The return…
…of the Twinkie. I never, never ever, cared for the things, so I don’t have a dog in this race. But some of you may care very, very much.
Continue reading →Category Archives: Finance and economics
Cyprus roundup
More on Cyprus: Here’s a good article about why what happened in Cyprus is important. And the comments to the article are worth looking at, too. This article gives a clear explanation of how the EU could be so stupid. … Continue reading →
The Cyprus Parliament…
…did in fact reject the bill to “tax” bank deposits, even though it had been amended to exclude smaller investors from the levy. The vote was 36 against, 0 in favor, and 19 abstentions. Hundreds of protesters outside Parliament cheered … Continue reading →
The Cyprus Parliament may show some common sense…
…unlike the EU “leaders” and the Cyprus president who agreed to the reckless trashing of the people’s trust in the integrity of their bank accounts: Cyprus’s Parliament is likely to reject an international bailout package that involves taxing ordinary depositors … Continue reading →
Cyprus: does this make sense?
To save the Cyprus banking system, they have to destroy people’s faith in it. Does that make any sense to you? It doesn’t to me. Ah, but they promise they won’t do it again—just this once! But why would anyone … Continue reading →
Cutting entitlements is a hard and thankless task…
…and most of the Republicans in Congress don’t really seem to want to do very much of it. There’s a reason for that: human nature. Such cuts are unpopular with people. Ever since the 1930s, this country and Europe have … Continue reading →
The sequester: Bob Woodward say Obama’s a liar
No, he doesn’t use the l-word. But he says it nonetheless, and in the WaPo. Of course, the days when Bob Woodward could make presidents shake in their shoes are long gone. Not sure anybody cares now. There’s much more … Continue reading →
Fun with statistics
Revisiting income inequality. I say “revisiting” because of this earlier post of mine on the subject.
Continue reading →So, here’s my question for Nancy Pelosi:…
…when you say it’s “almost a false argument,” does that mean it’s like, you know, true?: It is almost a false argument to say we have a spending problem. We have a budget deficit problem that we have to address,” … Continue reading →
On the deeply flawed CBO scoring of Obamacare, and what it means
Read this and get angry about Obamacare all over again. Remember how it had to receive a good report from the CBO in order to be passed? Well, here’s how the smoke and mirrors worked: In sum, the scorekeeping baseline … Continue reading →
Miscellany: unemployment up…
…but that’s actually good, according to Alan B. Krueger, the White House Chairman of the Council of Economic Advisers. Or something like that. And then there’s the news that, under Obamacare, the “bronze” plan for a family would cost about … Continue reading →
Surprise! Unexpected! Economy contracts in fourth quarter
How long can the media continue to be surprised by negative reports on the economy? And why are the rest of us not surprised? Or is the media only feigning its surprise? Now, I understand that this is the first … Continue reading →