I have generally decided that the NYT’s attempt at becoming the WSJ on its editorial page is not worth the trouble of discussing. An editorial staph that replaces the despicable but somewhat coherent Bill Kristol with the execrable incoherence of Ross Douthat is clearly suffering a fatal infection, and therefore not deserving of support. But […]
The first item on Charlie Stross’s World Science Fiction Convention schedule: Thursday August 6th, 5pm (Location: P-511CF)Title: In Conversation: Paul Krugman and Charles StrossDescription: 90 minutes of Charles Stross discussing SF, economics, and other topics with Paul Krugman. [link in original] Those who might wonder why Krugman would be an appropriate guest at Anticipation (this […]
but it doesn’t do that much for the rest of us. Via The Ambrosini Critique, Scott Sumner discovers there was no housing crash: The BLS claims that housing prices are up 2.1% in the last 12 months….According to the BLS, housing makes up nearly 40% of the core basket of goods and services. Further reading […]
To often, we talk about models as if they are reality, instead of reflecting a reality that was approximated. At least forty economists, including at least three ‘Nobel’ Prize winners, know that: A rising tide lifts all boats only when labor and management bargain on relatively equal terms.
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 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.
Andrew Samwick states the obvious, clearly and well: I think we are now 18 months behind where we should be in moving forward with sensible government spending plans. We should have pulled the fiscal policy ripcord in January 2008 with a public investment plan designed to repair our aging infrastructure. I’d rather have the 18 […]
Credit crunch, followed by asset deflation. See also Robert’s series of essays in December/January.
Gary Farber lays out the details of who the real “silent majority” were in the Nixon Administration’s approach to Viet Nam, using Nixon’s own words. Such as this, from 20 January 1973—two years and three months before the ultimate U.S. withdrawal: Nixon realized that the Communists were going to win in Vietnam. “I look at […]