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

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Raising Future Taxes Yet Again

…argument: specious logic; ignorant confusion of correlation with causation; deliberate simple-mindedness; or even the “Donald Duck theory of economic growth“. Whichever label you choose, it is, unfortunately, also just par…

Confusion and language American Style

policy champion, a financier, and a key partner”: Neoliberalism. Via the New World Dictionary: — n a modern politico-economic theory favouring free trade, privatization, minimal government intervention in business, reduced…

…formed the core of the blog for many years. Each has a Ph.D. in economics, but AB’s focus is on microeconomic issues, Kash’s are in macroeconomic issues, and PGL’s training…

Warren Buffet’s annual letter to shareholders

…terrible policy if continued for long. Holders of these instruments, of course, have felt increasingly comfortable – in fact, almost smug – in following this policy as financial turmoil has…