We Were Starting to Think It Might Never Happen…
-
…but after months of delay, the Obama administration has finally named a
nominee for the position of USAID administrator.
The Center for Global Developme...
Sorry For Not Posting NFL Lately
-
In case you've been wondering why I haven't been posting my No Free Lunch
columns from the Inquirer in my Multiply site lately, it's simply because
I've be...
Marginal Tax Rates
-
Clifford F. Thies writes, When you take into account the loss of means-tested benefits (e.g., cash assistance, food stamps, housing subsidies, and health ins...
A Jobless Recovery
-
An economist explains why output and employment are moving in opposite
directions, and are likely to continue doing so for a while.
FIRE Larry Summers NOW!
-
Larry Summers to 15 million unemployed Americans, "Go fuck yourselves."
Translation:
"The primary objective of our policy is siphoning off a part of the an...
The Burglary Recession
-
There's at least one unexpected benefit of rising unemployment. More people
are staying home during working hours, and going out less often at night.
That ...
Counting “Jobs Saved” by Obama Fiscal Stimulus
-
The National Journal asks: “Is the Obama administration’s stimulus plan
helping to create or “save” 650,000 jobs, as the president and his aides
say? Is th...
The Triumph of Socialism
-
Do you think ideas don't matter, that what people believe about themselves and their world has no real consequence? If so, the following will not bug you in ...
Cochrane on Krugman
-
| Peter Klein | John Cochrane tackles Paul Krugman’s infamous essay (via
Casey Mulligan). My own view of the crisis (and of macroeconomics) is
different fr...
The Times' Rorshach Geithner Story
-
The New York Times has provided a handy blogging point for today in the form
of a long piece on the relationships Tim Geithner formed while head of the
N...
MONEYNESS OF “MONEY”
-
What is Money? This question seems so elementary and self-evident. Money is,
after all, the colored pieces of papers issued by the government that we
have ...
noynoy, etta, luisita
-
read this open letter by akbayan’s etta rosales to for senator benigno
aquino 3rd in the manila times today but can’t find it in the online
edition. goog...
13 hours ago
Economics as Zen
The market is like a post-impressionist painting.. The close view is no more real than the far view.. That is all. -- Deirdre McCloskey
Ponzi units ... make position by selling out positions. -- Hyman Minsky
Words ought to be a little wild, for they are the assaults of thoughts on the unthinking. -- John Maynard Keynes The wish is father to the thought.. What it means is that the wish is the father of faith. -- Ludwig von Mises
Pablo Picasso Art of the Day
T. S. Eliot wrote about the bottoms of trousers worn rolled
Having long toiled within a behemoth, I have since decamped to a quiet bay, at times on a single outrigger. I contemplate how social order and the economy interact. And what it's all about.
I've come to realize, painfully, that opportunity cost shatters the lenses of artificial privilege and self-delusion -- either you can or can't, whatever be the object. Why? Because opportunity cost is the next best thing.
