Afternoon Must-Read: Paul Krugman: Contractionary Policies Are Contractionary
Afternoon Must-Read: Adair Turner: Printing Money to Fund Deficit Is the Fastest Way to Raise Rates

Afternoon Must-Read: Larry Mishel: Washington Post “Wage Freeze” Brain Freeze

Larry Mishel: Washington Post “Wage Freeze” Brain Freeze: "Mostly the Washington Post issues a smug assessment...

...that ‘[n]othing in the last four decades refutes the basic case for flexible, innovative, American-style capitalism’ but then immediately negates this conclusion by saying ‘if the system doesn’t work for the middle class, it really isn’t working at all.’ If, in fact, the economy is not working for most everybody then perhaps it is worth challenging the way the economy operates, including many of the ways the Post advocates it should operate!