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

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Risk = Freedom?

…entrepreneurship: people can hazard their savings by starting a business rather than hoarding everything for old age. Social guarantees for basic needs make it possible for artists to risk making…

Economics an Almost Social Science

…politique explores the Political Econonomic Outlook for Capitalism. Mark Thoma had pointed to this Business/behavioral science can help guide economic-policy view notion of looking at incentives in an empirical way….

The Main Point

…an enormous misallocation of investment, but this will become apparent only when the threat of global warming is taken seriously.) If the structuralist story is right, the ongoing slump is…

Bankrupt Rhetoric

Peter Dorman at Econospeak comments: Bankrupt Rhetoric I woke up this morning to Paul Ryan, describing his budget proposal, as quoted in the New York Times: “This is about putting…

Satire? Or Prophecy? Or just Being There?

…that he instead acts from the gut and not by taking direction from the pointy headed among us. Which should sound painfully familiar. You want a ‘Bush Legacy Project’? I…