Here’s an explanation of how the CBO works—or fails to—because of the ridiculous rules by which it is bound. I agree. As I wrote back in December 2009: The CBO has become a way to give the imprimatur of fiscal … Continue reading →
Shorter McArdle: the CBO scoring has become a joke, and the bill is a financial disaster. But nobody who wants to vote for it is listening or cares. [NOTE: A while back, I made a similar point as McArdle on … Continue reading →
…offers a cost estimate on the Big Dig.
Continue reading →…among friends?: Obama boasted Monday that Democrats’ health care proposals would cut deficits by $1 trillion “over the next decade,” a flub that inflated the actual estimate by $868 billion. This did not appear to be an ad lib, either; … Continue reading →
…has mortgaged our future, saying it’s okay because the good times will start rolling soon. Or are they aiming for the collapse of the economy?
Continue reading →I am not an expert in economics or business, nor do I play one on TV. But when Megan McArdle, who is both of those things, writes that there’s not much that government can do for the long-term unemployed, I … Continue reading →
Well worth reading, including the comments. [ADDENDUM: Here’s another good one: “the last bull capitulates.”]
Continue reading →Remember this clever video on Keynes and Hayek’s theories? Look at the actors in it: And look at the actual men, when they were young. Here’s Keynes: And here’s Hayek: Pretty good likenesses, no?
Continue reading →This WSJ piece and this one from RealClearMarkets both comment on the fact that the bills have come due for the welfare state. This is most readily apparent in Europe, a part of the world that has pursued the cradle-to-grave … Continue reading →
One would think that—if bipartisanship were possible—one issue on which Congress might be able to unite would be jobs creation. After all, everybody knows jobs are needed, and everyone wants credit for reducing unemployment and helping the economy. What’s more, … Continue reading →
[See UPDATE below.] Sadly enough, this comes as no surprise whatsoever: The Obama administration’s plan to cut more than $1 trillion from the deficit over the next decade relies heavily on so-called backdoor tax increases that will result in a … Continue reading →
Not.
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