economics

Everybody knows that Paul Krugman is a Nobel Prize-winning economist, a sometimes combative columnist and a liberal lion. But in a conversation which aired this weekend we learned more about his personal response to an ongoing crisis he describes as "really nasty," "very, very severe," and "gratuitious," and which he says "will not go away quickly or necessary at all" unless we do something. more »

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On a warm evening in 1991, a colleague and I found an out-of-the-way café in the old part of Prague. Two men with blank expressions stood outside. The interior was dim and close, with room for only eight or nine tables. The place was almost empty. Just a sleepy waitress, a bartender polishing glasses, and a single patron who sat alone drinking wine and chain-smoking cigarettes.

The President of Czechoslovakia wasn’t reviewing official papers. He was reading a book, a startlingly un-Presidential act to our American eyes. My companion, a neoconservative State Department official, already admired him for defying and defeating a Communist state. He'd impressed me by bringing a writer’s sensibility and an affinity for true underground culture to his role as head of state.

Havel even tried to appoint Frank Zappa as his Minister of Culture. “We’re not rock musicians,” Zappa told a reporter back in the sixties. “We’re electronic social workers.” The State Department wouldn't let Zappa assume the post, but Havel had made his point to the Czech public by offering this apparatchik's position to the composer of songs like “What’s the Ugliest Part of Your Body?” (“Some say your nose, some say your toes, but I think it’s your mind.”)

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So everybody’s hearing the news, right?

There is a tentative debt ceiling deal, and this Administration and Congressional Democrats seem to have won everything they wanted: Republicans get to have multiple “we don’t approve” votes before 2012 on raising the debt ceiling, there won’t be any new revenue, there’s going to be another “hostage-taking” event around Christmastime, for more »

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What do you do when the economy's a disaster, things are getting worse, and nobody seems to give gives a damn? What do you do? This country has been divided into two economies. One's the economy of Wall Street and corporate Manhattan, along with Washington's thriving economy of lobbyists, politicians, ex-politicians, national security contractors, and assorted hangers-on.

Call that one the "Acela Economy," since Amtrak's Acela Express links the two urban areas.

Then there's the other economy, the one where most people live. Let's call it the "Majority's Economy." It's a catastrophe, and it's getting worse, not better. Guess which one is getting more attention and care in Washington DC?

It's illegal to shout 'fire!' in a crowded theater. But what if there really is a fire - and nobody cares? It's not like anybody's going to start a stampede in Washington. It would be a major accomplishment just to disrupt their REM sleep.

Fire!

Meanwhile the volunteer firefighters are back at the station as flames rise higher, drinking beer and bitching about how much it costs to gas up the truck. That's because they're afraid the well-paid folks at both ends of that train line will be asked to picked up some of the tab.

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Diligent reporter that I am, I got up yesterday morning to do a bit of fishing for a story, and as so often happens, I’ve caught something a bit unexpected.

Now what I have for you today starts out as a bit of insider information that came to me on background—but it turns into a chance for those of us who support Social Security to very much get in the faces of our members of Congress, for more »

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In our efforts to form a more perfect Union we look to the Constitution for guidance for how we might shape the form and function of Government; many who seek to interpret that document try to do so by following what they believe is The Original Intent Of The Founders.

Some among us have managed to turn their certainty into something that approaches a reverential calling, and you need look no f more »

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There’s a lot of ways to be petty and cheap and stupid, and a lot of ways to stick it to a program you don’t like, and by extension, the clients of that program…and this week the House Republicans have embarked on an effort to combine the two into one petty, cheap, and stupid way to stick it to the clients of Social Security and the workers who administer the program. more »

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So it’s Day 3 of my fake campaign for Congress, and we’ve run into our first obstacle more »

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8:40 more »

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