Economists Don't Usually Make Good

Consumer Spending Is Now Plunging At Serious-recession Rate ... Even If The Rescue Now In Train Succeeds In Unfreezing Credit Markets, The Real Economy Has Immense Downward Momentum. In Addition To Financial Rescues, We Need Major Stimulus Programs.

Now, It’s True That Some Of The Protesters Are Oddly Dressed Or Have Silly-sounding Slogans, Which Is Inevitable Given The Open Character Of The Events. But So What? I, At Least, Am A Lot More Offended By The Sight Of Exquisitely Tailored Plutocrats, Who Owe Their Continued Wealth To Government Guarantees, Whining That President Obama Has Said Mean Things About Them Than I Am By The Sight Of Ragtag Young People Denouncing Consumerism.

As I've Often Said, You Can Shop Online And Find Whatever You're Looking For, But Bookstores Are Where You Find What You Weren't Looking For.

A Snarky But Accurate Description Of Monetary Policy Over The Past Five Years Is That The Federal Reserve Successfully Replaced The Technology Bubble With A Housing Bubble

The French, Unfortunately, Actually Believe What They Say, And That Has Been Very Destructive.