Category Archives: economics

In Steve’s Time Machine, nobody rides clean

With how much dread is still pulsating through the domestic economy with regards to unemployment, the timing couldn’t be better for lengthy analysis articles asking questions about it.  The NY Times contributes the latest entry, a consideration of why the … Continue reading

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Why I’m not a goldbug

Via ZeroHedge, Phillip Bagus talks about the problems with the Euro — and by extension all state-operated currency — and ways to approach it.  Among those is effectively to ditch the euro entirely (which in itself makes sense: establishing a … Continue reading

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Revolt Insurance: Ur doin it wrong

A long time pet peeve of mine has been the coverage of the economy by the mainstream media. Listening to them pontificate, you would assume that other than the state-backed-to-the-hilt Wall Street and the vaguely defined “middle-class”, no one else … Continue reading

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“Never mind the mold. And the termites. And the blood on the walls. And…”

Shorter Matt Yglesias: “Yes, the Fed is a central planner, but it just made a mistake. Ron Paul is nuts!” Shorter Washington Examiner: “Here, have yet more proof the Fed is hard-drive-in-a-clothes-dryer-full-of-nails corrupt” The latter cites as a source the … Continue reading

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The string that holds the yo-yo

Familiar pattern in the stock “market” these days.  Take a hit off the central bank pipe & get all amped up, then crash, slumping along until that next fat rock comes.  Well, this time rather than just the neighborhood dope … Continue reading

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The beatings will continue until morale improves

Giving speeches on the economy is apparently so popular an activity that Ben Bernanke had to get in two in fairly rapid succession.  His latest one was rather curious in a way: Ben S. Bernanke, the Federal Reserve chairman, offered … Continue reading

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Proof right-wing does not = pro-market, example #32354645

The following was in comments under a web article earlier about U.S. labor organization: Employees want to get paid as much as possible for as little work as possible.  Business owners want to pay employees as little as possible for … Continue reading

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TWI: Trade-offs While Intoxicated

A discussion about the beer market in the U.S. brings up the amount of unionization of BMCs versus smaller brewers that actually know what they’re doing, prompting E.D. Kain to say this: Maybe this is just a sign that I’m … Continue reading

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Case. In. Point.

Me, last year, re: right wingers and interventionist economics: [...]the slightest glance at their record shows they love them some Keynesian economics as long as the spending goes to the right things, by which they mean war & its related … Continue reading

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Posted in economics, random shots | 2 Comments

E Pluribus Absurdum

The Trillion Dollar Coin gambit has hit the big time, appearing in the leading paper of that company town known as D.C.: [...] Obama could always just solve the crisis with a pair of magical platinum coins. Sure, that sounds … Continue reading

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Posted in economics, fevered barking | 1 Comment