Supply and Demand (in that order)

The housing crash is one of the fundamentals our economy inherits from the past. This is boom time for the nonresidential sector because, af...

The post is to clarify some confusion among blog readers. I wrote in the New York Times : Although banks perform an essential economic funct...

A month ago, I wrote : "we should be careful not to extrapolate the rate of economic growth measured through September 2008 into the fu...

Republicans are supposedly the ones who promote "Reverse Robin Hood" policies -- help the rich at the expense of the poor. Robin H...

This is supposed to be a serious blog, but I will permit some levity on the occasional Friday. Thanks to Angela for recommending this song .

A month ago the Treasury floated the idea of its purchasing equity stakes in banks, and I first explained how Treasury investment would crow...

Some members of Congress are encouraging the Treasury to include automakers in the banking sector bailout plan. I don't yet know the det...

A variety of economists have been debating the role of fiscal policy during the Great Depression. Some of them ( also here ) seem to sugges...

Citigroup announced today that it would renegotiate home mortgages as part of " sweeping efforts to try to curtail losses from souring...

In order to predict how the housing price crash impacts the economy, we have to understand why the boom and crash occurred in the first plac...