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

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Media bias and impressions

…the campaign. First off, it is worth noting this little nugget about the study’s methodology, buried at the end of the PEJ report: “Talk radio stories … were not included…

Loans from China

worth noting that China has already cut off lending to U.S. banks. ________________________ reader Andrew Update: reader Jon H. reports this is not official policy: The China Banking Regulatory Commission’s…

What is an Asset?

…contracts, one side of which may—by that simple—become worthless or become payable? I’m not suggesting that Helicopter Henry and Biplane Ben’s $100B inflation solution isn’t going to work,* but if…

Bailouts and Moral Hazard

…so. I can translate my populist rage into gametheoryspeak noting that bailouts create moral hazard problems. The US government can’t let Fannie or Freddie or even the medium size bad…