Economic Crisis in US

Squaring the Political Circle in U.S.

Kenneth — Thu, 10 May 2012 15:59:02 +0000

The world, particularly the world economy, is pretty vulnerable at the moment. The recent French and Greek elections, and Germany’s unpredictable response to their results, have again raised the specter of a crisis in the euro zone that Robert Rubin, a former secretary of the U.S. Treasury, told me this week could be far worse [...]

Krugman book chastises “Austerians,” champions Keynes

Kenneth — Wed, 02 May 2012 17:35:29 +0000

Economists and politicians bewitched by the self-righteous allure of budget “austerity” are ignoring history, imperiling the fragile recovery in the U.S. and suffocating Europe, Nobel prize-winning economist Paul Krugman writes in his new book, “End This Depression Now!” “In the Great Depression leaders had an excuse: nobody really understood what was happening or how to [...]

FED OFFICIAL SEES FASTER GROWTH IN U.S. ECONOMY

Kenneth — Wed, 02 May 2012 15:59:25 +0000

The nation’s economy likely will grow faster than what most analysts are predicting, the president of the Philadelphia Federal Reserve said Tuesday in San Diego. Charles Plosser, CEO of the branch, said during a luncheon for the Chartered Financial Analysts Society of San Diego that the U.S. economy should grow by 3 percent year-over-year in [...]

Why Societies Fail: The ‘Other’ Consequences of Debt

Kenneth — Mon, 30 Apr 2012 17:38:07 +0000

We will be hearing a lot about debt between now and the U.S. presidential election. What will likely be absent in the debate, however, is any consideration of the relationship of debt to the requirement for perpetual economic growth and its role in the dramatic increase in economic inequality in the United States and the [...]