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Daily Archive for February 8th, 2010

This is from California’s absurd plans for high speed rail: In the face of the state‚Äôs 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 […]

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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 […]

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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 […]

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