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

While You’re Busy Making Other Plans

Two Views of The Late Great Johnny Ace: 69 Years after his birth, my eldest daughter’s favorite band is The Beatles (slightly ahead of the JoBros). The main reason, apparently, is this film. (I’m trying to show her the originals on which it is based, but the best of the set is temporarily unavailable).

Score the War

by Bruce Webb Davis Obey asks some hard questions that should have been asked long ago. My eye was caught by question one which prompts the title of my post. Why insist that Health Care be budget neutral and come in below some arbitrary target? Why did we even allow these wars to be funded […]

Pull Quote of the Day: The Police Know The Truth

From Constance Ash’s discussion of Capitalism: A Love Story: There are some scenes that that must have been shot around the period when enraged screwed-over people gathered at the New York Stock Exchange yelling, “Jump! Jump! Jump!” Moore has said in an interview, that while at the NYSE the NY cops came up to him […]

PSA: D-Squared Rivals Quiggin

I recently mentioned D-Squared’s four-part review (evisceration?) of Freakonomics. I had forgotten he wasn’t finished. Part Five is now posted. And the conceit of the pieces—”that there is something terribly, horribly wrong with the state of modern economics”—that dates back to 2003(!) is all the more validated. John Quiggin should include all five parts as […]

Marginal Cost

Robert Waldmann Kevin Drum writes Nicholas Tabarrok (brother of Alex) is a producer of small indie films. But he’s frustrated because there’s no way for him to increase his audience by lowering the price to see his pictures: When I make, say, an $8M film it has to compete at the same price level as […]

message size should not exceed :-(

Robert Waldmann Does anyone hate the limit on comment length as much as I do ?Kharris had a very interesting comment on a post of mine below. I wrote a long reply.I can’t post that reply in the comment thread so Kharris’s comment and my reply are is after the jump. Warning amateur philosophy of […]

Support for Opt Out Public Option

Robert Waldmann There is a surprising consensus for having a public option but allowing states to opt out. Paul Krugman likes the idea Josh Marshall likes the idea (and notes that Sen Schumer likes the idea) DailyKos frontpager McJoan likes the idea In that post Mcjoan also notes that Max Baucus and Howard Dean support […]

A Research Agenda

cross posted with Gavin Kennedy Rdan here…Gavin Kennedy in his blog Adam Smith’s Lost Legacy notes how the ‘invisible hand’ is used in modern economics and especially the media, and begins to lay out the challenge. The entire post follows: Monday, October 05, 2009 A Research Agenda “Even Adam Smith, the canny Scot whose monumental […]

Cochrane Vs Krugman

Robert Waldmann Look everyone is bored with this but I promised an e-mail correspondent that I would write about it. I can’t force myself to read Cochrane, but I obviously just read Fox’s quotes of Cochrane. I think I have something new to add to the pointless discussion of professor Cochrane. Warning: I go too […]