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Monday, December 6, 2010

Bernanke does TV interview to defend Fed bond purchases

The question is whether the Fed chief is chasing the deflation ghost, fiddling while Rome is about to burn, or just playing the man behind the curtain.

GOP leaders hint at compromise on tax cuts, jobless benefits

Extending the unemployment subsidy is the political price if tax rate certainty is going to be achieved before the end of the year.

Friday, December 3, 2010

US payroll gains trail forecasts; unemployment rises

If we (as a country) are unwilling to embrace the reality that the Keynesian premise that there is an immutable relationship between unemployment and inflation has been demonstrated (again) to be false, why don't the Administration types go all in on it then? If massive government spending and quantitative easing haven't done the trick, then wouldn't authentic Keynesians be advocating for not just extending the Bush-era tax rates, but lowering them? Of course, the President's so-called stimulus was never really about finding a solution in the first place.

Thursday, December 2, 2010

Constitutional provision jeopardizes sweeping food safety bill

Regardless the efficacy of the bill (of which I am highly skeptical given its anti-subsidiarity underpinnings), how many more times does one of the chambers have to pass a bill just so it can find out what is in it?

Wednesday, December 1, 2010

Millions may lose jobless benefits as holidays loom

At some point we will have to stop denying this is not really a problem of the debt as critics claim, but a case of the government bubble-making factory incentivizing the unemployment that it created in the first place.

LPGA to change gender requirement

Not what I thought when I read the headline... instead more bit by bit until no stone is left unturned