Category: Economics

quote of the day

quote of the day

“Talk about misplaced anger. Wall Street built a wooden house, stuffed it with flammable material, set it on fire, and then poured gasoline on the blaze. And now it’s blaming the inferno on the...

Geithner and AIG

Geithner and AIG

I guess there’s only one guy to blame for the AIG bonuses, so next time Obama revs up the populist righteous indignation he knows who to direct it at…. 

Dear Abby

Dear Abby

Jack Gillis proves that sometimes less is more: Dear Abby: I’ve been in a long-term relationship with Benry. Bank cheated on me back in the 1930s but I put my foot down at the...

Stewart v. McArdle

Stewart v. McArdle

Megan McArdle  completely misses the point of “fake news”, or at least she’s missed the point of the Daily Show, which along with the fake punditry of Stephen Colbert is just about the best...

quote of the day

quote of the day

I’ve found that those who defend Bernanke as having inherited Greenspan’s mess are most likely to have first heard Bernanke’s name on the day Bush nominated him. But he’s played an important role in...

Balance Sheet Recession

Balance Sheet Recession

So I was listening to NPR this morning and a Japanese economist was talking about their “lost decade” and chalked it up to what he termed “balance sheet recession.”   Basically, too many people...

Growth and Prosperity

Growth and Prosperity

The loss of our self-understanding as parts of a whole meant that individuals who achieved material success were able to consider their achievement as fully their own. By contrast, those who happened to be...

God keep our land…

God keep our land…

I lived in Vancouver, BC for two years and honeymooned there years later, but the extent of my knowledge in regards to Canada is limited mainly to such trivial (yet ironically important) matters as...

Casino Politics

Casino Politics

In response to Freddie, Ross Douthat writes: The issue is the risk the Democrats are taking, period, by spending enormous sums that aren’t obviously justified by the current crisis, at the start of an...