Lifted directly from comments by cactus from the open thread: Economics is not a science. Physics wouldn’t be a science either if esteemed members of that profession who got prestigious jobs running the country were willing to make statements that contradict all known facts. But here’s the thing – if the administration’s position is that […]
I guess this is pick on Mankiw day. I see he is now in favor of the McCain proposal to cut the corporate tax rate to 25%. But the effective corporate tax rate was already 24.2% at the end of 2007. So I wonder which corporations he thinks should pay higher taxes? P.S. Mankiw promises […]
An elder Cherokee Native American was teaching his grandchildren about life. He said to them, “A fight is going on inside me…It is a terrible fight, and it is between two wolves. One wolf represents fear, anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, pride and superiority. The other wolf stands for […]
Update: rdan makes big mistake on static news. Static News by Wm Hallowell is a new site and is aimed at the age 13-30 year old group. It is my impression this younger group is generally not a part of our regular readership, with a few notable exceptions. Angry Bear is listed with some of […]
GAO has a point of information. Pre-screening is essential for any medical diagnosis of “subtle” damage. Imaging pictures would make for a real comparison…external costs will be high. The late start up dates are a cause for sadness(inertia from various quarters), but the newness of this field of medicine is one mitigating factor. In response […]
Seems another sign of the new era of banking fraud awareness comes from the price of gasoline/fuel. You can’t pump more than $75 worth. The $75 limit “ensures merchants and customers are protected from fraud,” says MasterCard spokesman Tristan Jordan. Visa and Mastercard are worried about you and the station getting ripped off. Really? Interesting […]
With the latest real GDP release it might be of interest to look at the comparison of this cycle to other long cycles. You can see for yourself the great success of the Bush trickle down economics.
Properly speaking this is not an economics post. So most of it is below the fold. I started a Social Security blog in Nov. 2004 in the wake of Bush’s announcement that he would expend his new political capital on Social Security ‘reform’. At that point in time I had been looking at these numbers […]
The Economist poses some conjectures for oil and Iraq: …Things may be changing. Iraq’s deputy prime minister, Barham Salih, said in April that Iraq’s total reserves, could be as high as 350bn barrels, triple the 115bn that has been its officially stated level for many years. The figure is aspirational and should be treated carefully […]