Homines libenter quod volunt credunt
Posted in Politics on Feb 8th, 2010
This is from California’s absurd plans for high speed rail: In the face of the state’s perpetual budget crisis, some Californians are beginning to regret their votes in favor of the $9.9 billion high-speed rail bond last year. Even though proponents of the train have now admitted the bond was only a down payment on […]
Posted in Government Gone Wild, Money on Feb 8th, 2010
Is this what Barney Frank had in mind in 2003? When Charles E. Haldeman Jr. became Freddie Mac‘s chief executive officer in August, the ailing housing-finance giant had already consumed $51 billion of government money to stay afloat. It’s likely to need even more.Freddie’s federal overseers nevertheless have instructed Mr. Haldeman to focus on something […]
Posted in Macroeconomics on Feb 8th, 2010
If you take the classical Keynesian interpretation of the role of government in the economy and compare it to what a “true” Keynesian ought to advocate for based upon a careful reading of Keynes’ work, you might find yourself a little confused. The classic Keynesian argument is that the government can play an important role […]
