The Czar walked into the second floor men’s room at the Castle this morning and found ‘Puter sitting on the cold tile floor, in his underwear, staring at the floor drain while clutching a roll of Brawny paper towels in … Continue reading →
In Dr. J’s previous rant, he waxed poetically with regard to President Reagan’s foreign policy, probably because as a youth Dr. J was more concerned about living under the Red Flag than the havoc wreaked on our economy President Carter … Continue reading →
Dread and Awful Czar, Remember when you talked about Quantitative Easing? Well, the chickens have come home to roost. It appears that our friends in OPEC will not be lowering the price of oil just because we are not happy … Continue reading →
Confucius, Œc. Vol.Don’t ask impertinent questions like that jackass Adept Lu. 3.14.242.153
Continue reading →‘Puter is always right – yes, it’s been a while since we’ve thrown that phrase about. But let me supplement his post with one other aspect of the democrats’ argument for the Estate Tax – they will attempt to claim … Continue reading →
Dread & Awful Czar, Dr. J., as you know, has been following Washington’s tax dilemma with baited breath here, here and most notably, here. President Obama presented his so-called compromise with the congressional Republicans to the wailing and gnashing of … Continue reading →
So liberals out in the Intranets are getting are riled up over the announcement by the GOP leadership that they plan on blocking all new legislation until two things are accomplished: (1) resolve the continuing resolution and (2) the tax … Continue reading →
JB from over at Picobusiness writes in to chide ‘Puter. Regarding ‘Puter’s contention that unemployment insurance is not stimulative at all, since it is merely a redistribution of existing wealth: This would be absolutely true if the only way to … Continue reading →
This debate continues to rage on, particularly in Washington, and sometimes in social circles where people of various political leanings mingle. Eventually, one will toss out a statement much like the title of this post, “Well, the rich can afford … Continue reading →
Confucius, Œc. Vol.Don’t ask impertinent questions like that jackass Adept Lu. 3.14.242.153
Continue reading →The Czar is finally getting around to tackling a backlog of mail. First up, BG writes in: I read this and all I could think was, “Arghhh! The stupid! It burns!!!!!!!!!” E.J. Dionne writes: So on the one hand, we … Continue reading →
BG provides a status update for a task that the Czar does not remember assigning, but then asks some questions on currency: Great and Terrible Gormogons— As you commanded, I have begun dumping sugar into the gas tanks of the … Continue reading →
Brilliant post, Dread and Awful Czar! Naturally. But there is more: I do have an observation. Uh oh. I worry that the Obama White House has begun reading the Gormogons. The Quantitative Easing began as the Republicans have won the … Continue reading →
Usually when you hear a Latinate + Anglo-French compound noun, you can bet you are hearing a governmental euphemism: like collateral damage, affirmative action, or state capitalism. You can bet the guideline also applies to quantitative easing. All right, what … Continue reading →
Just a wonderfully brutal take down of some sleight-of-hand with charts. Confucius, Œc. Vol.Don’t ask impertinent questions like that jackass Adept Lu. 3.14.242.153
Continue reading →Let’s review a few key quotes here first: “Some time in the next couple of months we’re going to be creating between 250,000 jobs a month and 500,000 jobs a month,” Biden said, April 23, 2010, Pittsburgh, PA Vice President … Continue reading →
GorTechie has a stunningly well-argued thought piece on globalization of the economy. The Czar chooses not to argue any of it—GorT is, of course, freaking right. Indeed, the Czar was so reluctant to appear contentious that he decided against naming … Continue reading →
Summer at the Castle is wrapping up. School supplies are being acquired, last minute getaways are almost done and order to the chaos that was the kids’ summer schedules is returning. Of course, we have to deal with this little … Continue reading →
If the HAMP [“Home Affordable Modification Program,” designed to make mortgages cheaper. —ŒV] program was a batter in the MLB, it would be batting about .320 – pretty good if you’re in the MLB as only 6 batters have a … Continue reading →
A few recent posts have touched on Keynesian economics here and here – well, for those who haven’t heard of the “broken window fallacy”, watch the following video.Maybe a few points from Wikipedia would help: Arguments for public works projects … Continue reading →
A problem with Social Security? Who says? Michael Hiltzik of the Los Angeles Times says that rumors of fiscal problems with Social Security are a conservative trick. In fact, by his math, there is no better program out there. Social … Continue reading →
Per this post. My thoughts are that Keynesians are adept at taking credit for other peoples’ successes, and there’s not a hell of a lot we can do about it. Think about the Regan [sic] revolution – he got the … Continue reading →
Herewith the latest dispatch from Dr. J. from the depths of New Atlantis, also bringing some love for Art Laffer. After the standard groveling, trembling prolegomena, which we omit as all of you should have the standard Gormogons stylebook at … Continue reading →
