Over at Project Syndicate: Depression’s Advocates: Back in the darker days of late 2008 and 2009, I had one line in my talks that sometimes got applause, usually got a laugh, and always made people more optimistic. Because the North Atlantic had lived through the 1930s, I would say “This time we will not make … Continue reading »
debt crisis
Urgently needed: An international initiative on Greece
Do not hold your breath on Sunday’s deadline for credible Greek proposals to come up to unlock the Greek crisis. This is mostly a trap to accelerate Grexit. At best, it is a Pontius Pilates move by German Chancellor Angela Merkel — to wash herself of the responsibility of Greece spiraling into chaos. Let us … Continue reading »
Misframing the Greek protest
The calls these days to support the Greek people’s struggle against austerity are in abundance. The Campaign for Democracy group has issued one such petition. I signed this petition, as I do support the Greek people’s fight for social justice and regaining some control of their destiny. But what a pity this is being framed … Continue reading »
The job stall
The White House must be telling itself there are still five months between now and Election Day, so the jobs picture could brighten. After all, we went through a similar mid-year slump in 2011 but came out fine. But however you look at today’s jobs report, it’s a stunning reminder of how anemic the recovery … Continue reading »