Category: Economics

Two American columnists on the Greek elections: one who is hopelessly wrong, and one who is painfully correct

When Greek voters elected a hard-Left politician who promised to reverse austerity, Paul Krugman celebrated wildly.  In a column filled with economic cant, he explained that it was always a disaster for Greece to turn to austerity when its economy collapsed, instead of spending its way out of its financial woes:

Continue reading

The Bookworm Beat (10/23/14) — Mega giga woppa edition (and Open Thread)

No time to talk. I’ll just dive right in. The Canadian shooter: “Fox Butterfield, is that you?” If you recognize the quoted phrase above, it’s because you’ve seen it often enough in James Taranto’s Best of the Web. The “Fox Butterfield Fallacy,” Taranto explains, “consists in misidentifying as a paradox

Continue reading

The Bookworm Beat (10/14/14) — Quotable quotes edition (and Open Thread)

Still catching up from the devastation that yesterday wrought on my schedule. However, I had the chance to read a few good things: Ken Braun: The real unemployment is much higher and most Americans know it: Regardless of reasons, the net effect of a steadily rising adult population and sharply

Continue reading

The Bookworm Beat (9/26/14) — Friday wrap-up edition and Open Thread

My sister summed me up in a sentence: “For an incredibly neurotic person, you’re very normal and easygoing.” I know what she means. All my neuroses are turned inwards. They drive me crazy, but they don’t interfere with anyone outside of my brain. If you meet me, I’m friendly, good-humored,

Continue reading

Why Americans aren’t buying into Obama’s economic inequality shtick

For Barack Obama, Nelson Mandela’s death came like manna from heaven.  After all, until Mandela’s passing sucked all the oxygen out of any other news stories, the headlines, even from Obama’s staunchest cheerleaders, were about Obamacare.  The cheerleaders printed stories bravely admitting that the exchange is still bedeviled with problems,

Continue reading