Economics Is Not A Morality Play.

We Know That Advanced Economies With Stable Governments That Borrow In Their Own Currency Are Capable Of Running Up Very High Levels Of Debt Without Crisis.

The Obama Campaign Seems Dangerously Close To Becoming A Cult Of Personality.

A Snarky But Accurate Description Of Monetary Policy Over The Past Five Years Is That The Federal Reserve Successfully Replaced The Technology Bubble With A Housing Bubble

The Key Reason Executives Are Paid So Much Now Is That They Appoint The Members Of The Corporate Board That Determines Their Compensation And Control Many Of The Perks That Board Members Count On. So It's Not The Invisible Hand Of The Market That Leads To Those Monumental Executive Incomes; It's The Invisible Handshake In The Boardroom.

...academic Credentials Are Neither A Necessary Nor A Sufficient Condition For Having Your Ideas Taken Seriously. If A Famous Professor Repeatedly Says Stupid Things, Then Tries To Claim He Never Said Them, There's No Rule Against Calling Him A Mendacious Idiot - And No Special Qualifications Required To Make That Pronouncement Other Than Doing Your Own Homework.conversely, If Someone Without Formal Credentials Consistently Makes Trenchant, Insightful Observations, He Or She Has Earned The Right To Be Taken Seriously, Regardless Of Background.