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Economic Hypocrisy

It takes a particular type of gall for someone hiding behind the comfort of a cozy tenured professorship to yelp about the way in which unions distort the otherwise – presumably – smooth operation of a mainstream style economy. Apparently one person’s guarantee is another’s structural impediment. This really stinks. It reeks of hypocrisy. It […]

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Normal Confusion

Like all fevers that gripping Washington will break. I doubt any time soon though. Until then we will lurch from crisis to crisis as the two sides battle for a longer term period of supremacy. Meanwhile for those of you interested in the real world  we seem to have hit a temporary peak. Consumer confidence […]

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Balancing Act

On last comment on what has been a busy day. People seem to forget the consequences of accounting. Stuff has to balance. Debits and credits. To and fro. Up and down. Action and reaction. To which we can add: private and public. One of the features of our discussion over American public finances is that […]

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