The Other McCain

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

Recommended Reading From Top Hayekian Public Intellectuals

Since being named a “Top Hayekian Public Intellectual” in April 2009 — we have a secret handshake and meet in a treehouse behind Thomas Sowell’s garage — I’ve striven to uphold the honor of the Nobel Prize-winning Austrian School economist. A devotion to “spontaneous order” means that admission to our ranks is open to all, […]

Krugman: If We Halt Policy That Causes Pain, The Situation Will Really Hurt

by Smitty (via Calculated Risk) I realize that Paul Krugman is to the Ivory Tower what my Congresstool is to the Administration: an unattractive cheerleader sans pom-poms. But Krugman appears either to speak another language that merely looks like English, or be completely toys in the attic. But future historians will tell us that this […]

The G-String 20

by Smitty While exotic dancers are feeling pinched financially from the economic downturn in Louisiana, more public dancers gather for another ecdysiaster in Toronto. Via Insty, Mead at AEI falls short of respect for the undertaking: These summit meetings of world leaders date back for a generation; they have always gotten lots of coverage in […]

Did Somebody Say ‘Double Dip’?

Oh, yes they did! Could a double dip in the housing market be on the way? That’s what influential banking analyst Meredith Whitney told CNBC’s Squawk Box yesterday. Market analyst Barry Ritholtz explains: The assumption has been that if we can modify mortgages or voluntarily refrain from foreclosures, the [residential real estate] market will stabilize. […]

Iron My Shirt, Megan McArdle!

She’s a newlywed, but I doubt her husband (Reason magazine’s Peter Suderman) would dare say that to her. Nevertheless, the World’s Tallest Female Blogger seems to be taking a wifely interest in household appliances: Yesterday, The Washington Post told the sad story of the last ironing board factory in the United States. To protect the jobs of […]

‘Unexpectedly’ — Again!

Purchases of U.S. Existing Homes Unexpectedly Fall Sales of U.S. previously owned homes unexpectedly fell in May, a sign demand was probably pulled into prior months before a June tax-credit deadline. . . . The decline raises the risk the retrenchment following the expiration of the tax credit will be deeper than anticipated. . . […]

Obamanomics: No Jobs, No Recovery

Here’s a handy little chart showing the pattern of job losses in recessions since World War II: That big red line is the current recession, and Scott Stoddard of Investor’s Business Daily explains: Job recoveries have been increasingly sluggish over the past several recessions and the current downturn looks to be the longest since at […]

Another Friday, Another Bank Shutdown

The FDIC has gotten into the habit of announcing bank closures on Fridays: Regulators on Friday shut down a Nevada bank, raising to 83 the number of U.S. bank failures this year. The Federal Deposit Insurance Corp. took over Nevada Security Bank, based in Reno, with $480.3 million in assets and $479.8 million in deposits. […]

« go back — keep looking »