hard heads soft hearts
Saturday, August 27, 2011
Arthur Silber - Once Upon A Time. . .
Briefly: after I pay the September rent next week, I'll be close to completely broke. Some other bills need to be paid.
Susie Madrak - Richard Trumka's message to Obama
Susie Madrak - God’s waiting room
John Amato - Update on Susie Madrak's Condition
Juan Cole - How to Avoid Bush’s Iraq Mistakes in Libya
BBC - Horror scenes at Tripoli hospital (via Atrios)
Question for economists: If the cause if this recession is the wealth effect, how much did the various forms of wealth fall during the slump, and how big was the wealth effect across various kinds of asset classes? Dean Baker frequently refers to a "8 trillion dollar housing bubble". where does this 8 trillion figure come from, and how solid is it? In general, I see a lot of discussion of income accounting, and the velocity of money, but not a lot of discussion of wealth accounting, and the velocity of wealth.
Question for politicos: What do the American people answer when asked "What is your greatest hope of what might happen with the Republicans/Democrats in power? What is your greatest fear of what night happen?" I'd guess that for most Americans, their hopes and fears are not dependent on which specific party is in power. But I have no idea what the actual hopes and fears, themselves, would be.
Krugman - Bernanke
. . .in 2000 an economist named Ben Bernanke offered a number of proposals for policy at the “zero lower bound.” True, the paper was focused on policy in Japan, not the United States. But America is now very much in a Japan-type economic trap, only more acute. So we learn a lot by asking why Ben Bernanke 2011 isn’t taking the advice of Ben Bernanke 2000. . .
Brad Delong - Some Things that Could Have Been Done--and That Could Still Be Done (quoting Mike Konczal)
A quick thought on recent blog posts on the unemployed's suboptimal job-searching skills: 1) same population, same crappy job-search skills in 2005 as in 2011, yet different levels of unemployment. 2) Those kids really suck at musical chairs. If they all showed a bit more pep & hustle, surely everyone could get a chair.
Zack Beauchamp (Daily Dish) - Keep Talking About Willingham (quoting Steve Benen)
Where is the evidence that Rick Perry is God-fearing? He executed an innocent man, then covered up the evidence of his innocence. Some claim that Perry would not have had the power to stop the execution, even if he had tried. I don't believe this (parole boards are very receptive to the opinion of the Governor on specific cases), but the fact is that he didn't try.
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