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Gibson Guitars: A Great American Company
Is over-regulation killing American industry? From NPR: In the hottest part of an August Tennessee day last Thursday, Gibson Guitar CEO Henry Juszkiewicz stood out in the full sun for 30 minutes and...
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The Cost of Obama’s Stimulus
The cost of Obama’s latest jobs program is in — and it’s costly. From the Daily Bail Zero Hedge: The report was written by the White House’s Council of Economic Advisors, a group of three economists...
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Bubbling Up
We’re getting dangerously close to a head and shoulders pattern in both manufacturing output, and the S&P500: What does this graph tell us? Well in the last ten years we have seen little net gain...
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The Unstimulus
If your predictions are wildly out-of-whack with reality, you need to change your approach. Here’s a 2009 Obama administration graph authored by Jared Bernstein and Christy Romer showing their...
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Latvia Is No Success
Anders Aslund of the Peterson Institute is fairly certain that austerity during depressions works: After five years of financial crisis, the European record is in: Northern Europe is sound, thanks to...
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Economists vs the Public
They don’t agree: My responses: Question 1 — Agree Economists in Sapienza and Zingales’ study resolutely agreed that it is hard to predict stock prices. A majority of the public agreed with the...
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When Is Austerity Necessary At The Treasury?
I have made clear in the past that I believe that the time for austerity at the Treasury is the boom, not the slump. However this is a very general and non-specific definition. I want to be a little...
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Paying For Our Past Sins
Michael Kinsley’s argument for immediate austerity is about “paying for our past sins”: Krugman also is on to something when he talks about paying a price for past sins. I don’t think suffering is...
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Why We Should Build The Death Star
In January 2012, Zero Hedge made a sarcastic proposal to boost US GDP by $852 quadrillion — building the Death Star, a fictional moon-sized space station from the Star Wars film series: Building a...
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