Republicans are not blowing up the deficit for fun. They have a very specific purpose in mind and it has nothing to do with making America great again. If you haven't turned on cable news or read a newspaper in the last week, you'd be forgiven for not noticing that the media is ...read more

Despite the conservative insistence that the same economic policies responsible for wrecking the economy in 2008 are the only ones capable of fixing it, President Obama has now definitively shown otherwise.  The release of the annual Census Bureau report on income, poverty and ...read more

Welcome to this week's edition of The Daily Banter Mailbag! Today, Bob, Ben and Chez discuss austerity and Keynesian economics, the tea party and political fisticuffs. The questions: 1) Do you think the Pan-European strikes and protests, and/or the decisive de-facto rejection ...read more

Paul Krugman sums up the German economic policy of austerity that is causing immense misery throughout Europe: Why do it, then? Partly it’s because Europe is still operating on the false theory that this is essentially a fiscal issue; partly it’s to assuage the Germans, who ...read more

Two giants in economic thought squared off last night to debate their competing economic theories on Bloomberg TV. On the Right was Congressman Ron Paul, champion of extreme libertarianism, and on the Left, Paul Krugman the most prominent advocate of Keynesian economics. The ...read more

Another nail in the coffin for neo liberalism in Britain (from the Guardian): An extra £5bn of capital investment, funded by spending cuts elsewhere, will form the centrepiece of an overall £30bn national infrastructure programme due to be announced by George Osborne on ...read more