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

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Conflict of Interest

…information with which to evaluate economists’ advice. Peter Dorman also comments. Dr, Goose supplies some of the sarcasm I felt concerning transparency and the field of economics with this post:…

Cleveland = The New India?

…everything including the proverbial kitchen sink, right? The sink is gone. The plumbing is gone in this house. All the copper. Anything metal that had value is gone. The furnace…

Education with a Twist—An Oliver Twist

…quibble over financing public schools? Is that expenditure for prisoners reaping a better result? Maybe we should teach high school students to be prison guards as it is a growing…

Cozy peer benchmarking… Ceo pay soars

The practice of ‘peer benchmarking’ and cozy relationships on executive boards have contributed to a steep rise in CEO pay since the 1970s, reports Peter Whoriskey in The Washington Post’s…

About That, er, Monetary Expansion…

…definition. GDP=GDP, as it were. P = Price Level. This is slightly more difficult conceptually, because we aren’t going to include everything. But if we assume (short-term) that the “market…

The ATM Myth

…“thinking” from the President—who has had Austan Goolsbee, Larry Summers, Peter Orszag, Alan Kreuger, Jason Furman, Jason Bernstein, and several others (even dissing Christina Romer, as the Now-Sainted-by-the-Press-for-his-Fairness-to-Women Obama explicitly…

You Want to Invest in This?

…they’re fairly similar: Stevie gets followed by Aretha, Cockburn gets followed by an instrumentalist or a McGarrigle sister, Henley gets followed by mellow Genesis or Peter Gabriel (“In Your Eyes”)…