By: William Anderson Paul Krugman was the featured speaker at a special session of the 2004 Southern Economic Association meetings, held the weekend before Thanksgiving, and a number of economists listened intently as the most famous man at the conference spoke religiously about the glories of Keynesian economics. Professor Joseph Salerno and I were in […]
Archives for January 2019
Snap shares crash 13% as second CFO leaves after only eight months
You have to feel bad for those investors who thought they found another Facebook in Snapchat. When the social media company filed its initial public offering (IPO) a couple of years ago, shares soared to around $28, leaving many to speculate that this stock had legs. Hardly. At the time of this writing, Snap shares […]
CNN: Black man has white privilege, salad jokes are sexist
Counterfeit News Network keeps embarrassing itself. If it cared about the public good, then it would shut its doors and save a few brain cells. But that won’t happen. So, what did CNN do now? A Black Man Has White Privilege Well, first, the news outlet accused a black man of having white privilege. CNN […]
Poll: Most Americans support AOC’s 70% marginal tax rate on ‘tippy tops’
Representative Alexandria Ocasio-Cortez (D-NY) knows how to make headlines, from saying that facts don’t matter if the argument is morally sound to arguing that the unemployment rate is low because everyone works two jobs. She knows how to infuriate the right and knows how to be a media darling on the left. In one of […]
DRAMA QUEEN: Jamie Dimon warns shutdown could bring U.S. growth to zero
The last time the U.S. government partially shutdown, the people who portray experts on television warned of the apocalypse. People would lose their houses, the economy would collapse, and the country would turn into a dystopian nightmare. Did the sky fall? Hardly. Everything was as normal as it could be, though there was one guy […]