The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

BLACK WEDNESDAY: Stock Market Disaster of Biblical Proportions!

OK, maybe a tad over-the-top there in the headline. As of 3:30 p.m., the Dow Jones Industrial Average was off about 260 points, but that’s not quite 2.5% of the index value, so it’s too early to expect stockbrokers to start jumping out windows in Lower Manhattan. See if you can’t spot the magic word […]

It’s Time To Call The Bluff On Progressivism

by Smitty Megan McArdle offers an outstanding play-by-play of the dust-up between Wisconsin’s Wonkish Wunderkind and Krugman. Krugman is “that fool on television getting payed to play the fool”, and we all get that, including Krugman. The economic models are slightly better than global warming models, I can opine with as much legitimacy as anyone […]

Bankrupt States and Dot-Bomb Startups

The news that the state of Illinois is essential broke and yet owes an estimated $3.2 billion to various contractors, pensioners, etc., prompts an Instapundit reader to compare it to a bad dot-com operation. Worth reading.

Population Stagnation

“Societies that cannot replace their populations discourage investment and innovation. They have stagnant or shrinking markets for goods and services. With older populations, they resist change. For a country to stabilize its population — discounting immigration — women must have an average of about two children. That’s a ‘fertility rate’ of two. Many countries with […]

Debt Slavery Is THE Issue

by Smitty (via Uncoverage) Uncoverage posts a startling article by ChuckDeVore.com that shows: According to Moody’s, the average state per capita debt of the 28 Obama states is $1,728 while the average debt in the 22 McCain states is less than half, at $749. This information alone says a lot about voters and their attitude […]

Recovery Summer: U.S. Now Losing Jobs

The New York Times writes a confusing lede, but ultimately can’t hide the bad news: With the American economic recovery hanging in the balance, private employers added 71,000 jobs in July, up from a downwardly revised 31,000 in June but below the consensus forecast of 90,000. The unemployment rate stayed steady at 9.5 percent. Over […]

‘Coked-Up Stimulus Monkeys’

No, it’s not the name of a punk rock band, it’s what Democrats are doing with your tax money: Harry Reid’s Plan to Save the Nevada Economy: Coked-up Stimulus Monkeys In the face of the worst recession since the Great Depression, where has the money from Harry Reid’s stimulus bill gone to help our ailing economy? Cocaine-addled […]

The Sadly Underrated ‘Broken Window Fallacy’

by Smitty (h/t Fausta) People object to the broken window fallacy in terms of economic opportunity cost. The baker in the example could have had a window and a suit. Maybe the White House CoS can explain: “You never want a serious crisis go to waste. What I mean by that is that it’s an […]

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