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 […]

Here’s more links on my favorite topic … Should Obama Seize Citigroup? – The Opinionator Blog – NYTimes.com The terms of the debate are shifting. The system is unstable without forceful and direct action. The current shareholder and management combinations of our major banks have proven to be a disaster. Get rid of them and […]