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

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What’s Your Top Ten List for Tax Reforms?

…whose speculation was a key factor in the Great Recession). The theory behind capital gains preferences–according to all those pundits, Chicago School economists, and conservative supporters–was that it would free…

Adam Smith says

…be much above the lowest market rate. If the legal rate of interest in Great Britain, for example, was fixed so high as eight or ten per cent, the greater

Going Galt – Present and Past

…One inherited a Great Depression, one inherited a great economy, one raised taxes, the other cut marginal tax rates, but both expanded the size and scope of government a lot,…

The President’s Speech

…States: I’ve come here tonight not only to address the distinguished men and women in this great chamber, but to speak frankly and directly to the men and women who…

Cato Disinformation

…ranks as America’s greatest depression fighter? America’s greatest depression fighter was Warren Gamaliel Harding…. Harding inherited Wilson’s mess — in particular, a post–World War I depression that was almost as…

WAPO on AIG

…I’m in the presence of a great man and that’s worth something.” I don’t want to know how much dealing with such a great financial genius was worth to Savage….

My Essential Blogs

…links are excellent. 9. Eschaton. Atrios’ unashamedly liberal news blog is a great round-up of the days events. 10. Washington Monthly’s Political Animal. This was a great blog when Kevin…

Capital Spending in the Depression

By Spencer Brad DeLong said that Krugman eviscerated George F. Will on the level of capital spending during the Great Depression. Delong said:I have never been able to make any…