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

In DeLay’s Defense: Smearing the Prosecutor

Byron York tries to paint Mr. Earle as a prosecutor who abuses his business to shake down companies such as Sears: A grand jury in Travis County, Texas, last September indicted eight corporations in connection with the DeLay investigation. All were charged with making illegal contributions (Texas law forbids corporate giving to political campaigns). Since […]

Victor Canto’s Post Hoc Ergo Propter Hoc Evidence for a Free Lunch

Tyler Cowen has an interesting theory as to the “economics of magazines” as an explanation as to why the National Review has such incredibly dumb op-eds from their econopundits: Most popular political magazines live and die by direct mail. The “burn rate” of non-renewals is very high, and either advertisers or donors will care about […]

Weaker Growth for the Rest of the Year?

As the Commerce Department confirmed that real GDP grew at an annualized rate of 3.3% during the second quarter of 2005, this AP story is suggesting that growth will slow for the rest of the year: The 3.3 percent growth rate for the April-to-June quarter was unchanged from an estimate made a month ago. That […]

What Bothers Bruce Bartlett

I wish to say well done to two conservatives. First, Arnold Kling was also offended by this National Review nonsense. The other well done goes to the National Review for more wisdom and honesty from Bruce Bartlett: I was asked to testify before a hearing of the Senate Democratic Policy Committee. I made it clear […]

Did Thomas Nugent Date Woody Boyd?

Cheers fans might remember Kelly Boyd who dated Woody Boyd for a short time. During one Cheers episode, Woody tried to explain to Kelly that he did not have any money. She laughed and simply suggested that he go to the ATM machine. It seems Tom Nugent has found a similar way to pay for […]

Civil Disobedience – with a Smile

While I’m not yet ready for us to declare victory and come home, I have to admire Cindy Sheehan. Take a gander at this picture and tell me she is not taking our country back from these neocons who declare war for partisan purposes and then tried to suppress all dissent. Tell me that with […]

Memo to Donald Luskin: NYTimes is not a Government

Brad DeLong echoes our comment on the National Review’s fiscal solution and calls the editors the stupidest people alive. Never fear Donald Luskin is making a comeback: With the launch last week of “TimesSelect,” you now have to pay a fee of $49.95 per year to read Krugman online, along with Thomas Friedman, Maureen Dowd, […]

Operation Offset

A few conservatives are rightfully concerned that the massive General Fund deficit, which is still above $500 billion a year, is too high and are turning on the Bush Administration. The National Review naturally thinks spending is too high and blames Democrats who must be someone making the Republican led government be so irresponsible: We […]

Housing: Buy or Rent?

Buy or Rent? That is the question. In a recent paper, three economists compared buying and renting as part of reaching a conclusion that there is no housing bubble: Assessing High House Prices: Bubbles, Fundamentals, and Misperceptions. Dr. Thoma presents a couple of rebuttals: Housing Bubble or Housing Froth? And two recent articles gave specific […]

Cindy Sheehan’s Tiny Peace March

Byron York mocked Cindy Sheehan’s trip to Washington suggesting her peace march would get only a dozen or so supporters. While there were thousands of marchers today, it probably seemed small relative to the march in London. Mr. York owes apologies to Ms. Sheehan as well as NRO readers, but don’t hold your breathe waiting […]