rdan (hat tip 2slugbaits) Krugman says here: What I’ve illustrated here is the marginal cost and benefit of government purchases of public goods in and near a liquidity trap. The marginal benefit is presumably a downward-sloping curve. If G is low, so that monetary policy cannot achieve full employment, the marginal cost of an additional […]

In 1979 Peter Sellers starred in a brilliant movie about the ultimate in accidental Presidents. As the movie ends Chance the Gardiner has not actually been elevated to be Leader of the Free World but is well on his way. Because people could read meanings they wanted to hear into what he was saying. I […]

by cactus Kafka and Bills Back in May, we moved out of state. Before we did, we canceled our assorted services, ranging from the newspaper subscription to gas. One of the utilities we canceled was Los Angeles Department of Water and Power. The ex-GF called, and they said they’d do a final reading and send […]

Robert Waldmann While blogging here at Angry Bear, I have been almost as blunt and direct as I am ignorant, but I would like to be much more frank in this post. The question, roughly, is which innovative financial instruments and trading strategies are socially useful. This is important, because people argue against draconian regulation […]

She’s got a broken collarbone, so we’re indulging her for the moment. So after we finished reading the two age-appropriate books (e.g., Paddington at the Zoo), she said, “go back to the one you were reading me earlier.” She fell asleep to Geography and Trade.

Wow…here we go!

rdan Knoxville News points to a 2003 report on options to fix the leaks: In November 2003, a leak along the bottom of the dike forced TVA to cease depositing fly ash into the pond’s dredge cells. TVA considered at least eight options to address the leak, according to a Dec. 22, 2003, agency update. […]

rdan CNN has a follow up to the story and post concerning the breaking of a retaining dam and the coal ash that was released. Coal ash is full of heavy metals, and not bio-degradable. I believe I was the only one to be concerned about the water sources for the area as part of […]

Economy: Enjoying the Pre-Game Show? Sorry to be missing from the Angry Bear scene – but I have had several long and serious medical outages in 2008. Good health insurance was my best investment – picking up a six-figure tab. So far as other investments are concerned — in some of my 2007-2008 HALOSCANS I […]

I spent most of the evening reading Underbelly posts, so this link is probably due to Buce: On Oct. 22, 1986, President Reagan signed into law the Tax Reform Act of 1986, one of the most far-reaching reforms of the United States tax system since the adoption of the income tax. The top tax rate […]