…experience relative to sheer skill. The sheer is dicey, but the identification of the shift in proportionality may be accurate, and probably has applications in economics as well. *The debt…

…Collender’s conclusion: Finally, something that’s not in the Feldstein piece: dollar for dollar, military spending doesn’t provide as much an economic return as domestic spending. Building an extra tank or…

Anyone have a link to the actual Debt Audit Commission report that has Ecuador deciding to default on its illegal debt? None of the news sites that talks about it…

If you need to know why we need government (G) spending, consider that there is no investment (I), and the plight of the consumer is summarized here: The rest is…

…These words convey the idea that, because we have so mismanaged our economic and financial affairs, we are somehow able or entitled to conjure up additional funds out of thin…

Chris Dillow, beginning a post about legal avenues to reduce prostitution: If a man wants quick, unfulfilling sex with a woman who despises him, he should get married. The rest…

Via Felix, we discover Joe Nocera at the NYT reporting that securitization professionals are not as stupid as they would have had us believe: What [the FDIC] has discovered, said…

Geithner it is. I guess we can pretend he’s not a Clinton administration alum. And he has the right experience: Though not an economist, Mr. Geithner has a deep understanding…

Back in the Good Old Days, Leveraged Buyouts (LBOs) all the rage. Not coincidentally, the phrase “underfunded pension liabilities” moved into the mainstream. Long story short: when legislation is finally…

…positions worth nearly $2.9 billion, highly concentrated in popped macroeconomic bubble plays. We now have the title of the book about Henry Paulson’s time at Treasury: Popped Macroeconomic Bubble Plays….