Category Archives: Economics and the like

Did I Say The Rich Wouldn't Pay a Price?

Well, do I ever stand corrected. They’re paying a terrible price. Terrible: “A lot of those people will have to sell their homes, they’re going to cut back on the private jets and the vacations. They may even have to … Continue reading

Posted in Economics and the like | 22 Comments

Medicine

“Laissez faire et laissez passer, le monde va de lui même!” —Vincent de Gournay We starry-eyed liberals are told, again and again, that laissez-faire capitalism is really the ideal for all the people of the world. Republicans and libertarians alike are … Continue reading

Posted in Economics and the like | 6 Comments

The No Deal

I think Paul Krugman has this dead to rights: I hate to say this, but looking at the plan as leaked, I have to say no deal. Not unless Treasury explains, very clearly, why this is supposed to work, other … Continue reading

Posted in Economics and the like, In the news | Comments Off on The No Deal

The Best Ad of the Campaign So Far

Posted in Economics and the like | 1 Comment

Fed Set to Nationalize AIG

This is, to put it nicely, complete and utter bullshit: In an extraordinary turn, the Federal Reserve was close to a deal Tuesday night to take a nearly 80 percent stake in the troubled giant insurance company, the American International … Continue reading

Posted in Economics and the like | 21 Comments

Quick Question for the Econ Majors Out There

Is it a bad thing if our banking system collapses? In one of the most dramatic days in Wall Street’s history, Merrill Lynch agreed to sell itself to Bank of America for roughly $50 billion to avert a deepening financial … Continue reading

Posted in Economics and the like | 8 Comments

Whine, Whine, Whine

I mean, who could think there’s anything wrong with the economy? The US government took control of mortgage giants Fannie Mae and Freddie Mac on Sunday, placing them in a government “conservatorship” to help avert a financial system meltdown from … Continue reading

Posted in Economics and the like | 6 Comments

Bush Administration Forbids Voluntary Testing For Mad Cow Disease

Aaaargh! Do the folks at the Bush administration believe a word they say about economics? Or are they consciously lying because they know that just saying “we want to help the rich and powerful, and fuck all to everything else” … Continue reading

Posted in Economics and the like, In the news | 20 Comments

Obama's economic policies

David Leonhardt has written a long and substantive (although definitely pro-Obama) piece on Obama’s economic policies. It’s definitely worth reading if you want a one-stop summary of Obama’s economic views. From a progressive point of view, assuming the article is … Continue reading

Posted in Economics and the like, Elections and politics | 8 Comments

Yes, schools cost money to run, and cutting budgets hurts students

Over at Hit and Run, Nick Gillespie says “what, me worry?” to schools cutting programs and services in response to tightening budgets: Jesus Christ, is this the worst of it? If so, please just stop. As someone who had kids … Continue reading

Posted in Economics and the like, Education, Libertarianism | 15 Comments