Tom

question of fiscal threat not fiscal threat cut benefits or don’t cut benefits. but dont say that we need to cut benefits because ss costs are out of control.

Paul Krugman has an unsettling column today limning the fear that the stimulus plan will be insufficient to the challenges facing the economy. He sets up the theoretical argument on how to respond to a potential depression by sketching John Maynard Keynes’ views on the matter, and Milton Friedman’s response. Keynes feared what he called […]

Writing in Time, Lawrence H. Officer and Ari J. Officer argue that the Federal Reserve has made a terrible mistake: In their haste to avoid a repeat of the 1930s, they’ve treated the current crisis as if it, like the Depression, is the result of a liquidity crisis. And so they have responded by vastly […]

https://secure.groundspring.org/dn/index.php?id=1136

http://www.nytimes.com/2008/10/26/magazine/26animal-t.html?ref=magazine&pagewanted=all What happens if meat becomes pricier? Substitution.

Secrecy, pricing, repayment, main street…

I don’t think Petey is quite right in this comment, but he’s getting at something important. The immediate problem for Wall Street is a financial one: They don’t have enough money to survive the next few weeks absent a huge infusion of federal capital. But the financial crisis is but one system of a broader […]

I think it’s a bit weird to try to constantly write something new on something old. So here’s the post I wrote on 9/11 last year. It expresses what I still feel today. I felt a bit conflicted about writing this post. What you want to do is remember an awful crime. What you end […]

There’s a lot to disagree with in this Patrick Ruffini post (basically all of it, actually), but his list of presidential trajectories is rather interesting. Democrats, he argues, nominate a lot of career politicians. Republicans tend to nominate people who came to politics quite late in life, and didn’t show much interest in it earlier. […]