Category Archives: Economics

Big Ideas From the Democratic Debate…NOT!

I have not finished watching the Democratic debate but I saw enough to prompt a little metaphorical and literal regurgitation.[1] Martin O’Malley Let’s warm up with Martin O’Malley. It is pretty clear from the debate that O’Malley thinks that he … Continue reading

Posted in Economics, Finance, Politics | 2 Comments

Access (Should Be) Denied

The Wall Street Journal has recently run a lengthy, front-page article entitled “How Some Investors Get Special Access to Companies.”  This is the type of article that should make the blood boil. The article describes private meetings between large investors … Continue reading

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The Fed Decision

After moving house and taking a two-week break in Canada and New England, there is a lot of catching up to do.  Let’s start with today’s post, the length of which I apologize for in advance. The Fed Decision Last … Continue reading

Posted in Economics, Finance, General Culture, Policy, Politics | 2 Comments

Some Short Takes

Greece What would a posting be without some comments about Greece? Here are some quick ones. One of the interesting dynamics in Greece is the continued attachment of the Greek population to the Euro. All the polls show 60-70% majorities … Continue reading

Posted in Economics, Finance, Policy | 10 Comments

A Death Foretold

There is an old joke about economists and their allegedly unrealistic way of looking at the world. The punchline is the economist asking “that’s all good and well in practice, but will it work in theory?” As someone who looks … Continue reading

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Common Sense from the WSJ

There have been two great recent editorials in The Wall Street Journal. The first (“A Grecian Formula for Ruin”) harkens back to a point I made in “Furor Teutonicus” and which is so often forgotten in the “austerity” debate:  groups within … Continue reading

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A European Argument with Lessons for America

I have stated before that the argument over immigration is in many ways a disguised debate about the welfare state.  Further proof of this contention comes from Europe, where “welfare tourism” has become a major issue. “Welfare tourism” is the … Continue reading

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Headscarves and the First Amendment

Back in my youth, I thought I understood the First Amendment, at least as it related to religious freedom.  It meant that jackbooted police officers could not burst in on peaceable worshippers and start arresting them.  It also meant, as … Continue reading

Posted in Economics, Policy, Politics | 7 Comments

The Ghost of Dubya

Over the last week or so, we have seen why I hope the Republicans do not nominate Jeb Bush as the party’s presidential candidate.  Not because he is a bad guy, not because he has bad policies, and not because … Continue reading

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Central Bankers: Finally Getting the Joke?

There are some nascent signs that the world’s central bankers are finally beginning to understand – or at least publicly acknowledge – that their policies are, for the third time already in this new century, creating asset bubbles that have … Continue reading

Posted in Economics, General Culture, Policy, Politics | 4 Comments