Tag Archive for 'recession'

An Economic Car Crash in Slow Motion

// Fareed Zakaria writes recently in Newsweek that maybe the economic situation is not so bad after all. The financial system has calmed down and government intervention has helped with economic stability over the last year. Severe problems remain, like high unemployment in the West, and we face new problems caused by responses to the [...]

The Supply and Demand for Idiots

// When it comes to the current economic crisis, conservatives and Republicans argue (stupidly) that it resulted from excessive state intervention in the economy, with the government forcing banks to lend to people who couldn’t afford it. Meanwhile, liberals and Democrats argue (stupidly) that it resulted from the “Bush economic policies” whatever that means. Listening [...]

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