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Spending Freeze – Say What?

I spent much of the time since I first heard about Obama’s proposed freeze on Federal discretionary spending trying to pretend I had misheard. After that failed to make the whole thing disappear, I began to wait for details that would reveal something that wasn’t a nightmare. No luck. This is just rotten economics.More to […]

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Cheer Up Obama

The fine line between economics and politics has frayed this last week in the aftermath of the Massachusetts election result. I never thought the line was substantial anyway, but that only served to place me on the edge of economics rather than invalidate what I thought. After all for the first hundred and fifty years […]

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Bank Bashing

Sitting, as I was this morning, reading the Financial Times an ill-informed reader could have been excused for feeling sorry for bankers. After all the sudden burst of populism at the White House seems to have caught the industry off guard. Time will tell whether the administration is serious about following its words with action […]

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