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   Twenty years after the fall of the Berlin Wall, Gnter Grass still thinks reunification was a bad idea.
 Forty years of writing from Taylor Branch, James Fallows, Katherine Boo, Marjorie Williams, Joshua Micah Marshall, and more.
 With help from Washington, the for-profit college industry is loading up millions of low-income students with debt they'll never pay off.
 The best recent memoir from republican Washington is a hoax. That should tell you something.
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October 31, 2003
By: INFLATION: GOOD OR BAD?....John Quiggin notes, along with Brad DeLong and Paul Krugman, that last quarter's impressive economic growth is unlikely to continue unless employment grows. True enough. But he also has another concern:
I don't get it. For the past two years I've been hearing nothing but caterwauling over the fact that the U.S. economy is dangerously close to deflation, which would be a disaster on a whole bunch of different levels. Persistent high inflation is unwelcome, of course, but in the near term wouldn't some inflationary stimulus actually be a good thing? In other economic news, Brad notes that consumer spending, which drove a lot of last quarter's spectacular growth, was actually down .3% in September, which means that the third quarter was already showing signs of weakness before it even ended. Looks like holiday shopping is going to be even more important than usual this year. —Kevin Drum 9:47 AM Permalink | Trackbacks | Comments (0)Comments
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