@10:42, 07/31/11 2

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  TimesPeople recommended an article:

  Jul 30, 2011

  The Video Store, Reinvented by Necessity

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    Andrew recommended a blog post:

    Jan 1, 2011

    Simon Johnson: Fresh Crises Loom in Europe and the United States

    Simon Johnson, the former chief economist at the International Monetary Fund, is the co-author of “13 Bankers.”

    
    

    It is August 1914,  The archduke of Austria has been assassinated and Russia is mobilizing.  

    
    

    Oh What A Lovely War

    See below.

   

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  TimesPeople recommended a user:

  Jul 30, 2011

  hardleft

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  TimesPeople recommended a user:

  Jul 30, 2011

  stewarjt

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    Andrew recommended a blog post:

    Jan 1, 2011

    Simon Johnson: Fresh Crises Loom in Europe and the United States

    Simon Johnson, the former chief economist at the International Monetary Fund, is the co-author of “13 Bankers.”

    Been there, done that.

    http://www.econbrowser.com/archives/2011/07/the_bonds_of_au.html

    http://economistsview.typepad.com/economistsview/2011/07/blinder-forget-debt-the-emergency-is-unemployment.html

    
    
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  TimesPeople recommended an article:

  Jul 30, 2011

  Debt Problem’s Sure Cure: Economic Growth

  This is well known.   The fix was well known.

  Paul Krugman got his Nobel for understanding and contributing to that understanding. Here is his side bar from his blog:

  Some links to stuff I’ve written bearing on macroeconomic policy. Read all of them, and you’ll have a good sense of where I’m coming from.

  • A Dark Age of Macroeconomics
  • A History Lesson for Allan Meltzer
  • America’s Chinese Disease
  • China’s Water Pistol
  • Core Logic
  • Currency Wars and the Impossible Trinity
  • Japan 1998
  • Liquidity Preference, Loanable Funds, and Niall Ferguson
  • Macro Policy In a Liquidity Trap

  • More on Friedman and Japan
  • Myths of Austerity
  • Optimal Fiscal Policy In a Liquidity Trap
  • Sam, Janet, and Fiscal Policy
  • Self-Defeating Austerity
  • The Doctrine of Immaculate Transfer
  • The Humbling of the Fed
  • The Instability of Moderation

  
  

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  TimesPeople recommended a blog post:

  Jul 30, 2011

  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?

  
  

  It will triple the unemployment rate.  

  It will remove what has been an exit from extreme poverty.

  Destruction is a near certainty.