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Saturday, February 28, 2009

Stimulus Disincentives

Family farms are losers in the stimulus pork barrel.

Friday, February 27, 2009

Politics in the Guise of Pure Science

Thanks to the Maggie’s Farm website for the link to this article by the estimable John Tierney, one of the very few voices of sanity on the New York Times staff.

Posted by Thomas E. Brewton on 02/27 at 12:56 AM
Junk Science • (12) Comments
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Attorney General Eric Holder’s Scabrous Screed

Stuart Taylor, Jr., takes the Attorney General to task on The National Journal Website.

 

Thursday, February 26, 2009

Stimulus Package Analogy

George Reisman explains that economic stimulus programs administered to an out-of-balance economy are analogous to giving additional doses of a chemical stimulant to a sleep-deprived person who needs, instead, rest and recovery.

With regard to the nature of true savings vs consumption, see Savings?, an article that I posted April 05, 2007.

Posted by Thomas E. Brewton on 02/26 at 11:16 PM
Economics • (3) Comments
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Reducing the Deficit?

President Obama claims that his budget will reduce the Federal deficit.  In Terry Jeffrey’s analysis, that asserrtion is a charade.

Posted by Thomas E. Brewton on 02/26 at 10:25 PM
Economics • (4) Comments
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Wednesday, February 25, 2009

No More Unilateral Foreign Policy?

Our New liberal-progressive-socialist administration ostentatiously renounced the purported unilateral foreign policy modes of its predecessor in favor of the “sensitive” foreign relations protocol enunciated by Senator John Kerry in the 2004 presidential campaign.

Apparently that message was for domestic consumption only.  The Obama Justice Department has managed to introduce the compassion of the IRS into a major blowup with Switzerland.

Sunday, February 22, 2009

Oxymoron of the Day

A Wall Street Journal headline pull-quote:

The European leaders of the Group of 20 agreed that all financial markets, products and participants including hedge funds must be regulated, and any measures that might distort competition must be minimized. [my italics]

 

Posted by Thomas E. Brewton on 02/22 at 02:22 PM
Economics • (1) Comments
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Saturday, February 21, 2009

The Limitations of Econometric Computer Models

Computer models were the tools employed to inflate the subprime mortgage balloon that precipitated collapse of our financial markets.  And the same sorts of inherently faulty computer models are generating proclamations that President Obama’s near-trillion-dollar stimulus and mortgage protection programs will create millions of new jobs and restore the economy to prosperity.

Posted by Thomas E. Brewton on 02/21 at 10:15 PM
Economics • (8) Comments
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Friday, February 20, 2009

Tooth Fairy Economics

Tom Woods gives his perspective on why the current stimulus plan, indeed any stimulus plan, is worse than doing nothing.

Posted by Thomas E. Brewton on 02/20 at 12:21 AM
Economics • (5) Comments
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Thursday, February 19, 2009

D

If we’ve been there before, supposedly our perception ought to be sharpened.

Unfortunately, not so.  Read this article from December 1998, more than ten years ago.

Posted by Thomas E. Brewton on 02/19 at 11:12 PM
Economics • (5) Comments
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