Russ Roberts could at least pretend that Amity Shlaes (B.A., English Literature) had written a book related to economics, no matter how badly contrived and poorly researched it was. But what’s his excuse for this (B.A., English Literature, Penn; MBA Chicago)? Sadly, it appears he has stopped even pretending to be interested in economics, and […]
by cactus Comparing Presidents – Real GDP per Capita, late 2009 edition Every so often I find I have to rewrite a post about how well Presidents have done at producing economic growth. See, over time, we get new readers, and some of the, based on what I read in comments or in e-mails I […]
While Henry and Brad DeLong noted some more silly prattling from a brain-dead economist, AB readers and those wanting to maintain their sanity* will prefer The New Decembrists, and new blog from The Epicurean Dealmaker and, presumably, others. Worth it for TED’s Reformist Manifesto alone. *I do not necessarily assume that either of these sets […]
Cross-posted at News N Economics blog, by Rebecca Here’s yet another historical record broken in 2009: “Only three insured institutions were chartered in the [third] quarter, the smallest quarterly total since World War II.” This fact is from the FDIC’s latest Quarterly Banking Profile. There are probably non-economic reasons for this, i.e., the application process […]
Larry Summers’s Village Idiot: I was too right to give them EVERYTHING! And now they’re being MEAN to me.
Dean Baker asks a central question: If Bernanke Did Not Know the Fed’s Mission, Would That Be News? Not at the WSJ, nor it seems anywhere else. Yesterday, Federal Reserve Board Chairman Ben Bernanke referred to the “our dual mandate, which is growth and inflation.” In fact, the dual mandate is full employment (defined as […]
by coberly Robert Samuelson has written an article so nasty and dishonest that decent people might wish to avert their eyes. But the 288 comments on his website suggest that enough people believe him that it’s worth trying to explain what’s wrong with his thinking. Here is an example of it: ” One of our […]
by Bruce Webb There has been some discussion here and there about whether the HCR bills in place do enough for cost control. I think that this is the wrong question at the wrong time and points out a bigger issue in progressivism, that is what exactly is our project? Comment by me to this […]