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Mitt Romney, Playing the Demagogue, Tells an Occupy Protester to Love America or Leave It

In the below video is some shameless demagogic grandstanding on the part of Mitt Romney. In it, he tells an Occupy protester that his concerns are not American. The exchange says a lot about Romney. The Occupy protester asks him … Continue reading

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Paul Krugman’s Advice to Italy and Spain: Inflate and Stimulate

Paul Krugman continues to think that what’s going on in Greece, Italy, and Spain says nothing—nothing!—about the political culture surrounding welfare statism in Europe and everything about the way the euro ties the hands of those making monetary policy: Japan is much more deeply … Continue reading

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Global Debt Slavery Watch: Economic Anthropologist David Graeber Thinks Slavery and Debt Slavery May Be a Distinction Without Much of a Difference

At Naked Capitalism, Dublin-based journalist Philip Pilkington asks economic anthropologist David Graeber an intriguing question: We know that in many Western countries over the past few years households have been running up enormous debts, from credit card debts to mortgages … Continue reading

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Debt-Ceiling Deal Watch: Obama Meep Meeps His Opposition

All the fire, brimstone, sackcloth, and ashes emanating from the American left and right surrounding the debt-ceiling deal misses the big story, which is the following: America’s course for the next decade is trending libertarian, and Obama is about to surf … Continue reading

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Jiaozhou Bay Bridge: China’s 26 Mile Sea Bridge is the Largest Ever Built

This is not an artist’s simulation of a 26 mile sea bridge that the Chinese would like to build someday. It’s a 26 mile sea bridge that the Chinese actually opened recently. They are starting to run circles around the … Continue reading

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Fusion on a White Horse? Michio Kaku Thinks So

Great news! Fusion’s technological problems appear to be “licked”, and (predicts Michio Kaku) will, by 2030-2040, be a feasible alternative to fossil fuels. Kaku also predicts that solar will become price competitive with fossil fuels within the next 15 years. See Kaku talking about these … Continue reading

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Is Barack Obama Doing a Jerry Brown?

On the debt ceiling debate, this seems to me a good sign (from the New York Times today): “We don’t need a minideal,” Senator Richard J. Durbin of Illinois, the No. 2 Democrat, said Wednesday on the Senate floor. “We … Continue reading

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Larry Summers on the Debt Ceiling Debate

I’m not a fan of Larry Summers. He’s part of the reason the banking crisis turned out as bad as it did. He supported, for example, deregulation of the banking industry throughout the Clinton and Bush years, and, when he had the … Continue reading

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Doctors, Jeopardy, and Computers

When I was recently watching online NOVA’s Smartest Machine on Earth—an exceptionally fascinating documentary on the IBM computer that defeated the two most accomplished (human) Jeopardy players in the game show’s history—it occurred to me that it won’t be long before … Continue reading

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Max Keiser on the “Blind Cult of America”

Max Keiser’s money program is uneven in quality and alarmist catnip for gold bugs, but this recent episode is mildly entertaining (though I don’t like his anti-intellectual populist posturing against Nobel Prize winning economist Paul Krugman). Max Keiser presents himself as a truth-teller bravely … Continue reading

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China vs. America: Advantage the United States (Because of Its Mind Wells)

If a recent projection is to be believed, China and the United States will be at gross domestic product parity sometime around 2016 (each country with a GDP in the 18-20 trillion dollar range). And because China’s growth is likely … Continue reading

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“Inside Job” documentary: a must see

If you haven’t seen Inside Job yet, it’s a must see. I’ve watched it on DVD three times over the past week. It’s one of the most powerful documentaries I’ve ever encountered (and I’m a longtime follower of documentaries). Liberal or conservative, … Continue reading

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The Global Financial Crisis 101

Perhaps the most honest, clear, and perceptive take on the international financial crisis to date:

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A Bit of Happy News for the Weekend

Willem Buiter is Citgroup’s chief economist, and here’s CNBC today reporting his forecast for the global economy over the next 40 years: “We expect strong growth in the world economy until 2050, with average real GDP growth rates of 4.6 percent … Continue reading

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John Boehner: If jobs are lost “so be it.”

The Los Angeles Times reports that the Repubican Speaker of the House, John Boehner, made the following retort to job losses from recently proposed federal budget cuts: “so be it.” Here’s the Los Angeles Times: House Speaker John Boehner (R-Ohio) dismissed concerns that the spending cuts … Continue reading

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