Two trends have dominated financial markets in recent decades. First, there is an arms race going on in instruments and trading algorithms....

Using that famous neologism of Warren G. Harding, President Bush has declared that "normalcy" has returned to Iraq. Indeed, he is...

I have been teaching for almost 40 years at a modest, but comfortable salary. I have been thinking that I should figure out a way to lose a...

Given the flurry of commentary on the anniversary of our invasion of Iraq and the reaching of the 4000-dead-US-soldiers milestone by people ...

The Social Security Trustees released their annual report today. Even though Bush has appointed people like Andrew Biggs of Cato, a confirm...

Readers of the latest missive from Brad Setser may not realize the full implications of his numbers, so we will do the math here. Brad cru...

by the Sandwichman Nothing restores a sandwichman's optimism like a pep talk from "economists" about how they've arranged ...

So, the Right Wing has decided to ignore the jab at them in his eloquent speech about endlessly showing clips of Rev. Wright's more egre...

Textbooks and most theoretical papers tell us that zero is the floor on nominal interest rates. But news reports in the last few days, note...

Commentary has been muffled on the important Iranian parliamentary (Majlis) election. Most reports have said that Ahmadinejad's group, ...

So, the drumbeat of hysteria about social security in the MSM continues today with Allan Sloan in the Washington Post. He has an egregious ...

Forbes counts 1062 billionaires. The number is increasing exponentially. Soon we will all be billionaires and the trickle down vindicated....

I cannot help but feel some satisfaction in watching recent event confirm the diagnosis found in my Confiscation of American Prosperity: Fro...

by the Sandwichman Forget about Bear Stearns. It's the long term fallout from the credit crisis that people should be worried about. In ...

Somehow I missed the news that Duane Chapman died last summer — he was only 66 years old. Duane taught environmental economics at Cornell ...