Axis of Depression

Axis of Depression – NYTimes.com: “So what’s really motivating the G.O.P. attack on the Fed? Mr. Bernanke and his colleagues were clearly caught by surprise, but the budget expert Stan Collender predicted it all. Back in August, he warned Mr. Bernanke that ‘with Republican policy makers seeing economic hardship as the path to election glory,’ …

Three Steps Toward a Balanced Budget

Three Steps Toward a Balanced Budget: “Our personal and national relationship to debt is indeed a moral issue. Leaving our children to pay the bills for excessive spending cannot be justified. But, if a budget really is a moral document, how we reduce the deficit is also a moral issue. Our budget should not be …

Why Friends Dont Let Friends Vote Republican, Ever

Why Friends Don’t Let Friends Vote Republican, Ever: “ Ezra Klein watches newly-elected Republican House member Andrew Harris (R-MD) demonstrate why he should immediately resign his post and let himself be replaced by somebody who is more intelligent: GOP legislator frets over 28 days without insurance — but what about 30 million he’d leave uninsured?: …

Why Our Tax Code?

Why Our Tax Code?: “But if you are the rich people in a democratic society where most people believe in reduced inequality, what kind of tax code do you want? You want to start with an overall progressive structure (so the people won’t revolt), and then you want a boatload of exceptions to that structure that …

Comparing Democratic and Republican tax plans

Comparing Democratic and Republican tax plans: SOURCE: Joint Committee on Taxation (Via The Washington Post.) Reason #4080 to vote against the GOP: rational economic self-interest.

Amos on Economic Justice

“We will buy the lowly for silver, and the poor for a pair of sandals; even the refuse of the wheat we will sell!’ The LORD has sworn by the pride of Jacob: Never will I forget a thing they have done!” What does that say about minimum wage?

Efficiently Just?

“These are not idle academic ruminations. Suppose a restructuring of the economy has the effect of increasing the growth of average gross domestic product per capita, but that the benefits of that growth accrue disproportionately to a minority of citizens, while others are worse off as a result, as appears to have been the case in the United States in the last several decades. Can economists judge this to be a good thing?”

Morally Impoverished Economics?

One must wonder whether physicians, nurses and other workers toiling day and night in health care — let alone the medics and helicopter pilots who risk their lives to help the wounded — see their work and its product quite as Mr. Limbaugh casts it. One further wonders whether families with a cancer-stricken member are …