William Greider is a saint: These players are promoting a tricky way to whack Social Security benefits, but to do it behind closed doors so...

See previous story describing the background to the massive fire outbreaks in Southern Australia. World media have focused a lot of attenti...

Can’t the WSJ find someone other than Karl Rove to write op-eds on economics? They also asked the Congressional Budget Office if the Democr...

Yesterday when the bankers were telling Congress how much they have been lending, I don't know of anyone who asked them how much of thes...

Full disclosure – every time I have to endure listening to Ali Velshi opine on economic matters – I want to scream. So before we discuss hi...

The Economist makes an interesting observation: Mr Obama continues to seek sensible economic advice. It was emblematic of George Bush’s low...

by the Sandwichman In the previous post , the Sandwichman concluded that Humpty-Dumpty hookah-smoking Caterpillar Keynesianism is not as daf...

Michael Perelman has suggested that banks may serve a public utility function and should be nationalized. I assume he means the functions o...

The GOP 2008 nominee for the Presidency appeared on Face The Nation and made some incredibly stupid remarks: I think it’s a massive -- it’s...

NBER says we had a recession from July 1981 to December 1982 but I guess Alan Reynolds does not know this: This suggests the entire period...

What is it that a bank really does? In college, many decades ago, I was taught that banks served to bundle many small investments to make t...

by the Sandwichman We are all Keynesians now but some are more Keynesian than others. Keynes was NOT a Keynesian. There are, nevertheless...

I guess CNN felt compelled to allow Mitt Romney words to be aired because Romney was once a Presidential contender but the following is rea...

The image on the right is of a koala in South Australia that sought refuge from the extreme heat this last fortnight by climbing into a tub ...

BLS leads with some bad news in its January 2009 Employment Situation Summary: Nonfarm payroll employment fell sharply in January (-598,000...