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A bunch of links, in rough descending order of importance:
* His big article on the state of macroeconomics, and the intellectual bankruptcy leading up to the crisis. Somewhat old news if you've been following his columns and blog, but otherwise it's well worth reading if you want to make sense of the current world -- and the failure of supposed experts to make sense of it. Some points: Keynes wasn't about government takeover, but government intervention; Keynes had total contempt for financial markets, a second-guessed beauty contest; Milton Friedman wasn't as radical as his intellectual descendants, who now insist that people are unemployed because they want to be; "the market can stay irrational longer than you can stay solvent."
** Notes on the article
* Also important: how government stopped (probably) a second Great Depression.
* Soaring income inequality
* Republican crazy, where a 'moderate' talks about "death panels".
* Bush's $2.8 trillion of debt.
* Why the public option matters.
* Why individual insurance doesn't work
* The purpose of stimulus is to mitigate unemployment. Jobless 'recovery' means we're not done yet. Lack of marginal thinking about the stimulus -- it makes sense (if wrong) to believe the stimulus is bad, or that we should spend all the way back up to full employment. A partial stimulus, where we just limp along, is simply confused.
* Keynesian lesson of 1979 and 1970s
* The Blue Dogs don't make sense.
* Neither does Arthur Laffer, of Laffer Curve fame. Beware of the government taking over Medicare. Voodoo economics, hell, this is voodoo reality. And zombie Reaganomics
* America's small-business sector is undersized compared to, say, Sweden. Perhaps because of health insurance.
* Why is he getting death wishes over Swiss health care?
* The problem with modern journalism: horse race reporting. It's safe and easy to report the story about the story, not the actual story. Just have to echo what people say, not actually think.
** Which seems a good point to ask why Glenn Beck hasn't denied murdering a girl in 1990.
* On high debt and growth in the 1940s and 1950s, back in the post-New Deal era of strong government and high taxes. More on why the debt isn't a problem. And more. Um, in reverse chronological order, sorry.
* Blog on what he hopes Obama will say tonight.
* His big article on the state of macroeconomics, and the intellectual bankruptcy leading up to the crisis. Somewhat old news if you've been following his columns and blog, but otherwise it's well worth reading if you want to make sense of the current world -- and the failure of supposed experts to make sense of it. Some points: Keynes wasn't about government takeover, but government intervention; Keynes had total contempt for financial markets, a second-guessed beauty contest; Milton Friedman wasn't as radical as his intellectual descendants, who now insist that people are unemployed because they want to be; "the market can stay irrational longer than you can stay solvent."
** Notes on the article
* Also important: how government stopped (probably) a second Great Depression.
* Soaring income inequality
* Republican crazy, where a 'moderate' talks about "death panels".
* Bush's $2.8 trillion of debt.
* Why the public option matters.
* Why individual insurance doesn't work
* The purpose of stimulus is to mitigate unemployment. Jobless 'recovery' means we're not done yet. Lack of marginal thinking about the stimulus -- it makes sense (if wrong) to believe the stimulus is bad, or that we should spend all the way back up to full employment. A partial stimulus, where we just limp along, is simply confused.
* Keynesian lesson of 1979 and 1970s
* The Blue Dogs don't make sense.
* Neither does Arthur Laffer, of Laffer Curve fame. Beware of the government taking over Medicare. Voodoo economics, hell, this is voodoo reality. And zombie Reaganomics
* America's small-business sector is undersized compared to, say, Sweden. Perhaps because of health insurance.
* Why is he getting death wishes over Swiss health care?
* The problem with modern journalism: horse race reporting. It's safe and easy to report the story about the story, not the actual story. Just have to echo what people say, not actually think.
** Which seems a good point to ask why Glenn Beck hasn't denied murdering a girl in 1990.
* On high debt and growth in the 1940s and 1950s, back in the post-New Deal era of strong government and high taxes. More on why the debt isn't a problem. And more. Um, in reverse chronological order, sorry.
* Blog on what he hopes Obama will say tonight.