Dem Senate candidate Michelle Nunn is up with a new ad that contains footage of GOPer David Perdue telling a local TV station that he is “proud” of his outsourcing past. This footage could prove especially potent in a state with such high unemployment, but Nunn trails Perdue by nearly four points in the polling average, which is […]

Today’s example.

This speaks for itself.  I’m sure that Kennedy, Roberts and Alito call this ‘freedom’.  I won’t guess at what Sotomayor and Kagan call it.  But what Breyer calls it, or should, is conflict of interest.  Back when Breyer was lead counsel for the Senate Judiciary Committee, he helped draft the Federal Sentencing Guidelines—a really appalling […]

Paul Craig Roberts says, “All the discipline is gone.” (Boom-bust video at 8-minute point) He is referring to the corrupt environment of deregulation that led to larger and larger banks with “untouchable” power.  He gives the example of “National Branch Banking” that developed in the late 80’s. Banks were given incentives to siphon savings from […]

He really likes the book, but expresses frustration that Piketty (emphasis mine): …doesn’t adequately differentiate among different kinds of capital… Imagine three types of wealthy people. One guy is putting his capital into building his business. Then there’s a woman who’s giving most of her wealth to charity. A third person is mostly consuming, spending a […]

Embarrassingly, I missed this reply by Tim Worstsall to my post “Understanding Piketty, part 1.” My apologies to Mr. Worstall and my readers; despite his writing it August 14, I just discovered it the other day when I was mindlessly looking at site traffic data from Alexa. In his post Worstall takes issue with Piketty’s […]

The more the Fed postpones raising of the Fed rate, the chances increase that it won’t rise at all before the next recession. Worry will mount about global growth. Worry will mount that the US is vulnerable. Pressure will build to keep the Fed rate low as the profits of more firms become increasingly vulnerable. […]

I am gaining respect for Tim Duy. He is seeing something that I have been saying for some time. The Fed rate is behind the curve and will not be able to normalize. Yes, Tim Duy makes great analyses of the economy to determine the future path of monetary policy, but he has always been […]

Guest Post by Steve Hutkins a literature professor who teaches “place studies” at the Gallatin School of New York University. This is Part 1 in a series of 3 articles as written by Steve Hutkins in 2012. These articles originally appeared on the “Save The Post Office Blog”. Steve lives in a small town in […]