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

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I Heart Sane Conservatives!

…a guy who likes historical fact. They understand that today’s so-called “conservatives” are anything but conservative. I could talk economics and politics with them over drinks without wanting to shoot…

Why Does Y Equal Real GDP?

…of national accounting), that Y means nominal GDP. Saturos sez: Talk to any Keynesian and you’ll find that they’re far more inclined to interpret Y = C + I +…

Guest Post: Rationality of Banks

Note: This post originally appeared, in slightly different form, at the author’s personal blog, Diogenes of Brooklyn. It appears here with that blogger’s kind permission. He does talk in the…

by Dale Coberly Social Security…Hearts and Minds Tom Margenau wrote an essay about the payroll tax holiday in The National Memo Is Your Tax Holiday Gift A Lump of Coal?…

About That, er, Monetary Expansion…

…undermine the Fed’s long-standing commitment to price stability.” Stimulate bank lending by putting a tax on excess reserves, hoping that banks will the lend out the money if the have…