The Slack Wire

When we left off , we'd concluded that the relationship between g , the growth rate of GDP, and i , the after-tax interest rate on gover...

Matthew Yglesias is puzzled by the fundamental weirdness of having so much savings flowing uphill from poor, fast-growing countries into ...

If we're going to discuss fiscal policy, we should be clear on the accounting relationships involved. So, here are some basic equations ...

Remember that old joke? The Slack Wire was hit by a bunch of spam comments just now, which I promptly deleted. Whatever, it's a blog, ...

Over at Crooked Timber , they're discussing Martha Nussbaum's new book on "Why Democracy Needs the Humanities." Sounds lik...

When he's right, he's right : everything we’re seeing makes sense if you think of the Right as representing the interests of renti...

This may be the answer to this . Shorter DeLong: It is perfectly obvious that the cause of the Great Recession was an insufficient sup...

A friend writes: In August 1968 I was on an SDS trip to Cuba, one of about 30 student activists from around the US. One day we went to the...

John Maynard Keynes, in a 1942 BBC address: Let us not submit to the vile doctrine of the nineteenth century that every enterprise must jus...

It's September of 2007. Though almost no one realizes it, the so-called Great Moderation is ending. The housing bubble has just peaked, ...