Dr. Krugman And The Economics of Hauling Coals To Newcastle
It seems that Keynesian Economists are similar to Bill Murray’s failed character in the movie Groundhog Day. They simply relive their errors until they work off their bad karma and correct their errant assumptions. Yet Dr. Paul Krugman, dominus et deus of the American Neo-Keynesians, seems stuck in an infinite karmic loop. He’s waking up on Groundhog Day forever, and sees the shadow of smaller | Read More »
The Left Riots Because It Works Like Perdition
For some on the left, too much is never enough — because, by definition, it can’t be. They operate on a modified version of the old Brezhnev Doctrine, which stated that once a country went communist, it could never go back: Once a government program is in place, it can never be cut or rescinded, only fattened. – Michael Walsh (HT: New York Post) I | Read More »
The Inevitable Endgame of Keynesian Chess
If you’ve ever played chess well, or for that matter, ever been pretentious like moi and wanted to convince others you could play chess well, you’ve studied a few openings and end games. You get these books which describe openings and end games that famous masters have played around the world. This tells you how to kick start your chess match and how to put | Read More »
Men On A Mission
You know, at some point there has to be parity. There has to be parity between what is happening in the real world, and what is happening in the public sector world. The money does not grow on trees outside this building or outside your municipal building. It comes from the hard working people of our communities who are suffering and are hurting right now. | Read More »
Who Owns Who? Do We Anger The Chinese or Mortally Terrify Them?
For a while there, I was just about ready to completely give up on Peggy Noonan. I think she had spent too many years flying around defending George W. Bush. After Harriet Myers, Comprehensive Immigration Reform, Iraq and Katrina, it may well have been that her arms had gotten tired. Today, she offered further indications that she had reacquired her groove. She may not miss | Read More »
Will PIGS Fly?
Reporter: “So Shaq, have you been to The Parthenon?” Shaquille O’Neill: “No, I’ve been staying out of the clubs to focus on my game.” It would be easy to make fun of Shaq over his lack of knowledge of European History. He seems particularly uninterested in the traditions and folklore of Ancient Athens. Give the modern Hellenic economy two more years; and he may be | Read More »