Category Archives: Keynesian economics

Why So Much Inequality?

Financial FAQs Wrightson/ICAP Nobel Laureate and NYTimes columnist Paul Krugman has said it would probably take something on the scale of an alien invasion to create the emergency programs and policies that would benefit all Americans, such as another New … Continue reading

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Will Those Jobs Return?

The Mortgage Corner Wrightson.com Initial claims for unemployment benefits fell by just 249K to 2.438 million in seasonally adjusted terms in the week of May 16, as the businesses begin to reopen in all 50 states.  The aggregate level of … Continue reading

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Consumer at Center of Any Recovery

Financial FAQs FRED retail sales The American economy has depended on consumers’ health, and consumer spending since the 1950s, really. Consumers generate some 70 percent of economic activity from their purchases, with government spending and capital expenditures in the private … Continue reading

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In The Age of Anxiety

Popular Economics Weekly thesocialhistorian.com We are now in a full-blown “Age of Anxiety”; not the first, of course. There was as much anxiety during the 1918-20 Spanish Flue pandemic that reportedly killed 50 million in a series of worldwide outbreaks … Continue reading

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The Times Are Changing

Financial FAQs DOL.gov “The Times They Are a Changin” was Bob Dylan’s song for the 1960’s. Change was happening because of the Vietnam War and civil rights era. That is nothing like the coming changes we will see in the … Continue reading

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The Times Are Changing

Financial FAQs DOL.gov “The Times They Are a Changin” was Bob Dylan’s song for the 1960’s. Change was happening because of the Vietnam War and civil rights era. That is nothing like the coming changes we will see in the … Continue reading

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The Coming Greater Depression?

Popular Economics Weekly MarketWatch.com Minnesota Fed Governor Neal Kashkari believes the COVID-19 pandemic doesn’t have to bring on another Great Depression. But it will still take some 18 months to recover, and only if Americans are able to cooperate in … Continue reading

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The Coming Anxiety Pandemic

Popular Economics Weekly Dryuz.com Americans’ confidence in their future is dropping substantially as they decide who to trust during the COVID-19 pandemic. Hence what Nobel laureate economist Robert Shiller has called the rise of its result—an anxiety pandemic. Dr. Shiller’s … Continue reading

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Our Record Income Inequality Needs Fixing

Financial FAQs FRED In an earlier column I imagined what could have been accomplished if the $2 trillion given to corporations in the 2017 Tax Cuts and Jobs Act had been put into upgrading our infrastructure, instead of given to … Continue reading

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When Will Consumers Recover?

Popular Economics Weekly BEA.gov The key to a robust recovery will depend on how American consumers react to the novel coronavirus pandemic and business shutdown. We were slipping into a recession, anyway. COVID-19 just sped up the inevitable results of … Continue reading

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