The Fiscal Pressures on the Fed
KC Fed President Hoenig believes that fiscal mismanagement is going to presure the FOMC to keep interest rates down. Reuters:The ballooning U.S. budget deficit and growing mountains of federal debt...
View ArticleLA Unified Needs a Lesson From Rhode Island
Via Instapundit and Business Insider, check out this headline:Unionized Rhode Island Teachers Refuse To Work 25 Minutes More Per Day, So Town Fires All Of ThemA school superintendent in Rhode Island is...
View ArticleWhy Obamaâ??s Budget Is Not Sustainable
Harvard Economist Gregory Mankiw explains why President Obamaâ??s budget is unsustainable, even from Mankiwâ??s New Keynesian perspective. From his latest New York Times column:The troubling feature of...
View ArticleParking Garage Privatization a Smart Move For L.A.
Following in Chicago's footsteps, Los Angeles recently issued a Request for Qualifications (available here) for a potential 20-50 year lease of 10 City-owned parking garages (over 8,300 parking...
View ArticleClik here to view.
China's Bubblishness
The recent boom in the Chinese economy, fueled completely by massive amounts of credit dumped into the economy by a stimulating government, will come to an end. If the recent tightening by the Chinese...
View ArticleList Price
The Palestine Liberation Organization and the Irish Republican Army, two of history’s most notorious terrorist groups, have never appeared on the State Department’s List of Designated Foreign Terrorist...
View ArticleFlashbangs Under Fire
TheNew York Times reported last week that the New York City Police Department has halted the use of "flashbang" stun grenades. The department began phasing out the devices in 2003 after their...
View ArticleStimulus Program Gets a Grade of "F"
The Mackinac Center for PUblic Policy was tracking Vice President Joe Biden's trek through Michigan stumping for the stimulus program and asked economist David Littman and myself what we thought. We...
View ArticleWho Doesn't Trust Science Now?
All of you deniers and flat-earthers who are exploiting the glacial temperatures and bizarre snowfall to mock global warming fears are missing the point: Weather isn't the same as climate.Shoddy...
View ArticleClimate Crackup
On December 18, the Copenhagen climate change conference collapsed. Heads of state from about 120 countries had flocked to the Danish capital, anticipating a historic photo op that would lead future...
View Article