Pro Growth Liberal at Econospeak also takes Joe Scarborough to task on Krugman and Keynes: Joe Scarborough on the Deficit After his interview with Paul Krugman this morning Joe Scarborough wrote: Mr. Krugman’s view is that Americans would be better off if its government ran deeper deficits and ignored its longterm debt.To suggest that Keynesians like […]
Update: Noahpinion takes on the same in How to win arguments by pretending to be stupid. The comments section offers other points of view. Ron T. aka Jazzbumpa received an unusual thank you from Paul Krugman for this post on a Mish Shedlock post about debating PK. Krugman recommended Beverly Mann on January 15th this year […]
On Saturday Mish wrote a really awful article with those words in it’s title. The article borrows these words and includes a quote from an even more awful article by Austrian school economist and author Detlev Schlichter. Part of that quote is presented here. What makes him [PK] so annoying is his unquestioning, reflexive and […]
I watched NBC Nightly News with Brian Williams last night. Big Mistake. Big mistake. Because now I’m really confused. I was pretty darn sure until then that “raising the debt ceiling” meant allowing the Treasury Department to pay financial obligations already incurred, such as interest on bonds, Medicare payments, and contract obligations, and to allow […]
Okay. There’s no way to do justice to Washington Post centerist columnist Dana Milbank’s column today about Obama’s “presser” yesterday by just summarizing it or quoting a sentence or short paragraph from it. And justice for that column, titled “President Congeniality talks tough,” is what I want. So here are the first six (blessedly short) […]
I want to remove the post I posted this afternoon called “Harry Reid Throws Down the Gauntlet In Front of … Obama. Hurray.” I think Reid has done exactly that, and I think he’ll play a much larger role in the debt ceiling debate and other fiscal-policy debates going forward, as will the other Dem […]
Obama pushed forward despite strong reservations expressed by top congressional Democrats — especially Reid — who privately described it as a “bad deal” that would increase Republican leverage in future budget fights. … Reid figured Democrats could get a more favorable agreement if they waited. When Reid saw an offer that Obama had considered pitching […]
In the past discussions at Angry Bear on the impacts automation might have on our lives, and the economics involved, gathered comments such as “You are a neo luddite”. As if widespread use of automated systems was automatically good for us overall because we would have access to ‘more higher wage and higher skilled […]
Have you no sense of decency, sir? At long last, have you left no sense of decency? — Joseph N. Welch, head counsel for the United States Army while it was under investigation by Joseph McCarthy‘s Senate Permanent Subcommittee on Investigations for Communist activities, an investigation known as the Army-McCarthy hearings. Spring 1954. Shortly after the Denver debate two weeks ago, […]
In a terrific article published on Friday, Slate’s John Dickerson asks: Which Mitt Romney DoYou Trust Most? Is he a cold-heartedconservative or a moderate Republican from Massachusetts? How can we know? As for the second of those three questions—Is he a cold-hearted conservative or a moderate Republican from Massachusetts?—I think there’s a third possibility. I […]