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

Clap Louder? (WaPo and GDP growth)

This one’s for Brad. The Washington Post’s Neil Irwin should have his license to write about economic news revoked. His lede: The U.S. economy grew at a healthy pace in the second quarter, the government said today, despite being buffeted by a financial crisis, a deep housing slump, high fuel prices and a weak job […]

At Least They’re Consistent

Just the other day, I wrote: So, I don’t go to bed worrying about inflation, or that we’ve been in an especially protracted recession for years and apparently don’t know it (an implication of claims you can find out there that CPI and like measures understate “true” inflation by very large amounts). Now, Barry Ritholtz […]

US Legislators Profiting from War? Say it ain’t so, Joe

Seems it’s not just the executive branch and their friends that have “invested” in this war. From IPS comes a news article about the money invested by our legislators. Members of Congress invested nearly 196 million dollars of their own money in companies that receive hundreds of millions of dollars a day from Pentagon contracts […]

Growth, more than freedom of capital

We have been discussing a lot of economics through the political viewer lately. And I certainly have laid my point of view out there, but I also like the theory discussion. I like to think and know how stuff works or how someone interprets what they see. I believe discussing theories leads to better political […]