An Ugly Balance Sheet Indeed

Mark Thoma: This is What a Balance-Sheet Recession Looks Like, and It’s Not Pretty: Stephen Gordon says these graphs make him grateful that Canada is not the US: This is what a balance-sheet recession looks like, and it’s not pretty, Worthwhile Canadian Initiative: I had never heard the expression “balance-sheet recession” before this recent episode, …

Sharing Prosperity: Obama’s Economic Plan for Small Business

Obama does have quite the plan. It is a mixed bag to be sure, as anything political would be, but it is both a sound and refreshingly moral plan to help this economy work for all Americans.