Via Dr. Black, CR describes Washington, D.C. real estate as “the commercial version of the subprime situation.” Two points: CR knows better, most of the time, than to believe that there was a “subprime situation” in any sense other than “We Are All Subprime Now.” [edited for tone] Possibly more importantly, Washington, D.C., is one […]
Ken Houghton is talkin’ about his generation. Pete Davis, Mark Thoma (who at least has the decency to phrase it in the form of a question), N. Gregory Mankiw, and Brad DeLong explain why there should not be any penalties against providers of West Virginia water (h/t Bitch). Because fungible is fungible, even if it […]
by divorced one like Bush Gather all around the camp fire and enjoy your marsh mellow toasting as I tell you the fable of the “The Guitar Player who sold his gear”. Long ago in a far away land of rock and roll there was a young man who played well. Not great, wasn’t going […]
Robert Waldmann I am actually commenting on a snippet with a useless link here. Professor Krugman’s article, like much of his journalism, was hastily drafted and factually incorrect. [skip] One of the most humorous aspects of the article was its view that the efficient markets hypothesis was at the heart of the inability to see […]
rdan Hat tip Noni Mausa: Tom Toles in the Washington Post offers us a grim reminder of the average persons’ problems and anticipations:
After the London train bombings the following website and its credo went up.We are not afraid We are not afraid to ride public transportation. We are not afraid to walk down a crowded street. We are not afraid of each other. We are not afraid to say that terrorism in any form is never the […]
Robert Waldmann I can’t believe this “Illegal Immigrants Could Not Buy Insurance on New ‘Exchange,’ White House Says” So a rude idiot shouts “you lie” and Obama decides he has to punish undocumented aliens. This is not about subsidies which were clearly not on offer yesterday. This is about making it harder for them to […]
Robert Waldmann In response to a critical comment, I have decided to actually read the article which I stopped reading when it said the Journal of Monetary Economics was a must publish journal for young economists. Ryan Grim asserts that economists don’t criticize the Fed because the Fed has bought control of the economics profession.I […]
by Bruce Webb Arguments were heard by the U.S. Supreme Court this week as to whether restrictions on corporate political donations were constitutional or whether those corporations are protected by the First Amendment. Court watchers report that signs are that the Robert’s Court will so rule with the ruling due to be handed down around […]