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The FBI Looking to Hire More Bloggers?

Jesse Johnson passed along this story–and he actually did it days ago, when it was fresh!–about the FBI hiring “right-wing” bloggers. I called them up, but they explained that I am serving their false-flag purposes just fine, for free. They assure me that several agents read my blog religiously. All joking aside, here is the […]

Is Amazon Making Some Kind of Purchasing Power Joke?

So I want to read up on the German hyperinflation, what with that old adage about history repeating itself. I asked (who else?) David Gordon for a book recommendation, and he suggested Adam Fergusson’s When Money Dies. But when I look it up on Amazon, there is one copy, priced at $761.29. Am I somehow […]

Stiglitz Knows Dollar Crash Is Coming, Too

As CNBC reports: A new global reserve system is needed after the global financial crisis exposed the U.S. dollar-based system as flawed and risky, Nobel Prize-winning economist Joseph Stiglitz said on Friday. The “dollar now is yielding almost zero return,” Stiglitz said in a speech at the United Nations regional headquarters in Bangkok. “The current […]

This Recession’s Got Legs

More “unexpected” bad news from CNBC… Jobless claims show “surprise” gains, and mortgage delinquencies aren’t confined to subprime borrowers: Late payments on U.S. mortgages increased to a record in the second quarter, with almost one in eight homeowners delinquent or in the foreclosure process, the Mortgage Bankers Association said Thursday. A sharp drop in subprime […]

Dress Rehearsal for 2010? Nixon Defends Dollar From the Evil Speculators

This has been floating around the internet (e.g. LRC), but I just watched it this evening. Rarely have I seen such a video clip packed so densely with economic fallacies and simple lies. But for our purposes, note the emphasis on protecting American workers and the dollar from international speculators. I think we will be […]

More Convenient Data Sampling By Krugman

A reader asked me to investigate this Krugman blog post. Echoing DeLong, Krugman is arguing that the fiscal conservatives are wrong to worry that Obama’s deficits will push up interest rates: Brad DeLong has been writing about the falsity of the claim that large-scale government borrowing in a liquidity trap will lead to soaring interest […]

Has Andrew Sullivan Disavowed Barack Obama, Like He Promised?

Back in late October, I wrote: In a previous post, I admitted that I now feel quite foolish for being afraid that if Gore won the White House, he would have “wrecked the economy.” (Again, I didn’t vote for Bush, but I was rooting for him against Gore. I rooted for Kerry, though again I […]

Is the BLS Suppressing Producer Price Inflation?

As long-time readers know, I am very skeptical of the big deflation scare. The raw CPI numbers have risen at an annualized rate of 4.2% since December. The “seasonally adjusted” CPI numbers–what the press reports–are up only 2.4% (at an annualized rate) over the same period. Now it’s possible that it will all even out […]