Relevant and even prescient commentary on news, politics and the economy.

Cactus asks the good question

by cactus Voting Your Bedfellows In a few months it will be time to go to the polls. Remember, there are people who told you eight years ago, and then four years ago, about the wonderful things GW’s policies were going to do for the economy. Most of them also told you how bad things […]

What Is to be done ?

Robert Waldmann OK what now ? Unless someone has just submitted a post, AngryBear doesn’t have a post on what to do now that the House Republicans (and some Democrats) have voted down the Paulson-Dodd-Frank bailout bill. The contingent consensus of the Left Blogosphere seems to have been to go for the Swedish solution if […]

The Coming Harvest

by Ken Houghton Claudia asks the question of the day of the previous post: When you say “the coming harvest” are you speaking from a purely literal standpoint, or are you also speaking metaphorically? I was starting from the literal. When you get to the consequences, then you get to think Buffy the Vampire Slayer. […]

Republicano Delenda est *

by Ken Houghton Brad DeLong lays out the breakdown. When 2/3 of your party believes that taking the Dow down 600 750+ points is a Good Idea, claims such as “the party of fiscal responsibility”—or even the “party of Wall Street”—fail the free market test Big Time. If I weren’t worried about the coming harvest, […]

Champaign Bottle corks are popping today

Joseph Stilgitz asks tough questions at The Nation: The champagne bottle corks were popping as Treasury Secretary Henry Paulson announced his trillion-dollar bailout for the banks, buying up their toxic mortgages. To a skeptic, Paulson’s proposal looks like another of those shell games that Wall Street has honed to a fine art. Wall Street has […]

25 indicators to look at

The Center for Policy and Research sent us a note on a new report about whether we are better off now than eight years ago.

A Look at an Incredibly Silly Story

by cactus Rent Control and the Current Financial Mess – A Look at an Incredibly Silly Story There’s a trope going around among libertarians and many Republicans– I’ve seen it in a few places – that the mess on Wall Street is due to excessive regulation. This tripe by Richard Epstein in Forbes.com is a […]

Ms Parker, Mc Cain, Party and Honor

by Divorced one like Bush Before we get to excited about Ms. Parker’s recent calling out, consider her 9/5 opinion in What Sarah Palin brings to the Republican Party: And relief that the first Republican woman on a presidential ticket wasn’t going to let them down. No one was going to be embarrassed by John […]

Social Security Actuaries score the Warshawsky Plan

By Bruce Andrew Biggs directs our attention to a new detailed PRA plan by Mark Warshawsky, a member of the Social Security Advisory Board: Notes on SS Reform: Actuaries Score New Reform Proposal The post does not link to the plan itself but instead to a detailed scoring of it by the Office of the […]