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

Substantively misleading reporting on winners in oil manipulations

Yves Smith writes to blast more ‘reporting’. I also follow Angry Bear Robert’s Stochastic Thoughts whom Mark Thoma has recently been linking, who has a unique style for his thoughts, on ‘ballance’ in reporting. It isn’t until paragraph 14, when cursory readers have already checked out, that we get a mention of who really wins […]

Exchange rate pegs getting a new look?

This article at Voxeu reminded me that exchange rate pegs might come back in vogue. Voxeu has an article on the “trilemma” of ’emerging’ economies: Do sterilised interventions allow countries a way around the fundamental trilemma of international finance by providing them with a means of systematically affecting exchange rates independent of their monetary policies? […]

Report From Rio…Barkley Rosser

by Barkley Rosserre-posted from Econospeak with the authors permission Will A Thousand CEOs Save The Planet? Report From Rio Just back from presenting paper at International Society for Ecological Economics (ISEE) conference in Rio that preceded the main UN Sustainable Development conference that has started today there, the Rio + 20 show.  What is going […]

Lying Liars: The Winner Is…

Or: Chris Mooney Should Really Learn to Use Graphics More He’s got a great piece (“Reality Bites Republicans“) up over at The Nation on the rise of fact checkers, the perception that they’re bend-over-backward (or forward…) “even handed” in the face of blatant falsehood asymmetry, and long-term analysis of results from PolitiFact. But he also […]

Should the Fed Buy Munis?

Mike Konczal floats a very interesting idea emailed to him by Richard Clayton, the Research Director of Change To Win (my bold for quick scanning). under Section 14 b 1 the Fed has the authority to purchase any obligation of a state or local government of 6 months maturity or less. This provision seems clearly […]

To pay for the next war…we raise taxes, cut spending elsewhere?

The Armed Services full committee meeting in light of the end of the latest round of talks with Iran and harsher sanctions (oil embargo) scheduled to take effect, points us to the need to figure out how to pay for another conflict that is not quick and victorious. The Washington Post quotes Senator Leahy: At […]

German Construction Is Looking a Bit ‘Bubbly’

by Rebecca Wilder German Construction Is Looking a Bit ‘Bubbly’ Eurostat released its volume-adjusted estimate of construction for April (release here, .pdf). Over the month, Euro area construction declined 2.75% following a large 11.41% monthly increase in March. Across the countries that make monthly data available (8 countries total), Slovenia and Portugal saw the largest […]

Methinks Jonathan Haidt Doth Protest Too Much: Southern Whites Edition

Lots of excellent pushback against Jonathan Haidt’s crazy assertion that Republicans have become the party of working people. A great takedown by Larry Bartells, you can follow the rest from there. Haidt uses an awful lot of words, numbers, pictures, and general hand-waving to point out obscure the fact that white southern Democrats have gone […]

Sorta Interesting … (Updated!)*

Thought y’all would enjoy this post, on one of THE BIG DEAL law-profs’ blogs.  It’s bloggers are right- to center-right libertarians, all (or at least most) of them former law clerks to one of the conservative Supreme Court justices. Ah. And this is even moreinteresting.  Woo-hoo! —–UPDATE: Welll.  Hmmm.  As I said earlier today in a […]