My Two Cents

Right now, the economic downturn is decelerating. It doesn't mean the unemployment rate won't go higher--it will--but despite today's GDP number a...

Three things to emphasize out of the real gross domestic product (GDP) decline at an annual rate of 6.1% in the first quarter of 2009. It was a...

Another twist on Social Security......

The experts are trying to figure out how severe is the risk of a global swine flu epidemic. So far, there isn't a lot of information and it is far...

This chart from the consulting firm McKinsey & Co. is intriguing. The firm notes that computers, data storage, and communications devices are...

The fear that inflation lies around the corner seems exaggerated to me. Nevertheless, many people are worried that the Fed's quantitative easing...

The Economic Policy Institute highlights a worrisome trend. "Fifteen months into a deep recession, college-educated white workers still had a...

At Minnesota Public Radio, I participated in a panel discussion on everyday life during the Great Depression. It was hosted by American RadioWorks...

Richard Posner has written a book on the current depression--his term. Posner is a polymath, a judge, a brilliant conservative scholar associated...

One of the revelations during the Pecora hearings that upset ordinary people is that the wealthy didn't pay income taxes. I think executive pay is...