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

Wampanoag

The Wampanoag also need remembering today, with care and humbleness, as part of our history and who we are. Can we handle both ideas of Thanksgiving simultaneously? Both the gift and the sacrifice?

Quote of the Day (though from four days ago)

Chris Dillow, beginning a post about legal avenues to reduce prostitution: If a man wants quick, unfulfilling sex with a woman who despises him, he should get married. The rest is one of Dillow’s usual rational exigeses of the vagaries of “rational” policy making. Tell me again about how Micro makes more sense than Macro.

How To Bail Out the Economy – A Less Wrong Way

by cactus How To Bail Out the Economy – A Less Wrong Way Regular readers know I’ve had post after post explaining why a bail-out would be a bad idea and would not work, dating to long before the bail-out began. I predicted that the end result would be the further enrichment of some of […]

Social Security: Inter and Intra-Temporal Contingency

What fresh hell is THIS?When I first started studying Social Security in detail sometime late in 1997 I made what to me was kind of an amazing discovery. Social Security ‘crisis’ then and now tended to be perceived and discussed within the deterministic frame of Boomer Retirement, kind of a ‘demography makes destiny’ thing. Every […]

$7.7 trillion

Bloomberg does the numbers with details, and then we must add Citi’s $304 billion. Total of promises to date is 7.7 $trillion.

The Bail-Out Will Not Work

by cactus Let Me State Again: The Bail-Out Will Not Work, It Cannot Work I’m on vacation, and I check the news and Angry Bear and I find this crazy bail-out is growing like mad just in the last few days. I had a post at the start of this thing that the bail-out wasn’t […]

It’s not that Schiff was so correct, it’s that the shows were so manipulative

by: Divorced one like Bush Crooks and Liar’s posted this video, but their presentation seems more from a position of how correct Peter Shiff was. I think what is more important, and a better lesson to learn is how much crap was being presented by Fox as real, reliable, truthful information that “you can use”. […]

English translation, or Kleptocracy Defined

Via CR, the Fed announcement this morning: The Federal Reserve Board on Tuesday announced the creation of the Term Asset-Backed Securities Loan Facility (TALF), a facility that will help market participants meet the credit needs of households and small businesses by supporting the issuance of asset-backed securities (ABS) collateralized by student loans, auto loans, credit […]