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	<title>Comments on Global Political Economy</title>
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	<description>Trying to understand the world and change it.</description>
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		<title>Comments on Global Political Economy</title>
		<link>http://commentsongpe.wordpress.com</link>
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		<item>
		<title>&#8220;Recession&#8221; is an Orwellian term</title>
		<link>http://commentsongpe.wordpress.com/2013/05/16/recession-is-an-orwellian-term/</link>
		<comments>http://commentsongpe.wordpress.com/2013/05/16/recession-is-an-orwellian-term/#comments</comments>
		<pubDate>Thu, 16 May 2013 20:19:22 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Europe]]></category>

		<guid isPermaLink="false">http://commentsongpe.wordpress.com/?p=7222</guid>
		<description><![CDATA[The European Union’s statistical agency reported yesterday that the eurozone continues in “recession” for the sixth consecutive quarter and it’s top news throughout the mainstream and business press.  That so many on the continent live increasingly insecure lives and that the officially measured unemployment rate has reached a stratospheric 12.1% is, of course, horrible news.  [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=commentsongpe.wordpress.com&#038;blog=14319231&#038;post=7222&#038;subd=commentsongpe&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">democraticpolecon</media:title>
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		<item>
		<title>Roger Altman reminds us we don&#8217;t live in a democracy</title>
		<link>http://commentsongpe.wordpress.com/2013/05/09/roger-altman-reminds-us-we-dont-live-in-a-democracy/</link>
		<comments>http://commentsongpe.wordpress.com/2013/05/09/roger-altman-reminds-us-we-dont-live-in-a-democracy/#comments</comments>
		<pubDate>Thu, 09 May 2013 23:05:38 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Global]]></category>

		<guid isPermaLink="false">http://commentsongpe.wordpress.com/?p=7199</guid>
		<description><![CDATA[Wall Street financier and former Clinton Treasury official Roger Altman steps forth today to yet again inform us that we’re ruled by the bond market and not democratically elected leaders.  Few with a reasonably sound grasp of events would disagree with his assessment, but it’s always grating hearing it from one who so clearly glories [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=commentsongpe.wordpress.com&#038;blog=14319231&#038;post=7199&#038;subd=commentsongpe&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>2</slash:comments>
	
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			<media:title type="html">democraticpolecon</media:title>
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		<title>Professor Krugman goes to Mexico</title>
		<link>http://commentsongpe.wordpress.com/2013/05/08/professor-krugman-goes-to-mexico/</link>
		<comments>http://commentsongpe.wordpress.com/2013/05/08/professor-krugman-goes-to-mexico/#comments</comments>
		<pubDate>Wed, 08 May 2013 23:28:15 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Latin America]]></category>

		<guid isPermaLink="false">http://commentsongpe.wordpress.com/?p=7177</guid>
		<description><![CDATA[Poor Mexico, so far from God and so close to the United States!  Or to paraphrase this well known quote: So far from social justice and so dominated by neoliberalism.  Either way, the fundamental cause of the misery, poverty, and insecurity in Mexico should seem clear to even the most casual observer – it’s not [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=commentsongpe.wordpress.com&#038;blog=14319231&#038;post=7177&#038;subd=commentsongpe&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">democraticpolecon</media:title>
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		<title>Health care and other services have no need for finance</title>
		<link>http://commentsongpe.wordpress.com/2013/05/07/health-care-and-other-services-have-no-need-for-finance/</link>
		<comments>http://commentsongpe.wordpress.com/2013/05/07/health-care-and-other-services-have-no-need-for-finance/#comments</comments>
		<pubDate>Tue, 07 May 2013 23:37:41 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Global]]></category>
		<category><![CDATA[US]]></category>

		<guid isPermaLink="false">http://commentsongpe.wordpress.com/?p=7161</guid>
		<description><![CDATA[Obama health care advisor Ezekiel Emanuel’s article today in the Wall Street Journal is an excellent example of how the discourse of finance so easily trumps the real world.  Fearing that health insurance premiums will be too high if not enough healthy young people sign up for Obamacare, he calls for a marketing campaign to [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=commentsongpe.wordpress.com&#038;blog=14319231&#038;post=7161&#038;subd=commentsongpe&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">democraticpolecon</media:title>
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		<title>Krugman is faking it</title>
		<link>http://commentsongpe.wordpress.com/2013/05/04/krugman-is-faking-it/</link>
		<comments>http://commentsongpe.wordpress.com/2013/05/04/krugman-is-faking-it/#comments</comments>
		<pubDate>Sat, 04 May 2013 23:08:29 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Economics]]></category>

		<guid isPermaLink="false">http://commentsongpe.wordpress.com/?p=7148</guid>
		<description><![CDATA[Krugman tells us today that &#8220;One dead giveaway that someone pretending to be an authority on economics is in fact faking it is misuse of the famous Keynes line about the long run&#8221;.  He often likes to use this particular quote but I wonder if it&#8217;s perhaps the only one he&#8217;s ever read of Keynes [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=commentsongpe.wordpress.com&#038;blog=14319231&#038;post=7148&#038;subd=commentsongpe&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">democraticpolecon</media:title>
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		<title>The link between spending and debt must be severed</title>
		<link>http://commentsongpe.wordpress.com/2013/05/01/the-link-between-spending-and-debt-must-be-severed/</link>
		<comments>http://commentsongpe.wordpress.com/2013/05/01/the-link-between-spending-and-debt-must-be-severed/#comments</comments>
		<pubDate>Wed, 01 May 2013 21:09:45 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Global]]></category>

