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

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Ten Years Gone

…and wanton torture of prisoners—and who, in this novel, are largely credited with re-electing President Bush despite those revelations and an economy driven to stagnation by war—cheering the mere suggestion…

Tyler Cowen and ‘something amiss’

…salaries,” notes Richard Posner, a critic of today’s executive compensation (and also, incidentally, the judge who recently turned down Conrad Black’s U.S. legal appeal). The rich also greatly enriched themselves…

Gold Standard

…markets including the Russians selling their gold stocks, other central banks selling gold, technological improvements in gold mining, Japanese stagnation, India legalizing private gold holdings and gold imports — in…

Employment Report

The employment report appears to confirm that the economy has slipped into a stagnation scenario as both payroll and the household survey reported that employment fell. The drop in employment…

C+I+G+T

…to sustain their anticipated standard of living. The other is within the basic theory of tax breaks generating greater returns. Standard theory says this should lead to greater savings. But…