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Bits and Pieces From the Front Line

Historians will surely love to reflect on these days. Each seems to bring some violent twist. Each adds to the amounting confusion. Each makes the story that much more difficult to tell. Today we learned that last week’s apparent uptick in the labor market was an illusion. At least until next week. New claims for […]

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View From The Asylum

America is now so politically unstable that its constant lurching about has finally caught the attention of people who like to disregard politics and attend only to making money. It was their view of the political crisis that tipped S&P into downgrading US bonds. Yes the deficit is a problem that started them worrying, but […]

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Ethics, or Not, and Economics, or Not

Let’s start with some fun: How many economists does it take to screw in a light bulb? None. They simply wait for the free market to do it for them. Which is why economists are always in the dark. I am still waiting, by the way, for the surge in investment and consumption that inevitably […]

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