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

The Economics of History, Douthat-Style

I try not to pay attention—and not provide a direct link—to the NYT’s Stupidest Conservative. It’s one of the greatest advantages of having Susan of Texas around: you can go there and see anything I might write, done better, and (in this case) with cute graphics. But when Brad DeLong falls down on the job—dealing […]

What Once was Naivete is Now Idiocy

Update: Brad DeLong appears to confirm that Obama’s inner circle would be best served by being placed in a circular firing squad, given live ammo, and being told to “do what is right.” The plethora of disingenuous claims that Barack Obama “won” with the McConnell-Obama “compromise” are legend. See, for instance, the idiocy of Andrew […]

Joachim Voth Tells the Truth and Shames the (German) Devil

Echoes of Japan, echoes of the Great Depression. One of the few economists who knows history closes a post by presenting the proper context for the choices: A quick exit [by Ireland, from the Euro] may still be better than a decade of slow, grinding deflation combined with Zombie banks and Zombie household balance sheets […]

Fire Tim Geithner. Then Be a One-Term President.

I doubt even the Internet’s self-appointed Chief Geithner Apologist will be foolish enough to stand by him after this piece of shite: Some people just don’t like movies with happy endings. How else to explain this week’s report by the Office of the Special Inspector General for the Troubled Asset Relief Program (SIGTARP)? Rather than […]

Obama Administration Foolishness, Part 1

When the question is asked whether the Obama Administration are fools or liars—and a certain Chicago mayoral candidate is often nominated as both—you can be certain discussion of “the public option” will come up. It doesn’t come up directly in today’s FT (page 4 of the print edition; no link; I get the paper edition, […]

Forget Jumping the Shark? The WaPo is Doing the Tango with It

UPDATE: Jason Linkins at one of the non-Breast-Enhanced sites of the Huffington Post did a burlesque of which I can only dream on the same piece. Via Chris Hayes’s Twitter feed (and he got it from David Sirota), the following is from “No more ‘me first’ mentality on entitlements“: While it does not happen often, […]

He’s from Georgia, but He Speaks the Language Very Well

WalterJon finds a brilliant judge’s response to a “birther” case: The Court observes that the President defeated seven opponents in a grueling campaign for his party’s nomination that lasted more than eighteen months and cost those opponents well over $300 million. Then the President faced a formidable opponent in the general election who received $84 […]

At CATO, knowing how to diagram–or read–a sentence is an impediment

Via djw at LG&M and Echidne, the original sentence: Since 1920, the vast increase in welfare beneficiaries and the extension of the franchise to women — two constituencies that are notoriously tough for libertarians — have rendered the notion of ‘capitalist democracy’ into an oxymoron. The it’s-not-the-stupidity-it’s-the-coverup “explanation” from the editor: [Thiel] writes only that […]

I’d like to refinance, please.

In one of the stupidest wastes of Treasury monies this month—a major accomplishment, though AIG hasn’t hit the trough again yet, so there might be hope—the Treasury wants to subsidize new mortgages (link to CR): Under the plan, Treasury would buy securities underpinning loans guaranteed by the two mortgage giants, which are temporarily under the […]