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Two New Websites

Ilana Mercer and Matthew Mueller have both recently launched new websites, which may prove interesting to Austro-libertarians.

I Told You Greenspan’s "Admission" Was Fatal

Reader Bob Roddis alerted me to this annoying cartoon. All I can say is, I told you so.

Cap & Trade: If I Can Change Just One Mind…

…I’m not sure it’s worth it, but hey it’s encouraging. AEI’s Ken Green and I butted heads (politely) at last year’s Heartland “denier” conference in NYC. Green acknowledged the caveats but, at that time, still thought the government should try to implement a revenue-neutral cap & trade program. He has now apparently retracted his earlier […]

Two Random Notes

Andrew Sullivan linked to my Crash Landing post challenging Obama supporters to list things that he could do (assuming he wins) that would make them regret their current support for him. Traffic jumped 732% from the previous day. Too bad there are no Google ads over there! On a completely unrelated note, my friend Sam […]

Is the Market Forecasting Deflation?

As I have explained in a previous post, a typical measure of the market’s inflation forecast has been falling, and just recently actually went negative. Specifically, if you take the yield on 5-year Treasurys and subtract the yield on 5-year TIPS, that should give you an approximate reading on what investors think annual increases in […]

Laffer Excoriates the Bailout

My ex-boss has an uncharacteristically harsh op ed in today’s WSJ. When I worked at Laffer Associates a couple of years ago, he would sometimes have to tell his critics, “I’m not always an optimist, I just happen to be right now.” Well, I don’t think he’ll need to worry about that particular caricature for […]

I Have a Hard Time With the Story of Noah’s Ark

I think a lot of people are shocked to discover that I believe that, say, Jesus really healed the lame, and that He really did walk on water. Well I do, and if you think that I must not understand modern science, then I think you must have way too much confidence in your understanding […]

Stephen King on the Financial Panic

The byline says it’s Stephen King, “managing director of economics at HSBC,” but it’s got to be the famous novelist. This piece (HT2 Jeff Tucker) is weirder and scarier than Firestarter. There’s no point in me even excerpting it; let’s just say, the author implies that Alan Greenspan ignored the warnings–given by both Keynes and […]