Monthly Archives: January 2010

Matt Taibbi on Class Welfare and the Crime of a New American Century

I encourage people to read Matt’s full blog post. Below I have reproduced what I think to be the most insightful elements: or when Matt hits high dough. Particularly when he argues that the causes of the great financial crisis … Continue reading

Posted in American politics, Class War, Corruption, economic crisis, Financial Regulation, Free Markets, liberal economic theory, Neoliberalism, unemployment | 3 Comments

Krugman should talk to the CD Howe about Canadian Banking policy

Canadians’ need to be mentioned south of the border will probably find some glee in Krugman’s musings on the Canadian policy conversation. But as edifying as it is to be talked about in such a positive light by such a … Continue reading

Posted in Canadian Politics, Finance, Financial Regulation, Free Markets, M&A, Profits | 4 Comments

Mankiw and ignoble GDP growth fictions

A great example of arguing from theory rather than fact. Is there any robust proof this is true? Not really, next to none. Clinton raised taxes and growth was higher than before he increased taxes. And the post war record … Continue reading

Posted in liberal economic theory, Tax Cuts, welfare state | Leave a comment

Parliamentary Supremacy 1: the Spirit if not the Rule of Law 0

I am not surprised by the ruling of the SC today, disappointed but not surprised. Like many I thought there was enough wiggle room for the SC to order the repatriation of Mr. Khadr. They could have ordered the government … Continue reading

Posted in Canadian Politics, Supreme Court, Torture | 2 Comments

Laffer on irrational exuberance

I do realize the lilly has already been gilded but ……………

Posted in economic crisis, housing prices, liberal economic theory | Leave a comment

Laughed out of the Laffer curve

In class today I presented a seminar on, among other things, the uses and abuses of the Laffer curve. Why it is not called the Laffer bell curve I have no idea; it is always drawn like one. The students … Continue reading

Posted in economic crisis, Free Markets, Neoclassical, Neoliberalism, Propaganda, Tax Cuts | Tagged , , , , , , , | 1 Comment

Keynes Vs Hayek: The Rap edition

Enjoy! I do not endorse the substance of the narrative. This is for entertainment purposes only. Those using this for educational purposes outside the fields of propaganda, popular culture, and DIY character assassination will be ridiculed. H/T Café Hayek

Posted in humor, Propaganda, random commentary | 1 Comment

Oh my! Krugman jumps ship

Judging by Krugman’s online post today Same as he Ever Was, he has jumped off the good ship Obama. If Krugman is gone then that means a hole ship load of progressive activists are too (not that Paul leads them … Continue reading

Posted in American politics, Gov Debt, New Keynesianism, Stimulus, Tax Cuts, unemployment, Welfare Policy | Leave a comment

The Euro: A perfect case study in political economy: Krugman vs the other Gordon

One of the problems with economics is that it tends to narrowly parse its objects of inquiry. That is, it suffers from a deranged elegance: too few factors are considered and the ones that are get so rendered that they … Continue reading

Posted in Canadian Politics, central banks, Free Markets | Tagged , , , | Leave a comment

Book Review: The Dirty Work of Neoliberalism

Aguiar, Luis, and Andrew Herod, eds. The Dirty Work of Neoliberalism: Cleaners in the Global Economy: Cleaners in the Global Economy. Oxford: Blackwell Publishing, 2006. In this edited volume Luis Aguiar and Andrew Herod have brought together a collection of … Continue reading

Posted in Book Review, Heterodox, industrial relations, Neoliberalism | Leave a comment