Monthly Archives: October 2011

Most Everybody’s a Keynesian

Faced with this prospect (triggered defense cuts), Republicans — who normally insist that the government can’t create jobs, and who have argued that lower, not higher, federal spending is the key to recovery — have rushed to oppose any cuts … Continue reading

Posted in Economics, economy, Fiscal Policy, Government, Keynesian, Liars, Policy | Tagged , , , , , , | Leave a comment

One Thing I Didn’t Know, and One Thing I Didn’t Think Was Likely

What I didn’t think was likely may be so: The conditions are coalescing for another US resurgence (in manufacturing). Rising wages, shipping costs, and land prices-combined with a strengthening renminbi-are rapidly eroding China’s cost advantages. The US, meanwhile, is becoming … Continue reading

Posted in Agriculture, Links to Things, Manufacturing | Tagged , , , | Leave a comment

Tunisia Moderate Islam Party Ennahda: Probably Not That Different from the Republican Party

Just how Islamist will the likely dominant Tunisian party be? This question’s going to be asked a thousand hundred times (Tunisia probably won’t get that much coverage – we’ve got like 9 Republican candidates to lazily gossip about) in the … Continue reading

Posted in Bias, Comparative Governance, Political Parties, Skepticism | Tagged , , , , , | Leave a comment

I Don’t Often Read ‘The Hill’, But When I Do

I find most of the comments to be insane: http://thehill.com/blogs/congress-blog/foreign-policy/188959-foreign-aid-shouldnt-be-first-thing-on-the-chopping-block I am mad at myself for clicking this link. Of note, widely circulated previously but again: Americans think foreign aid is 20% of the budget, and believe it should be … Continue reading

Posted in Foreign Affairs, Foreign Aid | Tagged , , , , | Leave a comment

Why the Charge “OWS Has No Clear Message” Is Wrong in One Photo

Update: This woman is a reporter and was fired from her job (big surprise, it was part-time) for expressing her political opinion outside of work. Political movements are about steering different interests, and not about getting everyone into one group … Continue reading

Posted in Occupy Wall Street, Protest, Pundits, Wall Street | Tagged , , , , , | Leave a comment

Krugman Gets to the Heart of American Political Dysfunction

Why, then, does Wall Street expect anyone to take its whining seriously? That money manager claiming that finance is the only thing America does well also complained that New York’s two Democratic senators aren’t on his side, declaring that “They … Continue reading

Posted in Campaign Law, Opinion Pieces, Politics, Uncategorized | Tagged , , , , | Leave a comment

Student Loan Debt Forgiveness: Avoiding Moral Hazard

I’m also sympathetic to mortgage cram-down in bankruptcy court, and other forms of partial mortgage forgiveness, since it’s hard to argue that there’s something morally awful about those kinds of giveaways when bank profits have recovered due to a massive … Continue reading

Posted in Policy | Tagged , , , , | Leave a comment

How Does the Employment Rate Look Structural?

There is no evidence of structural unemployment. I don’t know how anyone can say with a straight face “The high rate is structural given long-term employment trends” or even “The high rate is now structural because the recession popped a … Continue reading

Posted in economy, Labor | Tagged , , , | Leave a comment

New York Times’ Recent Word Salads

Read more, think more, write less Continue reading

Posted in Government, Media, Obstructionism, Opinion Pieces, Politics, Teabaggers | Tagged , , , , , , , | Leave a comment

Borne Back Ceaselessly Into the Past

Yesterday, Oct. 3, 2011, the S&P 500 closed at 1,099.23. Exactly three years ago, on Oct. 3, 2008, the S&P 500 closed at 1,099.23. Freakonomics Things are not much improved, things are much the same. If we ignore the mortgage … Continue reading

Posted in economy, History, Wall Street | Tagged , , , , | Leave a comment