About that Keynes/Hayek rap video
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 →Category Archives: Finance and economics
Two reports on the growing unsustainability of the welfare state
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 →
So much for attempts at bipartisanship
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 →
Promises are meant to be broken: budget includes back-door taxes for middle class
[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 →
Jobs
Not.
Continue reading →Time to abolish the CBO?
I was thinking today that the CBO (Congressional Budget Office) serves no useful purpose anymore. It’s not allowed to tell the truth. Instead, it has become the tool of a Congress willing, eager, and all too skilled at tailoring legislation … Continue reading →
A bill to restore Glass-Steagall
I almost missed the fact that last week John McCain proposed a bill to reinstate Glass Steagall (see these articles for my previous thoughts on restoring the act). This is a reminder of why John McCain, with all his very … Continue reading →
The Obamacare cost-savings mirage
Remember that promise the Obama administration made, that health care reform would be financed by cost-saving machinations that would eliminate waste while maintaining quality? Turns out that those measures are unspecified and unknown, theoretical and untested, and that major players … Continue reading →
The blame duck blames the fat cats
President Obama says “”I did not run for office to be helping out a bunch of fat cat bankers on Wall Street.” No, of course not. He ran for office to be helping out his own fat cat friends and … Continue reading →
Obamacare as suicide mission
Holman Jenkins writes: It’s no exaggeration to say the Senate health-care bill taking shape is the equivalent of climbing aboard a train about to plunge into a canyon and deciding what it really needs is a bomb on board. Ouch. … Continue reading →
Who’s afraid of Glass-Steagall (or the uptick rule)?
Remember (ah, it seems like eons ago) the first few months of Obama’s presidency? The focus was on the economy and attempts to foster its recovery. There were a gazillion articles about what had gone wrong: blame the Democrats, blame … Continue reading →
Health insurance death spiral
Here’s another piece to read, and then send to everyone you know. If they’re anything like my (almost universally liberal) friends, they won’t read it. Or if they do, they won’t believe it. Or if they read it and believe … Continue reading →