Homines libenter quod volunt credunt
Posted in Corporatism on Feb 6th, 2009
“Bush overpaid banks in bailout, watchdog says,” Only a few reminders. First is that Geithner, now Obama’s Treasury secretary, had no small hand in these dealings. Second, it isn’t overpayment” by a mere $78 billion, it’s the whole damn thing. Third, of course it was “Bush” and not “government.” Just get the right guys in […]
Posted in Politics on Feb 6th, 2009
When the messiah speaks … Every economist, even those who may quibble with the details of the makeup in a package, will agree that if you’ve got a trillion dollars in lost demand this year, and a trillion dollars in lost demand next year, then you’ve got to have a big enough recovery package to […]
Posted in Economic Illiteracy, ethical foundations on Feb 6th, 2009
Many people believe that no one should make more than the President of the United States. In fact, the fine folks on Capital Hill are making limits to executive compensation a major feature of their reform proposals. So, just how much does the President make? His salary is $400,000. But is that really the only […]
