Economics Lesson 1 – The Money Supply and Inflation

Economics Lesson 1 – The Money Supply and Inflation

This is an important article. A hugely important article, in fact. Were I a professor of economics, I would insist that this be required reading for my students. Yes, it’s that good, and that’s why I’m saving a copy, lest we lose this brilliant explanation to server error or archiving, …Wait! Don’t stop there!

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Well…Is He?

Well…Is He?

Newsweek is running a “Romney-as-Wimp” cover and lead story in their magazine this week, and it’s causing quite a stir. The article, found here, is by Michael Tomasky. Over the next four pages, Tomasky succeeds fairly well in painting Mitt Romney in a bad light. He is less successful at …Wait! Don’t stop there!

Move Along…Nothing To See Here…

Move Along…Nothing To See Here…

Had a hectic few days doing client work that pulled me away from blogging. Back now though, and ready to continue! One of the more popular refrains from the right these days is that when Democrats (or liberals, or progressives–remember, all of these are synonyms in the language of the …Wait! Don’t stop there!

How and why there is (some) truth to Supply Side Economics

How and why there is (some) truth to Supply Side Economics

This is part two of my article series on supply side nuttery. In article one, I (hopefully) made my position very clear. It doesn’t work. No matter what measure you use…no matter what standard you apply to it…it DOES NOT WORK. Having said that, I’m now going to explain when …Wait! Don’t stop there!

But Say’s Law Doesn’t Say That!

But Say’s Law Doesn’t Say That!

The cornerstone of Supply Side economic theory is Say’s Law. The commonly used shorthand for it is that “supply creates its own demand,” which encapsulates the primary notions of what we know of supply side economics today in a few words. The problem is, the encapsulation above ISN’T what Say’s …Wait! Don’t stop there!

Myth Busting #9 – We Must Lower Income Taxes For The Wealthy In Order To Create Jobs!

Myth Busting #9 – We Must Lower Income Taxes For The Wealthy In Order To Create Jobs!

This will be a short post. That’s the claim conservatives love to make. It is a central part of their theology. A pity it not only isn’t true, but has NEVER been true, as this chart clearly shows. There couldn’t really BE a more damning indictment of one of the …Wait! Don’t stop there!

In Praise of American Socialism

In Praise of American Socialism

I know that a lot of attention is being (wrongly, IMO) paid to the shooter in this case, and I understand that a lot of attention is being (rightly) paid to the victims in this case. Our hearts certainly go out to them during the aftermath of this awful event, …Wait! Don’t stop there!

Wherein We Discover Who This Woman Is, And Why She Is Important…

Wherein We Discover Who This Woman Is, And Why She Is Important…

The lady’s name is Jane McGonigal, and I’d be surprised if you’ve heard of her and you’re not a gamer. For geeks like me though, she’s kind of a big deal, and not just because she’s easy on the eyes. She has this wonderful, nutty, goofy, strangely compelling idea that …Wait! Don’t stop there!

Myth Busting #8 – D-PIM (Death Panels & the Individual Mandate)

Myth Busting #8 – D-PIM (Death Panels & the Individual Mandate)

Since it’s not possible to prove a negative, I am unable to “prove” that death panels don’t exist, except to point out that having read the entire law (a process that took about two weeks, and is highly recommended if you suffer from insomnia), I find no references to Death …Wait! Don’t stop there!

Myth Busting #7 – Republicans Are Better for The Economy!

Myth Busting #7 – Republicans Are Better for The Economy!

Mirror, Mirror, On the Wall, Which Party is the Best Job Creator Of Them All? Recently, folks on the left have been posting an impressive statistic re: job creation numbers by administration, showing the Democrats as clearly superior in this regard to Republican administrations. The republicans (rightly) point out that …Wait! Don’t stop there!

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