Look: I am eager to learn stuff I don't know--which requires actively courting and posting smart disagreement.

But as you will understand, I don't like to post things that mischaracterize and are aimed to mislead.

-- Brad Delong

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Everything that appears on this blog is the copyrighted property of somebody. Often, but not always, that somebody is me. For things that are not mine, I either have obtained permission, or claim fair use. Feel free to quote me, but attribute, please. My photos and poetry are dear to my heart, and may not be used without permission. Ditto, my other intellectual property, such as charts and graphs. I'm probably willing to share. Let's talk. Violators will be damned for all eternity to the circle of hell populated by Rosanne Barr, Mrs Miller [look her up], and trombonists who are unable play in tune. You cannot possibly imagine the agony. If you have a question, email me: jazzbumpa@gmail.com. I'll answer when I feel like it. Cheers!

Tuesday, July 6, 2010

Idle Money

I read somewhere in the early naughts that corporations were sitting on record piles of cash - hoarding rather than investing or hiring.   I can't say that this has or hasn't been a constant over the decade*, but I've suspected for quite a while that this is the case now - either still or again.

Krugman confirms my suspicion, and even suggests a remedy.

He didn't even mention that the Gov't could borrow now at historically low rates - but I guess that does go without saying.

* If anyone knows how to track down this information, I'd be grateful to know about it.
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