This article caught my attention mainly because I hadn’t heard much about the court battles on terminating funding for the A-12 because I thought it was done. But the inability of DOD to submit documentation that might justify that the A-12 was not viable due to classified and secret information and specs made an impression […]

Updated: Renewable Germany bailing out Nuclear France   I just read the following in an article by a Mr. Bill McKibben and thought it to be an interesting perspective on why climate change/global warming is being so vigorously denied. If we spew 565 gigatons more carbon into the atmosphere, we’ll quite possibly go right past […]

Or: It’s The Velocity, Stupid.I got quite a bit of blowback on my recent post suggesting that economists don’t understand accounting. In response I give you Exhibit A: the almost-ubiquitous notion that more saving increases the supply of “loanable funds” — hence that more saving causes or at least allows more investment. (The absolute classic […]

Let’s ignore that three of his four wins (including two last night) have come in non-binding caucuses and take a quick look at The Size of the Santorum Surge. Over at Skippy, Our Leader posted a link to a discussion of whether “Romney’s strengths” could beat Obama. I wisecracked, without looking at the data, that […]

by Dale Coberly LES MISERABLES: SOCIAL SECURITYJavert And Evil From a message from the National Consumer Law Center (reference msaunders@nclc.org): “It’s perfectly fine for a person who failed to pay their child support to end up penniless and living in their car, and to die that way.” – High Ranking U.S. Treasury Official, in response […]

Mish at Global Economic Analysis says it loud and clear as well as Mike Kimel and Ken Houghton here at Angry Bear: I will stick with what I have said on many occasions “People are dropping out of the labor force at an astounding, almost unbelievable rate, holding the unemployment rate artificially low.” The reason is […]

Rick Hasen at Election Law Blog instructs us on super pacs and 501c4s: These days, I probably spend more time speaking to reporters (from as far away as Brazil and Italy) about Super PACs than about any other election law subject. There is a lot of misinformation floating out there about what Super PACs are, […]

By Noni Mausa Double Double —  The Absolute Simplest Look at Wages and Pensions       One of the best loved Canadian drinks is the famed Double-Double, a big coffee with two creams and two sugars from the Tim Horton’s coffee shop chain.  Millions of double-doubles warm grateful workers hands and wake up their brains on the […]

by  Rebecca Wilder I Still Don’t Get Why the ECB Hiked Rates I still don’t get why the ECB hiked rates in April and July of 2011. I questioned this using bond market pricing back in August 2011. Now I question it once more using the ex post trajectory of mortgage rates. Across the Euro […]

The President of the Federal Reserve Bank of Philadelphia: We have been putting out credit in a period of depression, when it is not wanted and could not be used, and will have to withdraw credit when it is wanted and can be used. But this is not Charles I. Plosser, no matter how similar […]