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By Mark Bahnisch on July 31, 2011
Titanic battles between good and evil are fantasies, and the debt ceiling crisis illustrates what can happen when the fantastic power of ideology prevails.
Posted in Disasters, Economics, Featured, Politics, Sociology, USA | Tagged barack obama, debt ceiling crisis, GOP, ideology, libertarianism, neo-liberalism, Paul Krugman, Rand Paul, Republicans, roundtable, Tea Party, US politics |
By Robert Merkel on June 30, 2010
Nick Gruen at Troppo is apparently a tad bored by yet another column by Paul Krugman on his fears of a “long depression” To quote Krugman: We are now, I fear, in the early stages of a third depression. It [...]
Posted in China, Economics, Europe, International | Tagged austerity, depression, G20, Paul Krugman, recession, stimulus |
By Mark Bahnisch on January 26, 2010
Responding to the loss of Ted Kennedy’s Massachussetts Senate seat to Republican Scott Brown, Barack Obama is set to announce a three year discretionary spending freeze. (Note that military spending is apparently compulsory not discretionary.) Nate Silver at FiveThirtyEight.Com thinks [...]
Posted in Economics, International, Markets, USA | Tagged andrew leonard, Australian politics, barack obama, blue dog democrats, Brad DeLong, Coalition, deficits, Economics, Evan Bayh, firedoglake, G20, GFC, global financial crisis, growth, herbert hoover, ideology, Liberal Party, nate silver, Paul Krugman, Politics, recession, Robert Reich, Salon, spending freeze, stimulus, US politics |
By Ben Eltham on March 24, 2009
Wall Street and and the ASX have rallied hard in approval of US Treasury Secretary Timothy Geithner’s bank rescue plan. In this post I am going to examine the Geithner plan, try and describe and explain what it is, and [...]
Posted in Economics, Markets, USA | Tagged bail-out, Brad DeLong, Economics, finance, global financial crisis, Gregory Mankiw, Paul Krugman, subprime, TALF, TARP, Timothy Geithner, toxic assets |
By Mark Bahnisch on March 9, 2009
Politically, much of the resilience of Kevin Rudd’s government in the face of the economic downturn is explicable by voter perceptions that the causes of the crisis are external to this country – the Global Financial Crisis. While that’s largely [...]
Posted in Economics, Markets, USA | Tagged banking, banks, barack obama, credit crisis, economy, GFC, global financial crisis, ideology, Kevin Rudd, liquidity, nationalisation, nationisation, neo-liberalism, Paul Krugman, social democracy, Tim Keithner |
By Mark Bahnisch on January 22, 2009
In a piece in today’s Crikey sparked off by Kevin Rudd’s remarks about the difficulty Australian banks are having accessing foreign capital, Bernard Keane makes some good points about the response to the global financial crisis: Rudd’s rather anodyne response [...]
Posted in Economics, Markets, Policy | Tagged banks, bernard keane, economic policy, Economics, finance, financial sector, global financial crisis, John Quiggin, Kevin Rudd, Labor, nationalisation, neoliberalism, Paul Krugman, Rudd government |
By Mark Bahnisch on December 3, 2008
It’s hard to know whether to blame the pollies or the press gallery more for the sorry standard of political and economic debate in this country. Did that golden age Paul Kelly used to talk about when Paul Keating had [...]
Posted in Consumerism, Economics, Government, International, Markets, Media, Sociology, USA | Tagged ALP, barack obama, behavioural economics, cats claws, collective action, dialectic, economic management, economic sociology, economists, fiscal policy, George W. Bush, global financial crisis, interest rates, Julia Gillard, Julie Bishop, Kevin Rudd, Labor, liberals, LIBOR, lived economy, Malcolm Turnbull, non-farm growth, Paul Krugman, political economy, reserve bank, Rudd government, shared realities, social construction, Sociology, sociology of knowledge, unemployment, us economy |
By dk.au on October 14, 2008
The ‘Sveriges Riksbank Prize in Economic Sciences in Memory of Alfred Nobel 2008′ has gone to Paul Krugman “for his analysis of trade patterns and location of economic activity”. But as John Quiggin says, “The reality … is that economics [...]
Posted in Economics, Sociology | Tagged Economics Nobel, Paul Krugman |
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