The New Republic

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Last month I wrote a piece noting (a la Paul Krugman) that it was tough to see where growth would come from absent some technological breakthrough that attracted a wave of business investment. I went on to argue (not a la Krugman) that the imperative for such a breakthrough was so strong we might want to consider something as crude as industrial policy to expedite the process. READ MORE >>

Long before Martin Wolf became the chief economics columnist for the Financial Times, he wrote the newspaper letters--lots and lots of letters. It was the early 1980s, the height of the Thatcher era, and Wolf was running research at a think tank in London that was sympathetic to the government's pro-trade agenda. The FT's letters section became the ideal place to take to task all those who would stand in the way of the first waves of globalization. READ MORE >>

With speeches by White House economic advisor Larry Summers on Friday and President Obama today on Wall Street, the Obama administration is moving from triage as the chief aim of economic policy to recovery.  READ MORE >>

So I think I agree with pretty much every point Paul Krugman makes in yesterdays' Times magazine about where economics went off the rails. Including his big prescriptive point: READ MORE >>

California is auctioning items on eBay to raise funds. What Bernanke's reappoinment means for Larry Summers. Cowen, Thoma, DeLong, Reinhart, and Galbraith on Bernanke's future. READ MORE >>

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There are three kinds of "bubbles"--a term often used loosely when asset prices rise a great deal and then fall sharply, without an obvious corresponding shift in "fundamentals." READ MORE >>

Jamie Dimon has won big. JP Morgan Chase now stands alone, both in financial position and political clout--including special access to the White House and, as explained in today's NYT, Rahm Emanuel's likely attendance at his next board meeting tomorrow.  READ MORE >>