On November 8, 2016, in the wake of Donald Trump’s first triumph, I wrote “It is, appropriately enough, gray and wet in Washington, DC this morning. Brilliant sunshine would be almost more irony than one could bear.” Today, we are not so lucky. What I had to say in my earlier post, which bore the…
Tag: neoliberalism
OMG! I’m turning into Larry Summers! But not all the time!
The truth can be ugly, can’t it? Here are, courtesy of frequent good guy yet employed by the American Enterprise Institute James Pethokoukis, a number of cogent (I think) charts to illustrate a recent cogent (I think) talk by Larry at the Peterson Institute for International Economics titled “What Should the 2023 Washington Consensus Be?”,…
Yeah, I flunked Econ 101! What’s your point?
As a matter of fact, I I didn’t flunk Econ 101, because I never took it! So what? To quote Mel Brooks, I’m an old man and I’ve got a right to talk. And, to quote another old man, Richard Nixon, “I am not an intellectual, but I do read books!” Well, I do and…
Neoliberalism and its discontents
Almost exactly one year ago, I wrote a contemptuous take down of Thomas Piketty’s then notorious book, Capitalism in the Twenty-First Century. If anyone has been citing Piketty’s arguments in the current presidential primary season, I’ve yet to hear it, but that hardly matters, because global capitalism is taking a pounding from all quarters, a…