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Paging George Orwell

Maybe it’s because economics requires the development of math skills to the exclusion of writing skills that much economics writing is riddled with ill-conceived metaphors. Paul Krugman sounds the...

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Truth

I’m so sick of people like Steve Forbes and Larry Kudlow talking nonsense. Megan McArdle to the rescue: The good news is, the weak dollar isn’t the catastrophe that some people seem to think it is....

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Now I Got Worry

What’s that? You’re not worried about what’s been going on with the economy? Surely you religiously read Martin Wolf? You know, the guy at the Financial Times, probably one of the best economic...

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The N-word

Via Naked Capitalism, we get this mind-boggling article from the Telegraph: A senior official at one of the Scandinavian central banks told The Daily Telegraph that Fed strategists had stepped up...

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Gawker Salaries

I had no idea Gawker bloggers made this kind of money: It turns out that Golson got 557,469 pageviews in March, which equates to a total paycheck of $5,435. That’s well over double his base pay. His...

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The Folly of Rashness

Daniel Yergin, chairman of Cambridge Energy Research Associates and author of the seminal history of oil, writes a thought-provoking piece in yesterday’s FT. It’s not that prices are soaring due to an...

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Not Helpful

Does Matt Yglesias really want this? Is he serious? In November, there’s going to be an election. And in January, there’ll be a new President. And in the interim, progressive groups will probably come...

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The Real Economy and Long-Term Trends

Dow’s down a whole lot today. Is the end in sight? Probably not. Financial sector troubles have started to affect consumption decisions on the part of individuals, with consumer purchases down 1.2% in...

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A Return to What?

Megan McArdle has a deft post up critiquing the Democratic rush to fiscal stimulus which is well worth your time. In a nutshell, there’s precious little evidence to suggest that any kind of politically...

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Your Morning Friedman (Milton)

Libertarian-minded conservatives would do well to remember that the revered Milton Friedman didn’t sympathize with the Austrian view, which holds that financial crises are to a large extent the result...

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