Archive for September, 2013

Al Gore As Inquisitor

“to abstain completely from teaching or defending this doctrine and opinion or from discussing it… to abandon completely… the opinion that the sun stands still at the center of the world and the earth moves, and henceforth not to hold, teach, or defend it in any way whatever, either orally or in writing.” -The Inquisition’s injunction […]

Finally Revealed, The Cost Of Insurance On The Exchanges

Somehow, someone should riff on the Geico “Hump Day” commercial and come up with a pithy take on October 1, 2013 – the launch of the PPACA aka Obamacare. Please keep me in mind if you run with this suggestion and forward the appropriate share of any royalties my way. In the meantime, let’s all […]

Most People Don’t Know Who Larry Summers Is

Confirming my belief that many of us (myself included) who blog, Tweet away and consume ludicrously large amounts of information live primarily in a very small echo chamber is this from the WSJ Real Time Economics blog. A new Wall Street Journal/NBC News polls asked respondent to rate their feelings toward Mr. Summers. Some 69% didn’t recognize […]

QE And Jobs

Well the usual first Friday of the month jobs report watch is over and no one is happy. The report from the BLS itself was not that bad – 169,000 new jobs and an unemployment rate down to 7.3% – but rather significant downward revisions to the July and August numbers didn’t sit well. Here’s […]

John Cochrane Opines On The Next Fed Chair

The press mostly  wants a soothsayer, who will foresee events the market does not see and calm the waters — in practice,  basically operating the worlds largest contrarian hedge fund, or the commissariat of macroeconomic central planning. Such people don’t exist, so that’s a self-defeating job description. Let’s talk about reality. That’s John Cochrane introduction […]