A Keynesian Corner
Here is my recent Townhall piece. As always, skim the comments. Aren't these people supposed to be Rush Limbaugh fans and support the free market? Man.
Libertarians, My Libertarians!
Cruel to be kind means that I love you . Because, while I think you are mistaken, your hearts are in the right place -- yes, even you, Silas -- unlike some people . This Breitbart fellow (discussed in the link above), by all appearances, deliberately doctored a video of Shirley Sherrod to make her remarks appear virulently racist, when they had, in fact, the opposite import. I heard that at a recent Austrian conference, some folks were talking about "Callahan's conservative turn." While that description is not entirely inaccurate, I must say that a lot of these people who today call themselves conservative give me the heebie-jeebies.
"The idea seems to be that if we all just ignore the recession, it will get bored and go away."
ReplyDeleteGreat line!
Nice article.
ReplyDelete"I find it hard to believe that banks, borrowing from sovereign wealth funds around the world and accessing the Federal Reserve's newest Term Auction Facility, would be in a financial position to lend freely from new savings."
ReplyDeleteMaybe I misinterpret this statement, but isn't this ignoring that whole fractional reserve thing? Theoretically there's nothing wrong with a fractional reserve requirement. Historically, on the other hand...well, we're all about to see how bad it can get, aren't we?