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

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Doing the honorable thing

Here’s another great piece by one of our newest and most favorite Mudflatters, Alaska Representative Les Gara. He’s not only a great legislator, with a real insider’s perspective on the…

Minimum Wage and the Supply Curve

The other day I read an interesting comment at Division of Labor. Art Carden of Rhodes College wrote: I’ve had a great time in Great Barrington, Massachusetts while I’ve been…

STOCK MARKET VALUATION

greater. It was so great that if you used trailing one year earning growth to estimate stock market valuation it could generate major problems. For example, the day FDR was…

Iraq and Iran

…a multilateral forum.” . We use to have a great defense against the influence of Tehran in Iraq — it was Saddam. In the 1980s the Vice President actually helped…

The Financial Accelerator, Revisited

…risk of recession can be traced in part to the insights he gleaned from his pioneering research on the financial system and the Great Depression. Bernanke Last June, Mr. Bernanke…

Water in the works in December 07

The Great Lakes Water Resources Compact was signed last December by the governors of the eight states that border the lakes — Minnesota, Wisconsin, Illinois, Indiana, Ohio, Michigan, Pennsylvania and…

Good Night and Good Luck

…McCarthy: The American people realize this cannot be made a fight between America’s two great political parties. If this fight against Communism is made a fight between America’s two great

A Rising Tide That Used to Lift All Boats

…with greater income inequality (for example, the 1920s), and conversely times of economic decline have been associated with greater equality (the 1930s). The lines of causality here are complex, and…

Live Bloggin’

…says Bush. – Note to Bush: vociferously. Making, given to, or marked by noisy and vehement outcry. – Kerry: generals love me. We let Osama go. “Collosal failure” Great stuff,…