CBO Forecast: Trillion Dollar Deficits, Slow Growth, And High Unemployment

The latest projections from Congressional Budget Office are sobering to say the least.

GDP Growth 2.8% In 4th Quarter: Not Great, Not Good, Barely Okay

Another weak GDP report that portends stagnation ahead.

Apple Worth More Than Greece (Well, Not Really)

The combined value of Apple’s stock is more than the GDP of some countries.

UK Defense Secretary Tough on Iran, Tougher on Europe

Philip Hammond addressed the Atlantic Council this morning in advance of a meeting with Leon Panetta.

What Lies Ahead For The Economy?

Where is the economy headed? The signals are mixed at best.

Rick Perry’s Wrongheaded “Government Reform” Plan

Rick Perry is out with a plan to reform Washington. Mostly, it’s just a bunch of gimmicks.

Bachmann Needs a Comparative Politics Class (and Some History and Logic, too)

Apparently, we should be more like China. Or something.

Obama’s Path To Victory

Despite the seeming odds against him, the Electoral College map is very favorable for President Obama.

Crazy Talk on Iran

Let’s compare Iraq and Iran.

Economy Adds A Mere 80,000 Jobs In October

Another month, another jobs report that makes you go “meh.”

Eurozone’s Perpetual Crisis

European leaders continue to kick the can down the road on a crisis that could bring down the global economy.

Rick Perry’s Not Really Flat Flat Tax Plan

Rick Perry’s tax plan isn’t very impressive.

Reassessing Occupy Wall Street And The 99%’ers

Some on the right are giving Occupy Wall Street and The 99%’ers a second look.

Targeting Nominal GDP

After years of fighting inflation, some are now urging the Fed to instead target GDP growth and jobs.

What If The Economy Never Really Gets Better?

The prospects for real economic recovery are not good.

Two To Three Weeks To Prevent A Meltdown In Europe?

It’s time to start being concerned about Europe.

Is The Chinese Economic “Threat” Overblown?

Are the worries about China overtaking the United States realistic?

An Outside the Box Stimulus Package: Stop Collecting Federal Taxes For Awhile. Period.

Karl Smith does the math and doesn’t see why the Federal government should be collecting ANY taxes right now.

Productivity Killing American Economy?

Derek Thompson argues that “the real reason Americans fell so squeezed” is our obsession with productivity.

Post Hoc Ergo Propter Hoc

Did World War II teach us anything about spending-as-stimulus? Not really.

July PCE

Thank goodness, the July PCE numbers look pretty good compared to recent months. Lets hope it is something that will continue.

Do Conservatives Get a Pass?

How would a Democrat-equivalent of Rick Perry be received?

Hurricane Irene And The Broken Window Fallacy

Repeating the “destruction creates wealth” fallacy every time there’s a natural disaster doesn’t make it any less of a fallacy.

Well…It Could be Worse

Updates to the Gross Domestic Product numbers for quarter two aren’t good, but they could have been worse. Still, the risk of recession is considerable.

US Capitol Rotunda US Capitol Rotunda

Is There Really Anything Ben Bernanke Can Do?

Ben Bernanke didn’t offer many clues in his speech today, but one wonders if he really has any tricks left up his sleeve.

Libya Not Vindication for NATO, It’s a Wake-up Call

My latest for The National Interest is posted under the somewhat misleading headline “NATO Fails in Libya.”

Do Earthquakes Stimulate the Economy?

Either a bunch of bloggers or one of the world’s smartest economists doesn’t understand economics.

Jon Huntsman Goes On The Attack

Jon Huntsman is not going to be the Republican nominee in 2012, but he seems ready to carve out a niche for himself.

Fears of Another Global Recession

The signs are not good.

US Competitive Balance

Not only is the US outspending all our allies and competitors combined in real dollars on defense, we’re doing so in terms of GDP as well.

Social Security as a Ponzi Scheme

Social Security is like a Ponzi scheme in one way but not in other, more important ones.

Downgrading Standard & Poors

While it’s hard to argue with S&P’s political analysis, its economic judgment is a head-scratcher.

Yay! Debt Hits 100% of GDP and Other Good News!

Don’t worry be happy!

What Recovery?

Following on Doug’s cheery post about the weak state of the economy here are some more things to consider.

Manufacturing Slows In July, Stoking Slowdown Fears

Another round of economic statistics raises questions about the health of the economy.

Second Quarter GDP Shows Economy Slowing To Near-Recession Status

And you thought the bad economic news was over.

Study Finds That Affordable Care Act Isn’t All That Affordable

Another government program isn’t going to bring health care costs under control.

With Economic News Like This, Why Would Anyone Risk Crashing The Economy?

Economic figures released today demonstrate clearly why the irresponsible talk surrounding the debt ceiling must end.