Harvard big shot economist Gregory Mankiw* has gotten a lot of mileage out of his recent screed, “Defending the One Percent,” basically claiming that rich folks should get the “just deserts” of their labors, which most wondrously enrich the lives of the rest of us uncreative schmucks, and arguing that the more we uncreative schmucks…
Search Results for: ECONOMIC GROWTH
Peggy Noonan 2013—colder, sordider, and stupider than ever you could imagine
The Republicans never seem to hit bottom. Latest in the hit parade of Republican folly is the “theory,” earnestly advanced by Stan Veuger of the American Enterprise Institute and promoted in a fury by Peggy Noonan of the Wall Street Journal, that the 2012 election was stolen from the Republicans by those light-fingered liberals at…
Felix Salmon hits it out of the park
I know it seems like I only write about Felix Salmon when 1) I’m desperate for a post and 2) I need someone to make fun of, but that’s not entirely true. At least, it’s not true today, which confirms my thesis, because today I’m all raves over Felix’s fabulous piece kicking the shit out…
Bruce Bartlett, refuting vapor
Bruce Bartlett, everyone’s favorite truth-telling Reaganite, does the unnecessary, and does it well, here, explaining why, even if everything went “right” in Mitt Romney’s tax “plan”—which is to say, if one could divide by zero and count up to infinity in a couple of hours—it would have no more than a minimal impact on the…
What if they gave a demonstration and nobody came?
Well, they are coming, slowly and fitfully, to the “Wall Street Sucks” campaign currently underway in lower Manhattan. Even if, like me, you probably disagree with 99 percent of what the “99%” demonstrators have to say, it’s nice to hear someone bitching out loud about Wall Street. For true-blue liberals, of course, the continuing mystery…
Lost in the Ozone
Poor President Obama! When he murders innocent kids in Central Asia, I attack him. When he cancels overly restrictive regulations of ozone and promotes a pipeline to bring Canadian oil to the U.S. to fuel our economy, Ralph Nader attacks him. Yes, Ralph Nader, the guy who gave us Dub-Ya, is still talking, still bitching,…
Two and 44/100s cheers for capitalism
A fascinating story in the September 9 Washington Post tells the tale of a come on practiced by some DC-area car dealers: Come on down and win $30,000 in cash! Or a Silverado truck! Or a flatscreen TV! Or a voucher for 150 gallons of gas! Now, granted, the odds that anyone would win any…