Robert Waldmann There is something which I genuinely don’t understand about US journalism. Why don’t US journalists cite Seymour Hersh more ? I have never heard anyone rank him as an investigative journalist lower than number one, yet his stories vanish for months or years until someone else reports them. For example, yesterday the Wall […]
by cactus We all know the Fed has been pumping money galore into the economy lately. It makes sense, after all – the economy sucks right now and will for the foreseeable near future. Even if the NBER concludes in a few months that the Great Recession ended in the first half of the year, […]
by Tom aka Rusty Rustbelt Battle of the (Senate) Titans Senators Kennedy (Chairman of the Senate Health, Education, Labor and Pensions Committee) and Senator Dodd (Kennedy’s wingman while he fights cancer) are seemingly lined up as opposition forces to Senator Baucus (Chairman, Senate Finance Committee ) on some aspects of health care reform legislation. Various […]
by Linda Beale This is one of those weeks when almost everything has a tax angle. Let’s survey. Michael Jackson’s funeral Should taxpayers have to foot the bill for the extra security surrounding celebrity memorial services? Does an estate get to deduct the costs of gala receptions connected with a memorial as part of the […]
From Lenny Dyksytra’s letter to friends about his bankruptcy filing yesterday: William McKinley filed for protection while serving as Ohio’s governor in 1893. He was in debt to the tune of $130,000 (an insurmountable sum in those days!) before some friends eventually helped to bail him out. Three years later, he occupied a desk in […]
by Bruce Webb In comments to his last post A Response to Megan McArdle, Again Cactus put the following up as a summary of the Economic Right’s approach to tax cuts:1. tax cuts mean people are encouraged to work harder 2. people work harder 3, growth Another version of this was posted, without apparent irony, […]
by divorced one like Bush Well, well, well, seems our Robert will have some more thinking to do. Via C & L to Radamisto who want’s to know if we have ADD or what comes the Bloomberg story that the money from money machine is being restarted. Morgan Stanley plans to repackage a downgraded collateralized […]
by cactus Megan McArdle responds to a post I wrote: So Obama doesn’t count because he’s not really a Democrat. But Bill Clinton was. But Richard Nixon–the chap who implemented price controls and massively expanded Social Security and Medicare–was definitely a Republican. Jimmy Carter, who deregulated like mad: definitely a Democrat. What are these policies […]
Curv3ball at The Poor Man warms the cockles of this Northeast Philadelphia native’s heart. Go Read the Whole Thing. Gary Becker must be rolling over in his grave.
Robert Waldmann The absolutely brilliant and almost reliably reasonable Kevin Drum quotes the very smart and usually reasonable Dan Drezner and writes In a speech today in Russia, Barack Obama said that “the pursuit of power is no longer a zero-sum game.” Dan Drezner isn’t so sure: If he had said, “The pursuit of prosperity […]