If Europe’s Example Is Any Guide, Here

When Depression Economics Prevails, The Usual Rules Of Economic Policy No Longer Apply: Virtue Becomes Vice, Caution Is Risky And Prudence Is Folly.

Now, It’s True That Some Of The Protesters Are Oddly Dressed Or Have Silly-sounding Slogans, Which Is Inevitable Given The Open Character Of The Events. But So What? I, At Least, Am A Lot More Offended By The Sight Of Exquisitely Tailored Plutocrats, Who Owe Their Continued Wealth To Government Guarantees, Whining That President Obama Has Said Mean Things About Them Than I Am By The Sight Of Ragtag Young People Denouncing Consumerism.

Most Work In Macroeconomics In The Past 30 Years Has Been Useless At Best And Harmful At Worst.

Yes, Over The Centuries Economic Progress Has Reduced Some Gross Disparities - Modern Americans Are Relatively Unlikely To Simply Starve To Death (though It Can Happen), So In That Sense The Gap Between Rich And Poor Has Narrowed. But The Question Isn't Whether Society Is, In Some Sense, More Equal Than It Was In 1900. It's Whether It Is Radically More Unequal Than It Was In 1970. And Of Course It Is.

Tax Cuts Were Not Going To Be Effective At Creating Jobs, And The Job Creation Record Is Lousy.