economics

The subprime crisis certainly highlighted the need for American consumers to become more financially literate. But who defines financial literacy? And what makes someone an expert? Mike Konczal at Rortybomb asks these and other questions regarding financial literacy education — a subject TWI has also been looking into lately.
Did you know that since 2003, when [...]

I wonder if Kevin Hassett’s economic screeds would get as much attention if they were advertised as columns from the co-author of “Dow 36,000: The New Strategy for Profiting From the Coming Rise in the Stock Market,” the 10-year-old classic of economic buffoonery. For example, this Instapundit link would become:
“Dow 36,000″ Author: Obama Tells [...]

New committee member Sen. Jeanne Shaheen (D-N.H.) asks what the State Department can do to bolster its role in international economics.  Clinton: “Obviously Treasury has a huge role to play, but so does the State Department” — like on climate change, energy security and “the meltdown of the international economic regulatory system means our foreign [...]

In the face of the deepening financial crisis and the largest Wall Street swindle in history, President-elect Barack Obama acted swiftly to fill three key economic posts. He announced his appointments at a press conference this morning in Chicago.
“The regulators who were assigned to oversee Wall Street dropped the ball” in this economic downturn and [...]

Building on Laura’s recent piece about progressives finding a foothold in the Obama White House — if not necessarily the administration as a whole — Joe Biden just announced his chief economics adviser will be the progressive Jared Bernstein of the progressive Economic Policy Institute. No one really knows what sort of influence the Vice [...]

It looks like Wal-Mart is being forced to scale back expansion due to the struggling economy. That means it’s also being forced to scale back its help in perpetuating the absurd amount of suburban sprawl that the superstore has relied on since its birth. But not by all that much.

Volcker is celebrated as the Federal Reserve chairman who broke the plague of global inflation in the early 1980s. But he did it be engineering a violent crackdown on excess credit. Why a ‘Burkean’ conservative can support this Democratic nominee.

Via Angry Bear, here’s Joseph Stiglitz, the Nobel prize-winning economist, on Treasury Sec. Henry Paulson Jr. celebrating the bailout plan he presented to Congress, which was revised in marathon negotiations this weekend:
The champagne bottle corks were popping as Treasury Sec. Henry Paulson announced his trillion-dollar bailout for the banks, buying up their toxic mortgages. To [...]

Sen. Barack Obama ripped into his Republican rival today for undermining American workers and prioritizing a foreign corporate agenda over domestic manufacturing.
“Ask the workers across this country who have seen their jobs outsourced!” Obama told a gathering of Florida Machinists in a satellite address. “The very companies that shipped their jobs overseas have been [...]