Summary: Trump's unexpected election forced changes in the forecasts and plans of the Fed's leaders. Today's decision to raise rates is their first result. Janet Yellen was quite candid about this. The implications of the rate rise are complex. The effects might prove calamitous. Janet Yellen's remarks at the press conference She clearly pointed to Trump's … Continue reading Trump forced the Fed to raise rates. The results could be ugly.
Paul Krugman -- Nobel Laureate economist, #5 on Prospect magazine’s 2015 list of the world’s top “thinkers” -- gives us powerful advice about the climate policy debate in his August 12 NYT op-ed (similar to this from a February column). Here’s how I would approach the issue: by asking how we know that a modeling … Continue reading Paul Krugman explains how to break the climate policy deadlock
Summary: Paul Krugman made a remarkable admission for a political columnist in America, one that points the way to a path for the reform of America. He took a step towards seeing that there is no "reality-based party" in America. “… first take the plank out of your own eye, and then you will … Continue reading Paul Krugman takes a step to clearer vision & reform of America