The Other McCain

"One should either write ruthlessly what one believes to be the truth, or else shut up." — Arthur Koestler

‘Billions and Billions and Billions’: Biden Has No Comment on Fisker Failure

“This is seed money that will return back to the American consumer in billions and billions and billions of dollars of good new jobs.” — Joe Biden, Oct. 27, 2009 “With the help of UAW lobbying efforts for advanced vehicle manufacturing and federal dollars, the plant will become a production facility for Fisker Automotive, a […]

Gold Price Jumps — Unexpectedly! — as Cyprus Tries to Halt Capital Flight

Nothing like a debt crisis to spur a run on security, and gold prices — which had lost more than 200 points off the October peak of $1,794 an ounce — have spiked up about $30 in March, as Cyprus has become the latest tip of the Euro-debt iceberg to break the surface. Yesterday, the […]

The 1% Progressive Bloggers Club and the Bourgeois Dialectic of Comrade Yglesias

Friend of the proletariat Matthew Yglesias (Photo: Matt Roth) The news that left-wing blogger employee of Slate magazine Matthew Yglesias has purchased a $1.2-million townhouse in D.C.’s Logan Circle neighborhood has produced much chortling. Yglesias, after all, mocked property rights as the “myth of ownership.” Andy at AOSHQ says: So, party at Matty’s this weekend? I mean, […]

Lying by Euphemism: ‘New Revenues’

Journalism is supposed to be about truth. Jackie Calmes and Jonathan Weisman of the New York Times are engaged in deception: With Republican leaders in Congress forswearing budget negotiations over new revenues, President Obama has begun reaching around them to Republican lawmakers with a history of willingness to cut bipartisan deals. “New revenues” = INCREASING TAXE RATES. President […]

Hugo Chavez, Looter

Weird that the New York Times would publish this: The legacy of his 14-year “socialist revolution” is apparent across Venezuela: the decay, dysfunction and blight that afflict the economy and every state institution. The endless debate about whether Mr. Chávez was a dictator or democrat — he was in fact a hybrid, an elected autocrat […]

Obamanomics Fails — Unexpectedly!

Remember how, right before the election, we had about three weeks of media hype about declining unemployment and hopeful signs of economic recovery? Yeah. They lied through their teeth: Real gross domestic product — the output of goods and services produced by labor and property located in the United States — decreased at an annual […]

How Long Can the ‘Dollar Bubble’ Last?

If you think this is the solution, you are the problem “Sooner or later, you run out of other people’s money. Something that can’t go on forever, won’t. Debt that can’t be repaid, won’t be. Promises that can’t be kept, won’t be.” — Professor Glenn Reynolds Everybody who knows anything about economics — that is […]

The Choices We Actually Have

Reading the liberal Gin and Tacos blog yesterday — “It’s Not Like Intellectuals Hating Their Stupid Parents Is a Cliché or Anything” — I came across what the pseudonymous assistant professor of political science offered as a statement of his philosophy, a rant against libertarianism. That rant by “Ed” was inspired by an 2008 airline trip […]

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