The New York Times’ Sunday lead editorial (12/30) is simply breathtaking. The title is “Why the economy needs tax reform.”...
Benefits trap art
Two charts from the UK, admittedly sprayed with too much chartjunk, but illustrating the poverty trap in Britain. (A previous...
Fiscal cliff or fiscal molehill?
Four thoughts, reflecting my frustrations with the “fiscal cliff” debate. 1. RecessionHow terrible will it be if we...
The Fed's great experiment
So now you have it. QE4. The Fed will buy $85 billion of long term government bonds and mortgage backed securities, printing...
ECB dilemma
It was announced yesterday that Europe will have a new, central bank supervisor run by the ECB, much as our Fed...
Billing codes
A while ago, an acquaintance saw her dermatologist for an annual check. She said, “oh, by the way, take a look at the place...
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