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

You searched for: label/great stagnation

The Texas Miracle, Yet Again

We keep hearing about the Texas Miracle. It’s been mythic since “openly gay” Governor Rick Perry declared that Texas was in great shape, in no need of stimulus monies at…

More on derivatives

by cactus Last week I wrote A Simple Explanation of How The Use of Derivatives Created The Great Recession. I want to clarify things with an analogy that at first…

Piestein

…to preserve the power of those who make them, their great and chief aim for many ages, was, and still is, to enable those who are not labourers to appropriate…

Deal maker in chief…

…failure would not only tarnish Republicans; it would also stain Obama’s legacy. ” 2) “Great presidential leadership entails figuring out how to deal with even those who do not like…

Bill Gates is naive, data is not objective

…Bill Gates proposed to “fix the world’s biggest problems” through “good measurement and a commitment to follow the data.” Sounds great! Unfortunately it’s not so simple. Gates describes a positive…

Does David Brooks Really Think Student Loans, Public Universities, Public Infrastructure, and Small Business Loans Are Attempts at Socialist Central Planning That Undermines Creativity and Private Enterprise? I Mean … REALLY?* [Appended 1/23]

…out-of-state tuition back in the late 1980s, and early 1990s, under a federal Great Society program? The whiplash-inducing stuff in Brooks’s column appears at two points. The first one comes…