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05 Jul

America's terrible institutions

MANY people have complained during the recession that too much authority has been concentrated in the executive and the Federal Reserve. They have a point, but the problem seems to be that the legislative branch of government has become entirely dysfunctional. What's more, it appears to be beyond...

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Missing the point on carbon tariffs

PAUL KRUGMAN doesn't seem to be paying attention to the arguments opponents of carbon tariffs are actually making. It's much easier, I guess, to make up an opposing view to debate against. He writes:So the economics are right; it’s WTO-legal; and it would neutralize a major political argume...

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Inferior goods?

TIME'S Cheapskate blog is collecting a list of goods that have enjoyed an increase in demand through the current recession. Time political writer Michael Scherer helpfully summarises (with links):Seeds, Condoms, Romance Novels, Donuts, Silly Movies, Smartphones, Yoga, Lotteries...The theme would ...

Bury Free exchange 3 days ago

Cutting off the flow

My COLLEAGUE wrote about European attitudes to immigration a couple of days ago, and pointed to this news story about Spain paying immigrants to return to their countries of origin. It seems that's only the tip of the iceberg when it comes to things rich countries are doing to limit immigration. ...

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Tracking the jobless recovery

THE American labour market has apparently stalled out while trying to pull out of its early year dive. There was clear improvement in the rate of decline through late spring, but that progress appears to have ended, and labour market data shows an economy that continues to steadily shed jobs. The...

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Fifty little Hoovers, hoovering up stimulus

MATTHEW YGLESIAS makes a good point:Reading Harold Meyerson’s column on the looming devastation of California public services was yet another reminder of the remarkable extent to which the terrible continuing economic situation has bizarrely dropped off the political agenda. Even the whole ...

Bury Free exchange 3 days ago

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