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R Matthew Songer
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It seems to actually be a moral issue, just not the story that the David Brooks and Ross Douthats wish to tell. It is a story of stagnant wages and even declining wages contributing to the weight of debt. Somebody got paid for all that increase in productivity, just not those in the lower 90%.
Commented Feb 24, 2012 on The Increase in Household Debt Prior to the Crisis is Not a Moral Issue at Economist's View
The Increase in Household Debt Prior to the Crisis is Not a Moral Issue
Via Mike Konczal at Rortybomb, Josh Mason explains the findings of his research with Arjun Jayadev on the dynamics of household debt. Importantly, this research knocks a hole in the story that it was lack of self control -- the decline of the morals of the middle class -- that caused the increas...
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Feb 4, 2012
I would think that the machine would need a 64bit OS with a big ol' wad of memory to carry that off for very long.
Commented Jan 29, 2012 on Let Me Just Say: Mark Thoma's Firefox-Fu Terrifies Me... at Grasping Reality on TypePad, by Brad DeLong
Let Me Just Say: Mark Thoma's Firefox-Fu Terrifies Me...
>Damn -- just lost the 84 tabs I had open in Firefox. That's going to put a crimp on things...time to reconstruct...
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Mar 15, 2011
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