Barry Eichengreen: 'Europe's Banks Are in Far Greater Danger Than People Realize'
Peter Nelson Compiles Donald Rumsfeld's Emails

Kash Mansouri Asks Me a Question


The Street Light: Making Sense of Current Policy-Making: To help clarify this point with respect to the US, let’s conduct a simple thought experiment. If we were slowly, slowly emerging from a recession, job creation was far from satisfactory, and elections were coming in the next year or two... and a Republican were President... do you really believe that Congressional Republicans would be behaving in the same way that they are today?

Oh wait, we don’t have to conduct such a thought experiment. We just have to look back to 2003.