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

GW is a Smart Man

by Mike Kimel GW is a Smart Man A few days ago, Keith Hennessey, who worked in GW Bush’s administration, wrote that the former president is a very smart man. Now, a smart person doesn’t have to be smart at everything. There are plenty of examples of very smart people doing very stupid things, particularly […]

Fixing Sequestration (for the rich only)

by Linda Beale Fixing Sequestration (for the rich only) Once again, Congress has demonstrated that it notices mostly what affects rich people and can’t quite identify with ordinary Americans.  And that it will not pass either spending laws or tax laws (which include a wealth of spending laws through the tax expenditure mechanism) that equitably […]

Yves Smith will be on Harry Shearer’s Le Show today (Sunday)

Yves Smith will be on Harry Shearer’s Le Show today (Sunday), originating at 1 pm ET live on many public radio stations, and aired on many others throughout the day. Good streams are available all day, each hour, at publicradiofan.com. The topic is the Independent Foreclosure Review fiasco. (check local listings here…)

Due Process: Holder vs Colbert. Art or Reality. Choose.

Re-posted from last year is Dan Becker’s post: Due Process: Holder vs Colbert. Art or Reality. Choose. This is the object: No person shall be held to answer for a capital, or otherwise infamous crime, unless on a presentment or indictment of a Grand Jury,… nor be deprived of life, liberty, or property, without due […]

Seven Steps to Social Security cuts via Debt Commission…following the plan

This is a re-posting of a Bruce Webb post from January, 2010.  A reminder of a well crafted plan to date: Seven Steps to Social Security cuts via Debt Commission For those of you who didn’t go the short version of my comment is that the strategy to get major slashes to Social Security and […]

Old and new feedburner subscriptions…are they working now for you?

MEV has written that this should be happening for our subscribers: Feedburner issue: You currently have 2 different feeds setup through feedburner. We created a redirect for the old feedburner URL to the new one and all RSS feeds should be working properly at this point. •All old subscribers will be redirected to the newer […]

Empirical Methods and Progress in Macroeconomics

Mark Thoma, among many others, discusses some implications for readers to consider for macro overall: Empirical Methods and Progress in Macroeconomics (Quote)The blow-up over the Reinhart-Rogoff results reminds me of a point I’ve been meaning to make about our ability to use empirical methods to make progress in macroeconomics. This isn’t about the computational mistakes that Reinhart […]