		<guid isPermaLink="false">http://commentsongpe.wordpress.com/?p=7125</guid>
		<description><![CDATA[Paul Krugman rather disingenuously tells us the other day that &#8220;there won’t and can’t be any current-events test of MMT until we get out of the slump, because standard IS-LM and MMT are indistinguishable when you’re in a liquidity trap&#8221;.  This theorem of untestability is a pretty broad claim by the professor, one that not [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=commentsongpe.wordpress.com&#038;blog=14319231&#038;post=7125&#038;subd=commentsongpe&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">democraticpolecon</media:title>
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		<title>Reinhart &#8211; Rogoff and the center- left economists</title>
		<link>http://commentsongpe.wordpress.com/2013/04/22/reinhart-rogoff-and-the-center-left-economists/</link>
		<comments>http://commentsongpe.wordpress.com/2013/04/22/reinhart-rogoff-and-the-center-left-economists/#comments</comments>
		<pubDate>Mon, 22 Apr 2013 20:04:46 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Economics]]></category>

		<guid isPermaLink="false">http://commentsongpe.wordpress.com/?p=7113</guid>
		<description><![CDATA[There’s a great deal of jubilation among center-left economists these days ever since the demolishing of the Reinhart – Rogoff proposition that horrible things happen when public debt exceeds 90% of GDP.  And, of course, I’m quite pleased whenever a hack for oligarchy is cut down to proper size. But the conclusion being drawn – [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=commentsongpe.wordpress.com&#038;blog=14319231&#038;post=7113&#038;subd=commentsongpe&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">democraticpolecon</media:title>
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		<item>
		<title>A hatchet job in the New York Times on Denmark&#8217;s welfare state</title>
		<link>http://commentsongpe.wordpress.com/2013/04/21/a-hatchet-job-in-the-new-york-times-on-denmarks-welfare-state/</link>
		<comments>http://commentsongpe.wordpress.com/2013/04/21/a-hatchet-job-in-the-new-york-times-on-denmarks-welfare-state/#comments</comments>
		<pubDate>Sun, 21 Apr 2013 17:39:10 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Europe]]></category>

		<guid isPermaLink="false">http://commentsongpe.wordpress.com/?p=7102</guid>
		<description><![CDATA[What a hatchet job by the New York Times today on Denmark’s welfare state!  In a piece that could have been written by Paul Ryan or the most right wing Chicago economist, Denmark’s system is condemned without nuance and without the niceties of even one differing opinion.  The Times and the author, Suzanne Daley, should [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=commentsongpe.wordpress.com&#038;blog=14319231&#038;post=7102&#038;subd=commentsongpe&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
		<wfw:commentRss>http://commentsongpe.wordpress.com/2013/04/21/a-hatchet-job-in-the-new-york-times-on-denmarks-welfare-state/feed/</wfw:commentRss>
		<slash:comments>3</slash:comments>
	
		<media:content url="http://0.gravatar.com/avatar/94d431031e5638b8fdcd5eed280b3479?s=96&#38;d=identicon&#38;r=G" medium="image">
			<media:title type="html">democraticpolecon</media:title>
		</media:content>
	</item>
		<item>
		<title>Ratio analysis using Excel</title>
		<link>http://commentsongpe.wordpress.com/2013/04/19/ratio-analysis-using-excel/</link>
		<comments>http://commentsongpe.wordpress.com/2013/04/19/ratio-analysis-using-excel/#comments</comments>
		<pubDate>Sat, 20 Apr 2013 00:19:50 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Global]]></category>

		<guid isPermaLink="false">http://commentsongpe.wordpress.com/?p=7079</guid>
		<description><![CDATA[Reinhart and Rogoff have given us a fantastic demonstration of the sheer power of Excel when it comes to the analysis of the political economy.  While their conclusion that catastrophes result when the ratio of public debt to GDP exceeds 90% turns out to be sheer nonsense, we mustn&#8217;t lose sight of the fact that [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=commentsongpe.wordpress.com&#038;blog=14319231&#038;post=7079&#038;subd=commentsongpe&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">democraticpolecon</media:title>
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		<item>
		<title>It&#8217;s the labor share, stupid!</title>
		<link>http://commentsongpe.wordpress.com/2013/04/11/its-the-labor-share-stupid/</link>
		<comments>http://commentsongpe.wordpress.com/2013/04/11/its-the-labor-share-stupid/#comments</comments>
		<pubDate>Thu, 11 Apr 2013 22:30:57 +0000</pubDate>
		<dc:creator>Jim</dc:creator>
				<category><![CDATA[Economics]]></category>
		<category><![CDATA[Global]]></category>

		<guid isPermaLink="false">http://commentsongpe.wordpress.com/?p=7064</guid>
		<description><![CDATA[Japan is attempting to stoke a bit of inflation through its new monetary policy and, unsurprisingly, Paul Krugman is quite pleased.  His trademarked solution for getting out of the current depression, after all, is right down these lines: real interest rates, despite being near zero, are still too high because the profitability of new investment [&#8230;]<img alt="" border="0" src="http://stats.wordpress.com/b.gif?host=commentsongpe.wordpress.com&#038;blog=14319231&#038;post=7064&#038;subd=commentsongpe&#038;ref=&#038;feed=1" width="1" height="1" />]]></description>
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		<slash:comments>0</slash:comments>
	
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			<media:title type="html">democraticpolecon</media:title>
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