Sandwichman cross post taken from Econospeak Have to admit, the spectre of mailman flying a gyrocopter onto the lawn of the Capitol building appeals to the Sandwichman’s weakness for eccentric idealists. From the Tampa Bay Times, here is the letter that Doug Hughes was delivering to 535 members of both houses of Congress. Dear ___________, […]
For the reasons explained above, we now conclude that independent expenditures, including those made by corporations, do not give rise to corruption or the appearance of corruption. — Citizens United v. Federal Election Commission, Anthony Kennedy, John Roberts, Antonin Scalia, Clarence Thomas, Samuel Alito, Jan. 21, 2010 I should have foreseen it on Monday. That […]
Naked Capitalism has an article The Continuing Depopulation of Detroit on Detroit which I attempted to answer. No one cause can be assigned to answer what happened to Detroit since 1950 and well before the first black Mayor was elected. I attempted to put this into perspective. This is not an easy and nor will […]
The story hardly bears repeating: Pricing is the ultimate miracle of Darwinian markets. Competitors who produce goods at lower prices thrive, expand their operations, and produce more. Those who charge higher prices (for equivalent goods) are driven to extinction when sensible purchasers abandon them for their more-efficient competitors. This inexorable mechanism drives innovation, investment, and productivity, […]
I think you want to read this excellent post by Jonathan Chait. That is all. update: US partisanshipe appears to be the meme of the day. Dana Milbank (who is very different from Chait) also wrote about it. Milbank cites a different academic study. From the brief summaries both academic studies sound very convincing to […]
Long time readers of Angry Bear will be familiar with the Northwest Plan for a Real Social Security Fix. It has been pushed here in a series of posts and in innumerable comments (mostly by Dale Coberly) since 2009 including this core post: NW Plan for a Real Social Security Fix Ver 2.0: 2009 Trigger. […]
Tax day has come and gone and nothing extraordinary happened (at least nothing extraordinary enough to be reported by the Washington Post or the New York Times). This non news should be news, because the much hated Obamacare mandate has been applied. Some Refund checks (many of which have not have been mailed yet) were […]
I think you might want to read this excellent post by Simon Wren-Lewis. That is all.
The much-ballyhooed announcement video offers little hint [of who, policy-wise, Clinton is]. For the first half-minute or so, you would be excused for thinking that it was some sort of detergent commercial, intended to air during the Olympics. Gay weddings! Babies being born! Moms going back to work! Clorox, this commercial seems to say, has finally gotten […]
Brad DeLong made a case for big government and higher deficits. Paul Krugman wrote an exagerated pun of praise. The part he liked was the appeal to myopia and paternalistic proposal “The problem is that as we move into the twenty-first century, the commodities we will be producing are becoming … more subject to myopia […]