From the WSJ. The Obama Stimulus efforts aren’t working and spending (in government efforts) isn’t leading us out of this. We’re likely heading for a double-dip recession. So much for VP “Say it ain’t so” Joe Biden‘s Summer of Recovery. … Continue reading →
I receive a monthly industry journal from a particular vendor in the geospatial software line of business. The most recent one had an article detailing the use of their product with regards to mapping out population and economic growth and … Continue reading →
But we aren’t dogmatists: Americans are debating whether to substantially expand the size of their government. As Swedish economists who live in the developed world’s largest welfare state, we urge our friends in the New World to look carefully before … Continue reading →
The first clip is a bit long at 9 minutes and if you can’t stomach the whole thing, I’d recommend watching the first 2-3 minutes and then the last minute. What a clown. The second clip is from the POTUS … Continue reading →
Two overarching reasons explain the failure of Obamanomics. First, administration economists and their outside supporters neglected the longer-term costs and consequences of their actions. Second, the administration and Congress have through their deeds and words heightened uncertainty about the economic … Continue reading →
He was born in the 19th century, wrote his most influential book more than 65 years ago, and he’s not quite as well known or beloved as the sexy Mexican actress who shares his last name. Yet somehow, Friedrich Hayek … Continue reading →
The Volgi pointed me to this blog post via The Corner – there is a website where you can page thru an online catalog of RadioShack catalogs. For those of you too young or not in-the-know, these were thick, mailed catalogs … Continue reading →
In this morning’s Washington Post, Christina D. Romer, Chairman* of the White House Council of Economic Advisers attempts the unenviable task of defending the Administration’s proposed teacher bailout plan. Ms. Romer is by all accounts a well-educated and well-respected economist. … Continue reading →
Via Greg Ransom. Confucius, Œc. Vol.Don’t ask impertinent questions like that jackass Adept Lu. 3.14.242.153
Continue reading →The New York Times continues to display a stunning lack of basic economic knowledge. Today, the editorial board argues for giving bankruptcy judges the power to modify the terms and conditions of first mortgages, in the name of helping out … Continue reading →
Democrats and Republicans both seem to be misreading public resistance to ObamaCare. From ‘Puter’s perspective from the geothermally heated hot tub at Castle Gormogon, the core of America’s discontent is easy to divine. It’s not the primarily the taxes, or … Continue reading →
I came across this piece on the Castle’s coffee table this afternoon. No clue how it got there as it’s more suited for the Castle’s public restroom. I’ll pick at a few choice portions here: How Free Markets Sank the … Continue reading →
RAWWWWWW & Economics, BOYEEE! Very clever. Although Lord Keynes wasn’t known for hittin’ on the hotties. Via VdR @ the Corner. Background here. Confucius, Œc. Vol.Don’t ask impertinent questions like that jackass Adept Lu. 3.14.242.153
Continue reading →The recession is not over. Each time the Dow breaks 9,000, everyone gets excited. You must learn to avoid the Dow as any economic measure unless you have a market fund tied to it, which few of us do. The … Continue reading →
We love the Church, but by and large, churchmen don’t understand a lick about economics. This results in foolishness not limited to—and usually much more catastrophic than—the mushy Christian-Democratic statist gunk the Czar was recently surprised to find in the … Continue reading →
Washington Post: A Case of Getting What You Pay ForWith Heart Attack Treatments, as Quality Rises, So Does Cost Confucius, Œc. Vol.Don’t ask impertinent questions like that jackass Adept Lu. 3.14.242.153
Continue reading →In his weekly radio address, POTUS Obama reminded everyone that injury happens fast to a body, but healing takes a while. The Czar agrees with his reminder that the economy is not going to be fixed overnight. Frankly, the Czar … Continue reading →
Probably no one noticed it except the Czar, but CNN has a nice summary of everything that’s wrong with the Obama administration. The story discusses how the GOP is starting to turn the flame up on the Obama economic recovery … Continue reading →
Lao Tzu (for whom the Volgi has always had a low tolerance and once hit him in the head with an empty port bottle) once wrote “The Dow which can be spoken of is not the eternal way.” Indeed, the … Continue reading →
Scripsit el GorTo: Several Gormogons were regular users of the Washington DC Metro system growing up. For those unaware, the DC Metro system actually charges more to use it during rush hour. Huh? Aren’t we supposed to use mass transit … Continue reading →
Over the next few days, I’m going to spend a little bit of space here conducting a little lesson in science surrounding the hype that is “Global Warming”, “Climate Change” and “Ocean Acidification” (the last one is a new term … Continue reading →
Recently ‘Puter’s been hearing a lot of talk about making “the rich” pay their “fair share” in taxes. This seems to be code for “I want more. Take that guy’s stuff and give it to me.” ‘Puter has given the … Continue reading →
Noted economist Jar Jar Binks stated yesterday, “Me sir thinks socialism am good, sir.” I guess Binks is as useful in his prognosticating as any economist has been to date. 'PuterAlways right, unless he isn’t, the infallible Ghettoputer F. X. … Continue reading →
