==> On the latest episode of Contra Krugman, Tom and I are a bunch of softies and mostly agree with Krugman about the tough spot Republicans are in, vis-a-vis ObamaCare.
==> A long interview I did with Scott Horton on all kinds of stuff.
==> Dan Mitchell of CATO discusses new research showing that “fiscal austerity” via spending cuts is much better for the economy than via tax hikes. (It’s almost like, giving resources to politicians is worse than letting people in the private sector keep them.)
==> Don Boudreaux has been spilling ink on the issue of trade deficits, pointing out that a current account deficit is the flip side of a capital account surplus. As such, if a foreign company invests in the US (even to build a factory here), then by itself that action would increase the US trade deficit. So is Trump for or against? This post is nice because it shows the technicalities of these arguments and also that Don is willing to admit when he oversteps.
==> I realize that super-low interest rates have something to do with it, but FYI right now the Shiller CAPE PE Ratio is at a level only seen before in 1929, 2000, and 2008.
==> The only thing more shocking than Michael Malice’s 6-pack abs is that his article about them is very interesting.
==> Don’t worry, James Hansen now tells us we have a little more wiggle room before “it’s too late” to stop climate change.
==> I feel really bad that I’m doing this to him, but a while ago Josiah Neeley sent me this post on the “anarchist case for climate action.” I had been waiting to “do it justice” but I’m still swamped through Christmas. I’d better just post it here and hope to come back to this stuff next semester in a journal article.