Just a few facts

I was commenting on a post on KnoxViews.com tonight, and it occurred to me to make a simplified chart of the depression era showing how government spending does not equate to economic stimulus for the economy. Here’s part of my comment and the new chart. A popular misconception is that Hoover cut spending and Franklin […]

A discussion continues

This will be a different type of post.  Over the past few days, I have had an exchange of comments on MarketWatch.com, and the format there doesn’t lend itself to that type of discussion, so I’m going to continue it here. I have no idea if “Marsden” will reply or not, but I hope so, […]

The Republican Road to Recovery

I’m not kidding.  The title of this post is what the Republicans are calling their budget blueprint.  You can read the whole 19 pages of it here.  Go ahead and read it – it won’t take long and you may get a few good belly laughs from it. There’s no way to call it a […]

A deficit dummy

It’s easy to find dumb articles on the economy these days, but this one by Robert H. Frank in the NY Times is quite possibly the dumbest collection of nonsense that I’ve read in quite some time. Mr. Frank is an economist at Cornell – evidently Cornell has loose requirements on who can claim that […]