Cochrane: Just don't call it "stimulus"! by Noah Smith

Cochrane blogs: "But many advocates, like Krugman and Delong, want more government spending even for times and for countries (Greece) with high interest rates."

I think they have a more nuanced answer. Austerity won't solve Greece's problems for many, many years.


David Brooks' Ignorance is Showing Again by Dean Baker

In his column today David Brooks provided a brief discussion that purports to show that the growing inequality is attributable to a mix of globalization and technology and the moral failings of the working class. A little reflection would lead people to reject both parts of this explanation.

John Cocharen welcome to my Rogues Gallery! Brooks is a longstanding member of good standing.