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

Brad DeLong (Desperately?) Tries to Rationalise the Giveaway

UPDATE: Dr. Black twists the knife. The Geithner Plan FAQ is worth reading; it’s a classic example of treating an incomplete market as if it were the entire market. And note that “skin in the game” is limited to a part of the local pool. Unfortunately, while Treasury plays in the wading pool, hedge funds […]

Grass is Green, Sky is Blue, The WSJ Lies to You

Among their editorial suggestions for replacing Tim Geither as head of the New York FRB: Better choices would include …David Malpass, an economist who worked at the Reagan Treasury and long predicted the credit bubble…. Yes, you saw that correctly. David Malpass. Strangely, they don’t describe him as “David Malpass, former Chief Economist for Bear […]