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

Initial jobless claims: the single most positive aspect of the entire economy

Initial jobless claims: the single most positive aspect of the entire economy I haven’t been bothering to comment on initial jobless claims reports lately, for the simple fact that every week it’s the same story:  they’re good! In fact, the initial jobless claims reports are probably the single most positive aspect of the entire economic […]

No, Matt Yglesias, Trump is *not* “probably gonna be re-elected”

No, Matt Yglesias, Trump is *not* “probably gonna be re-elected” While I generally agree with the political and social observations of Matt Yglesias and Ezra Klein, their takes that involve the economy frequently drive me crazy. So it was this morning when I encountered these two tweets from Yglesias: This is just incredibly shallow analysis and, […]

A Kennedy-Reagan-Trump Fiscal Policy?

A Kennedy-Reagan-Trump Fiscal Policy? Heather Long reports that the White House economists have no clue about the history of U.S. fiscal policy: President Trump’s policies are driving an economic turnaround that puts him in the company of transformative presidents such as John F. Kennedy and Ronald Reagan, White House economists said Wednesday as they unveiled their […]

Will Boilerplate Kill the Invisible Hand?

Will Automation Kill Our Jobs? by Walter E. Williams appeared in the Gaston Gazette, Charleston Gazette-Mail, Daily Tribune, Frontpage Mag, Richmond Times-Dispatch, Townhall, Holmes County Times-Advertiser, National Interest, Rocky Mount Telegram and CNS News (not to mention the Dogpatch Völkischer-Beobachter). It features the following cutting edge (& pasting) analysis: People always want more of something that will create a job for someone. […]

Shorting China

Shorting China I just saw “The China Hustle” as part of the Portland International Film Festival.  It’s a very (very) slick documentary about the listing of fraudulent Chinese companies on US exchanges during the post-financial crisis era.  The companies were mostly real, but their financial data were fictitious, although given the stamp of approval by the SEC, […]

A Critical Review of Jeffrey Miron’s Call to Slash Entitlements

A Critical Review of Jeffrey Miron’s Call to Slash Entitlements I accused John Cochrane of incoherent babbling on the Federal deficit issue noting his update where he flip flopped: He went from fiscal policy being sober to we are in dire straights just like that! Oh my the sky is falling. We have to take away those […]

Polar Ice Is Lost at Sea

Via Naked Capitalism and published orinially at Grist  Polar Ice Is Lost at Sea: Our planet reached another miserable milestone earlier this week: Sea ice fell to its lowest level since human civilization began more than 12,000 years ago. That worrying development is just the latest sign that rising temperatures are inflicting lasting changes on the […]

Competition Is for Losers

The Wall St. Journal quoted Peter Thiel’s business plans. It is mostly behind a paywall. Competition is for Losers If you want to create and canpture lasting value, look to build a monopoly, writes Peter Thiel By Peter Thiel          Sept. 12, 2014 11:25 a.m. ET What valuable company is nobody building? […]