archive

The cause of our economic problems

Kendy Hess (Holy Cross): Metaphors Matter: Ethics and the Meme of the Market. Matt Zwolinski (San Diego): A Libertarian Case for the Moral Limits of Markets. Giorgio Baruchello (Akureyri): The Inconceivable Failure of Free-Market Liberalism. Republicans blame Obama for income inequality, ignoring recession. Ed Kilgore on how our economic problems keep changing, but the GOP's answers stay the same. Joseph E. Stiglitz on why stupid politics is the cause of our economic problems. Annie Lowrey on the rise of the economic-policy truthers. Paul Krugman on how it matters that the emerging G.O.P. consensus on money is crazy — full-on conspiracy-theory crazy. Yes, the Federal Reserve has enormous power over who is president: Every big ideological turning point — 1896, 1920, 1932, 1980, and maybe 2008 — has come after a big monetary shock. Jared Bernstein on how technocrats know how to fix the economy — and they did. David Dayen on why a $1 trillion D.C. spending spree is just what America needs. Michael Grunwald on the (real) bank of America: The USA has a bizarre $3 trillion portfolio of loans on its books — and no one in charge. TARP is now over, and it made $15 billion in profits. Anthony J. Casey and Eric A. Posner (Chicago): A Framework for Bailout Regulation. What failed in 2008? The only true lesson of the crisis so far seems to be that its lessons will never truly be learned.