If stimulus works, if Keynesianism is a good enough approximation to the modern American economy, there should be a relationship between unemployment and inflation, the Philips curve. Higher unemployment should lead to lower inflation, and vice versa. There is no relationship.
Category: economics
McConnell tells Obama he can stick it in a little bit
House Republican leader McConnell tells Obama he can stick it into the Republicans just a little bit, but not all the way, and must stop if it starts to hurt.
Actual Greek riots
Last year the riots were entirely fake, astroturf government rioters theatrically engaging in pretend conflict with government police. This time, there was some fake violence, and some quite real violence.
Entryism goes public
The SEIU is a far left organization, far far further to the left than any elected Democrat will admit to being.  It is the voice of the state organized as political interest group. It has always been a major force backing “moderate†Republicans.
Probability of fiat collapse
I observe that people are still buying and selling long term corporate bonds at prices that indicate low inflationary expectations. On the other hand, total value of world gold is about fifteen trillion dollars, which indicates a lot of people expecting partial or total collapse of fiat money
What would have happened if no bailout in 2008?
Steven Horwitz has the experiment.
A golden oldie on the minority mortgage meltdown
Ann Coulter rarely gives links, and frequently employs hyperbole and humorous exaggeration, so when she reports entirely ridiculous real events, it is difficult to be sure whether she is engaging in humorous hyperbole, or things really are that outrageous. Vdare has helpfully annotated one of her posts with links, and I have added a little more annotation. And yes, Ann Coulter was not making this up. The government really is as ludicrous as she depicts it:
Monetary growth
Governor Romneycare promises to be a better Obama
Governor Romneycare is campaigning to be the Republican presidential candidate. He tells us that: Every turnaround has three rules. Focus, focus, focus. Focus on what’s most important, devote all your energy to that which is broken. … Instead of focusing his energy on the economy he delegated the stimulus to Nancy Pelosi and Harry Reid, and they built a stimulus which grew government jobs but didn’t grow private-sector jobs. And then he went to work on his real agenda. And …
A lot of ruin in a nation
Many bloggers, myself among them, have been predicting hyperinflation, socio economic collapse, and violent political change. But a lot of countries are in worse shape than the US, and they have not collapsed yet.Â