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Posted by Bryan Jacoutot on December 30, 2012 14 Comments
… The blame game begins. We noted here on Friday that the bad economy is already dialed in for 2013, but that President Obama would likely seek to blame congressional Republicans and the fiscal cliff fiasco for the impending economic woes. As expected, the finger...

Posted by William A. Jacobson on December 29, 2012 1 Comment
It’s the end of College Insurrection’s first year.  Not literally a full year, as we turned on the lights on August 22, 2012. This last week of the first year had much of interest, The usual malarkey: Finally, a college major for which 99.99% of...

Posted by Leslie Eastman on November 16, 2012 24 Comments
As an amateur Egyptologist who occasionally writes about Egypt at the Temple of Mut, my specialty is mummies. So, I know dead things and can say with certainty: The Tea Party is NOT dead. I have been a Tea Party activist since the first nationwide...

Posted by Kathleen McCaffrey on November 09, 2011 11 Comments
As I mentioned yesterday, Ying Ma came back to Cornell last night to present her take on “Chinese state capitalism.” I took notes on the presentation: Basic overview: In the 1990s, China had an acrimonious relationship w. US. Politicians and commentators were constantly complaining about...

Posted by Kathleen McCaffrey on November 01, 2011 21 Comments
During my morning peruse through the paper, I found a shocking headline: Bullet train cost estimates rise to $98.5 billion. I wasn’t surprised at the cost; it’s well-established that “infrastructure spending” is a fancy way of saying “giant black money hole.” (Hooray for inflation to...

Posted by Kathleen McCaffrey on October 25, 2011 1 Comment
Arnold Kling struck a great chord in a recent post on EconLog: From the perspective of a macroeconomic textbook, journalists write as if the aggregate supply curve is nearly vertical with respect to monetary policy and nearly horizontal for fiscal policy. 1. You would be...

Posted by William A. Jacobson on April 28, 2011 10 Comments
Maybe, just maybe slightly.  But it will not last.  Here’s why: In the week ending April 23, the advance figure for seasonally adjusted initial claims was 429,000, an increase of 25,000 from the previous week’s revised figure of 404,000. The 4-week moving average was 408,500,...

Posted by William A. Jacobson on April 24, 2011 26 Comments
Back in November, Sarah Palin delivered a sharp criticism of Fed monetary policy, as reported by The Wall Street Journal: Sarah Palin, delving into a major policy issue a week after the mid-term elections, took aim Monday at the Federal Reserve and called on Fed...

Posted by Kathleen McCaffrey on February 02, 2011 6 Comments
K. McCaffrey — Last week, Britain’s chief central banker, Mervyn King, painted a grim picture of the years to come in the UK. – “In 2011, real wages are likely to be no higher than they were in 2005… One has to go back to...

Posted by William A. Jacobson on January 04, 2011 26 Comments
I previously asked you to tell me about Tim Pawlenty, and I learned a lot. Mitch Daniels also is presented as a conservative with the credentials to unite the base with the establishment without a lot of negatives (other than being conservative, of course). So...

Posted by William A. Jacobson on December 28, 2010 4 Comments
Alfred Kahn has passed away.  As you travel during the holidays, shopping around for cheap airfares, you have Kahn to thank.  Kahn, a Professor at Cornell, was responsible for deregulating the airline industry. I realize all you kids think airfare competition always has been a...

Posted by William A. Jacobson on December 25, 2010 15 Comments
China is ascendant so our administration wants us to emulate China’s infrastructure investments and constructions, by building high-speed and light rail projects few will use and which will further drain state budgets. It will not last.  China’s ascendancy, that is.  I agree with this analysis...

Posted by William A. Jacobson on December 08, 2010 17 Comments
One of the interesting aspects of the “framework” announced by Obama to prevent marginal income tax increases on anyone is that part of the quid pro quo demanded by Obama was a one-year 2% drop in the portion of social security (FICA) taxes paid by...

Posted by Kathleen McCaffrey on November 10, 2010 76 Comments
It has been a less than stellar week for Sarah Palin. Last Friday, Peggy Noonan insinuated that she was a nincompoop, and chastised her characterization of Reagan as “just an actor.” It goes without saying that Noonan, a cherished vestige of the Reagan Administration, wields...
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