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

Pain for Profit

from The Stage Coach, or the Road of Life (1843) by John Mills, Chapter XI “The Mudlark” The night was very bright; a sharp frosty air whistled from the east, and the moon and the stars sparkled like frozen sleet in the sun. After the governor had scraped off the worst part of the slush, […]

Top 100 Blogs

In the Category of General Blogs or blogs which focus on a variety of topics. These blogs regularly present on a variety of topics and are a great way to start understanding economics or even to keep up with current economic events. – Marginal Revolution – The Big Picture – Calculated Risk – Naked Capitalism […]

How likely is it that Donald Trump, if elected, would serve more than a few months of his term? How likely is it that he will even continue as the nominee much beyond the convention?

My opinion is that Trump is suffering from what I call “Attention-Seeking Deficit Disorder.” He doesn’t want to serve. He doesn’t want to be president; he wants the attention that accompanies the campaign. And now, I think he’s rather afraid that he might win. [Laughs] I don’t think he knows what he’s going to do […]

A New Model of the Economy Please

Brad DeLong wrote recently concerning the Uncertainty at the Fed… “The heart of the trouble consists in the fact that neither financial-market participants nor, it seems, the Fed itself know the true state of the economy or how best to model it – especially in the wake of the 2008 financial crisis” (link) It is […]

I’m Buried, but This Deserves Another Look

Erik Loomis at LG&M notes that Forbes is attempting to encourage age discrimination (no we’re not; wink, wink, nod, nod). And it made me think of this post from Lance Mannion, which deserves to be read every day you can: You get up for a stretch, wander out onto the floor to get a cup […]

Subsidy Tracker Reaches Major Milestones

Subsidy Tracker, the free subsidy database created in 2010 by Good Jobs First, has reached major milestones in its coverage of state, local, and federal subsidies. This month’s enhancements to the database bring it to a once-unimaginable 500,000 individual incentive awards with a cumulative nominal subsidy value of $250 billion! That’s starting to add up […]