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

Cranky Physicist Robert Park, a Physicist at the University of Maryland, posts/emails on Fridays. Here’s his take on the plans to eliminated the testing requirements for missile defense: MISSILE DEFENSE: PENTAGON SEEKS WAIVER FROM REQUIRED TESTING. In April 2000, the APS Council stated: “The United States should not make a deployment decision relative to the […]

More Mankiw Earlier, I gave a piece of advice to Greg Mankiw, incoming chair of the Council of Economic Advisors: Note: Mankiw has also written a few books, including a Macroeconomics textbook. I advise keeping public pronouncements consistent with theories in the latest editions of those books. Atrios has the goods on Mankiw’s Principles of […]

Three Takes on “The Veil of Ignorance” Preface: I don’t entirely agree with Rawls’ conclusions, but this is surely true: only a few people in this world are truly irreplaceable, John Rawls was one such person; read one obituary here. The Three Takes: The West Wing. In the first scene, Will Bailey (the character that […]

Angry Bear Hits Continue to Grow Wow, a link from Atrios can really drive a lot of traffic my way. Thanks Atrios, and welcome new readers! But I wonder…is that too much power for one man or woman to wield? AB Coming soon: John Rawls, The Veil of Ignorance, Eric Alterman, Progressive Taxation, The West […]

A New Trend? Maybe this will lead to a First Amendment challenge of the Digital Millennium Copyright Act (DMCA). Here’s the highlight: U.S. Justice Department said Wednesday it had seized a rogue Web site that offered information on bootlegged video games and movies, as the owner faces sentencing for copyright violations. Note that the siezed […]

More on Mankiw

More on Mankiw Before this announcment, Brad DeLong wondered why Mankiw (and others) signed the “Republican Economists’ Letter”: I was slightly disappointed, second, to see Greg Mankiw’s, Mike Boskin’s, and Marty Feldstein’s names on the signature list. I don’t think the letter accurately reflects their views–meaning that if I held their views about how the […]

Now who do I pick on? This just came across the wires: Hubbard leaves econ post. My theory: the barrage of critical analysis from Angry Bear became too much to bear. Note that the announcement hit the wires a scant 9 minutes after my More Glen “No connection” Hubbard and Taxes post. Hubbard’s being replaced […]

More Glen “No connection” Hubbard and Taxes I came across this very recent interview with Glenn Hubbard (chair of the President’s Council of Economic Advisors, in which Dr. Hubbard talks about “The Fundamentals of Tax Reform”. I first mentioned Hubbard and tax reform here, give links to other stories on Consumption and Income Taxes here […]

Dividend Taxes Part III: Empire-Building This is long, but hopefully not too boring. If you are in a hurry, skip down to the bold-faced paragraph and read from there. Quoting from an earlier post, dividend taxes “do discourage firms from distributing profits to shareholders. And, as it turns out, when firms don’t distribute profits to […]

Exciting Opportunity My contact email ( has only existed for 10 days. In the entire Internet, it is only posted here. What is the third email I get? That’s right, an exciting opportunity to help embezzle funds out of Nigeria! FROM THE DESK OF: BARRISTER SAMUEL BASSEY. FAX: 234-1-ZZZZZZZZ. E-MAIL: ZZZZZZZZZZZZZZZZ@NETSCAPE.NET. HELLO, I SINCERELY HOPE […]