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

Working In The Coal Mine

Here’s an oddity from the McCain economic plan — McCain found some jobs that have gone away and that does want to bring back: The development of clean coal technology will revitalize coal mining and return jobs to some of America’s most economically disadvantaged areas. U.S. coal production was 1.146 billion (short) tons in 2007, […]

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 […]

Steve Forbes on Ending the Panic

Here is “How to End the Panic” according to Steve Forbes: The U.S. Treasury Department could buy dollars in the currency exchange markets. Our allies would gladly cooperate with such an operation; their exports are being hurt more and more. The Fed could mop up some of the excess liquidity it has created since 2004, […]