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Crashing

I haven’t been blogging because yesterday and today I was at the Hilton in downtown Nashville for this. I’ll give a postgame show next week; I have to crash right now. In the meantime, does anyone know if Bill Gates gave to one-world type causes before Microsoft got hit with the antitrust suit? I.e., is […]

Call the Papers! Brad DeLong Disagrees With Krugman

This happens very rarely but DeLong disagrees with Krugman (HT2 Tyler Cowen). I’d like to say that DeLong had said, “You know, on second thought, maybe Hoover wasn’t an Austrian,” but that’s not what happened. (1) Krugman said even a helicopter drop of money can’t boost aggregate demand. (2) DeLong says sure it can, and […]

Shifting Alliances

A somewhat angry post that makes some good points. I liked this one in particular: Looking back, one has to wonder how economists ever came to the consensus that making ultra-underpriced loans to clumsy, inflexible banks could ever possibly be a good idea. My suspicion is that it is a kind of Goodhart phenomenon: at […]

What’s the Opposite of Plagiarism?

Normally you expect someone to blog about something and not give you credit for it. But in this LRC blog post: Charles Hugh Smith provides a remarkably concise outline of how the politically-connected Wall Street big banks and the Fed are fleecing the American people in “The Con of the Decade.” This is an excellent […]

But the President Himself Promised Me I Could Keep My Insurance!

Consulting By RPM is my corporation, which provides health insurance for my family. I recently received this letter from the insurance provider: Dear Consulting By RPM Inc.: Effective January 1, 2011, Bluegrass Family Health, Inc. will cease to provide coverage in the fully insured small group and large group markets in the state of Tennessee. […]

John Conyers Is Taxed for Time

This is old news, but since I first heard it this morning, maybe the same is true for some of you: Once the humor subsides, just think about the implications of that. Here we’ve got one of the guys who is ostensibly our representative who contributes to the formation of legislation, talking about something that […]

Do Not Read This Post If You Are Easily Offended

I was listening to NPR–I switch between that, the station that carries Glenn Beck and Rush, and the station that carries Dave Ramsey–and the announcer did the standard tease, “Warning, we are about to play some audio that may disturb you. It comes from a phone conversation Mel Gibson had over child custody…” I decided […]

Economists Are Funny

Bryan Caplan: Out of all of Arnold’s macroeconomic views, only one strikes me as truly absurd: His skepticism about the ability of central banks to affect nominal GDP and other nominal variables. … Frankly, I don’t see why anyone would even start to hold Arnold’s view. The quantity theory of money is extremely intuitively plausible, […]