Thursday, November 27, 2014

What High Tech Employee Shortage?

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Noah Smith looks at the law of supply and demand and explains why there can't be a shortage of high tech workers.   If the demand for h...

Obama's Environmental Legacy Based Upon 1970 Law

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This article describes how President Obama is using the Clean Air Act , which was passed in 1970, to empower the Environment Protection Agen...
Sunday, November 23, 2014

Travel Time

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I will be on the road for a few days.  Will be back on the air after Thanksgiving.  Enjoy your holiday.

In Praise Of Keynes

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Bloomberg Business Week provides a clear and cogent description of the macro economy that was invented by Keynes (with some help) to expla...
Saturday, November 22, 2014

GOP Led House Panel Concludes That Government's Response To Benghazi Attack Was Appropriate

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After several year of accusations about the flawed government response to the attack on the Benghazi Embassy, the GOP led House committee co...
Friday, November 21, 2014

Wall Street Bankers Testify At Senate Hearing On Unfair Commodity Trading

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Wall Street investment banks are essentially gamblers.  They place bets on the price changes in a host of commodities, interest rates, and a...
Wednesday, November 19, 2014

Robert Lucas Fails to Understand Understand the Business Cycle

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Robert Lucas developed the rational expectations theory that dominated economic thinking in the US, and apparently in Germany as well.  His...