Category Archives: Economics

The Wealth of Sh-theads

Amidst all of the discussion about Thomas Piketty’s Capital in the Twenty-First Century, which describes how inequality will continue to rise, this is an issue I haven’t seen raised, but, snark aside, seems rather important: This might not be a … Continue reading

Posted in Basic Human Decency, Economics, Fucking Morons | 1 Comment

How Republican Craziness Is Undermining the South’s Massive Keynesian Stimulus

One of the great ironies of U.S. politics is that the region which is the most ‘fiscally conservative’ and which opposes government spending–the South–is actually the largest beneficiary of federal deficit spending: In many years, the South possesses much of … Continue reading

Posted in Conservatives, Economics, Fucking Morons, Healthcare, Propaganda | 5 Comments

Technobrats, Beware Campbell’s Law

David Leonhardt is all excited about the growing movement to measure the effectiveness of gummint programs! And yet there is some good news in this area, too. The explosion of available data has made evaluating success – in the government … Continue reading

Posted in Economics, Education, Fucking Morons, Statistics, Things That Make Ya Go Boom | 2 Comments

Saturday Sermon: “[Economic] Depression Is a Choice”

Steve Randy Waldman makes a point probably familiar to regular readers (boldface mine): We are in a depression, but not because we don’t know how to remedy the problem. We are in a depression because it is our revealed preference, … Continue reading

Posted in Economics | 2 Comments

First Things, First: Jobs, Everything Else Is a Second Order Concern

Or as we like to say around here, people have to like this crap (boldface mine): Dirty secret number two: This is a bogus recovery—and it’s going to poison society, unless we are wise enough to recover from the recovery. … Continue reading

Posted in Economics | 3 Comments

The Cost of Misunderstanding How Money Works: So Long Invertebrate House

Like most people–and I’ve been a supporter of the National Zoo in Washington DC for nearly a quarter century–I was shocked to learn that the Invertebrate House will be shuttered for good this Sunday, June 22. Why? Budget cuts: The … Continue reading

Posted in Economics, Fucking Morons, Funding, Insects, Museums etc. | 3 Comments

Agency, the Vanishing Middle Class, and Swinging For the Fences

Felix Salmon asks a question (boldface mine): No Exit, the new book from Gideon Lewis-Kraus, should be required reading for anybody who thinks it might be a good idea to found a startup in Silicon Valley. It shows just how … Continue reading

Posted in Economics, Jobs | 2 Comments