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

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Confusion and language American Style

…governance of a country, including carrying out economic planning notwithstanding the ‘free market’ label.[1] I would suggest that the social structures referred to as “liberal”, “neoliberal”, “conservative” and “neoconservative” and…

GINNI THOMAS v. CLARENCE THOMAS

…most of whom once served as law clerks for a Supreme Court justice. Like standard-issue lobbyists who pedal access to legislators or members of the executive branch, these lawyers sell…

The hypocrisy of most deficit discussions

…of the financial assets, etc. Progressives would argue that class warfare is represented by the corporatist agenda that extracts all productivity gains for managers and owners and leaves workers without…

Politically Feasible Stimulus

…of the stimulus matters, but right now the main issue is that it should be large. Yes money giving money state governments is better than giving money to consumers who…

More than an election message

…way patiently over years. The pollsters therefore report that the “mainstream” of Americans prefer the conservative language and logic, and the policies that go with them. The pollsters then suggest…

FHFA Issues Subpoenas for PLS Documents

…up 26 percent from three months earlier. The company said a third of its demands to lenders for compensation have gone unfulfilled for three months. Fannie doesn’t disclose similar numbers.

SCOTT SUMNER II

…I wonder if he is even aware that economic historians label the 1870’s as the “Long Depression”. I find it really amusing that he so proud of what others call…