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

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Politically Feasible Stimulus

Robert Waldmann Is going to disagree with Barack Obama and Paul Krugman (alternative title “which one here is not like the others”). Krugman writes and Obama implies that no large…

More than an election message

…and ‘message’ is constantly displayed in comments when it comes to political messaging…especially in a forced two party system. To illustrate, allowing the labels ‘pro-life’ and ‘pro-choice’ to define the…

FHFA Issues Subpoenas for PLS Documents

…in private-label securities. These securities included subprime loans, which were extended to people with thin or weak credit histories, as well as exotic loans such as adjustable-rate mortgages known as…

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…

…order our current economists are Cactus, Divorced one like Bush, Ken Houghton, Spencer England, Stormy, Robert Waldmann, Tom Bozzo, Linda Beale, and Rebecca Wilder. Bruce Webb has added his expertise…

Tri-Committee Health Care Bill Deficit Neutral

…“The reforms included in this legislation will help control health care costs and expand access to quality, affordable coverage to all Americans in a fiscally-responsible manner.” The estimates also cover…

Warren Buffet’s annual letter to shareholders

…purchasing companies] were known as “leveraged-buyout operators.” But LBO became a bad name. … Their new label became “private equity,” a name that turns the facts upside-down: A purchase of…