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    Economics /

    The Stimulus Debate: A Medium Term View

    February 3, 2009

    It seems that everyone is now weighing in on the stimulus package. And with good reason. As it exists now the assortment of bits and pieces included in the plan represent a mixture of sensible immediately effective expenditure, along with what appears to be a wish list of projects that the Democrats in the House […]

    Commentary, Economics /

    A Rant About Bonuses; Then the Lesson to Be Learned

    February 1, 2009

    First: allow me to rant: Twice in the recent past we have been witness to the enormous cultural gap that separates senior corporate executives, and their coterie of hangers-on, from the rest of us. The first instance was the absurd trio of auto maker CEO’s flying into Washington on their private jets in order to […]

    Economics /

    GDP Sinks Like A Stone

    January 30, 2009

    There is nothing unexpected in the news released this morning that the economy, as measured in GDP, sank at an alarming rate in the fourth quarter last year. Here is the government press release: BEA: News Release: Gross Domestic Product I apologize on behalf of the government for that appalling presentation! Nonetheless: the news is […]

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