At last!! The NYT finally talks nationalization: Sweden’s Fix for Banks – Nationalize Them Well OK it really only talks about the Swedish experience from the 1990’s … but that’s better than nothing! Just for the record: the Swedish taxpayers made a profit on the deal when the banks in question were privatized. Just saying […]

Wow. Sometimes economists can be breathtakingly dumb. More often than not they seem to be the economists who allow ideology to creep too deeply into their ‘analysis’. Here’s today’s buffoon: Robert J. Barro: Government Spending Is No Free Lunch – WSJ.com Now this is remarkably stupid. First a short primer: the argument is about the […]

Funny thing economics. One person’s bad news is another person’s good news. this morning’s housing start data is a good example. First here’s the data as reported on MarketWatch.com: Housing starts plunge to another record low – MarketWatch The market reacted very negatively to this news as if it is bad. Perhaps this morning’s dive […]