http://krugman.blogs.nytimes.com/2011/08/17/the-printing-press-mystery/
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A Chance to Reshape the Economy - Room for Debate
Is this dragged-out downturn an opportunity to make the U.S. economy stronger, or to rethink American work life?The American economy is very near death. It is time to think it.Let us take the frame here point by point.A graduated income tax on individuals seems to be the only fair way to collect the revenue necessary. Warren Buffet is right on this.Dependence on consumer spending.Merchantilism ( http://en.wikipedia.org/wiki/Merchantilism ) gives a reasonably easy view of trade. There are many strong arguments against the practice.( http://en.wikipedia.org/wiki/Seigniorage notes case. ) Consumer spending can only pass around wealth.Each consumer must have a source of revenue in order to stay solvent.An economy that imports cannot depend on consumer spending alone.(C)ould unemployment push the American work force toward shorter workweeks,|There is a marginal cost for each employee. As long as this is true there will be a managerial pressure for more yield from each one.
The entitlements are attached to the worker's income as a flat tax. To follow the European model and take them out of the general fund was considered too socialistic when they were instituted.
Management collects its income as a rent on employment. Higher incomes for workers imply more rent to managers. Managers will drive each employee to the highest possible yield. We will see no job sharing or other reduction in load as long as entitlements and other benefits are attached to pay.
Yes, we need to plan the structure of our economy. This is an opportune time to do it. The Reactionary portion of our body politic feels very threatened. -
Four Ways to Fix the Economy - Room for Debate
America's education, entitlement, finance and litigation systems all need to be reoriented to promote growth.George Mason University, though reputable, has a very reactionary bent."First, our kindergarten through 12 education system has been delivering stagnant results in terms of graduation rates and test scores." Perhaps in Virginia the school teachers are ignorant.
"Second, we need fundamental entitlement reform toward the goal of limiting government spending." Only if you refuse to tax.
"Third, we still need to shrink the financial sector, which absorbs too much American talent and receives too many government bailouts."He is a hard money man and just a bit jealous."Fourth, our current economy has too much regulation and too much litigation." Here speaks the Tea Party without a filter.
Just forget you ever saw it.He is reasoning, in so far as he is reasoning, from lies.
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How Budget Cuts Will Change the Black Middle Class - Room for Debate
What will the shrinking of the public sector mean for the economic prospects of African-Americans?Cutting the federal budget will destroy the black middle class. -
Making Things in America
These comments are all hope based on faith.
Paul Krugman must have been feeling good.
TimesPeople recommended a blog post:Aug 16, 2011Bachmann's Bridge: Worth Building? - Room for Debate
Michele Bachmann is pushing an expensive bridge for her district. Democrats support it too. Should it be built?I see no reason to encourage urban areas to grow.Suburbs are a bad idea. Company towns are a worse one.-
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LinkedIn Targets Mobile Users
I will probably quit linked in soon.I have no interest in mobile apps in general. -
High in the Hills of Corsica
Any time you want to go.
The sierras are also good.
Try the Tuolumne back country, north of Yosemite.
http://en.wikipedia.org/wiki/Grand_Canyon_of_the_Tuolumne -
A Theory of Everything (Sort Of)
Even Thomas Friedman admits that we have a group of skilled ambitious people with no real access to decent living.
When the last shreds of hope are stolen from them they become disorderly. -
Shorter Workweeks, Longer Vacations - Room for Debate
Now that this wealth has vanished, so has the consumption that it fueled. The answer: share the work.Union. -
More Businesses Could Become Cooperatives - Room for Debate
The U.S. fiscal and economic challenges today stem from a basic problem: too many companies and assets are owned solely for profit.http://en.wikipedia.org/wiki/Corporationhttp://en.wikipedia.org/wiki/Publicly_traded_corporationhttp://en.wikipedia.org/wiki/Fiduciary_duty"When a fiduciary duty is imposed, equity requires a stricter standard of behavior than the comparable tortious duty of care at common law. It is said the fiduciary has a duty not to be in a situation where personal interests and fiduciary duty conflict, a duty not to be in a situation where his fiduciary duty conflicts with another fiduciary duty, and a duty not to profit from his fiduciary position without express knowledge and consent."
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mexicanrobot
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Making Things in America
Paul Krugman must have had a good night.The responses here are statements of hope due to faith.
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Wanted: A Good Job and Some Understanding
Something for nothing looks very attractive.
It never delivers. The costs are very real.
He is still teaching and needs to know it. -
Our Crisis of Well-Being - Room for Debate
We’re exhausted, we’re stressed -- and for relief we go shopping.Unions.These are management problems.Most of us live to the whim of corporate management. -
Being From Texas Isn't the Issue - Room for Debate
Perry's fate in the primaries will have more to do with substance than style.Yuval Levin is drinking the Kool-Aid. Texas is at least as deep in the hole as California and they go to church.
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