Joe Stiglitz nicely summarises the current US macroeconomic dilemma. (HT BR). Modern events confirm that monetary policy failings could not have caused the Great Depression. Policies seeking to avoid such failings – policies to expand the money supply to induce private investment did not work then and have evidently not worked now. Enhanced massive fiscal […]
A formidable interview with Tony Jones days before Hitchens’ death. A tribute from his brother. A brief tribute from Christian debating opponent Tony Blair.
I am heading north for a couple of weeks and can recycle an old post to describe this move – except that last year I was the proverbial brass monkey in freezing cold Beijing. Blogging will be intermittent for two weeks unless it rains a lot. Readers please enjoy your summer vacation. If you are […]
The Borowitz report here.
Huddles with Advisors About Possible Affair
CONCORD, NH (The Borowitz Report)– Troubled by his fading poll numbers, former Massachusetts Governor Mitt Romney is considering a bold strategy to reboot his Presidential campaign: engaging in a high-profile extramarital affair.At a press conference in Concord, New Hampshire today Mr. Romney confirmed that […]
Richard Green points out that I am classified as a left-winger in this survey of Australian political blogs. The terms “left-wing” and “right-wing” are notoriously difficult to define so I am not unduly concerned about this. I hope that I am not regarded as “left-wing” simply because I support strong action on climate change – […]
Nearly 1 American in 100 is in prison – the exact figure is 0.8% of the population. This is astonishingly high and 4-5 times the level of other developed countries. The Australian rate is 0.17% for example. At the Becker and Posner blog these statistics are discussed. Becker argues that imprisonment is effective in reducing […]
In 1945 72 per cent of Australian men aged 16 and above and 26 per cent of women smoked. By 1976 male smoking had dropped to 43 per cent of malesbut female smoking had increased to 33 per cent of females. Male smoking has declined ever since and in 2007 (the latest year for which […]