Economics @ ITT

Is the 1%’s Lack of Humility Is the Real Problem

Posted in economics by ittecon on September 26, 2014

[I]t’s human nature to show off, all the more so in highly unequal societies, people being the status-conscious beings that they are. It’s futile and beside the point to chide the rich for this behavior.

via Paul Krugman Dismantles the Notion That the 1%’s Lack of Humility Is the Real Problem | Alternet.

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An Independent Scotland?

Posted in economics by ittecon on September 9, 2014

[E]verything that has happened in Europe since 2009 or so has demonstrated that sharing a currency without sharing a government is very dangerous.

via Scots, What the Heck? – NYTimes.com.

Obama Outperforms Reagan On Jobs, Growth And Investing

Posted in economics by ittecon on September 8, 2014

Economically, President Obama’s administration has outperformed President Reagan’s in all commonly watched categories.  Simultaneously the current administration has reduced the deficit, which skyrocketed under Reagan. 

via Obama Outperforms Reagan On Jobs, Growth And Investing.