- A touch of humor on the Euro-debacle. Funny how comedians get what most economists miss.
- Speaking of which, is this a sign of the contagion moving beyond Greece?
- A few mainstream commentators do get it, though. Here’s the sort of vaguely-libertarianish-when-he’s-in-the-mood-to-be Tyler Cowen in the New York Time, telling some truths about Greece.
- And speaking of missing the obvious … Lessee … You note that a particular function of government is bloated, inefficient, and dysfunctional. So you propose adding yet another layer of bureaucracy. The government (no surprise) hastens to follow your recommendations. Then you are shocked, simply shocked that the bloat, inefficiency, and dysfunction get worse. Only government people could possibly think like that. That they invariably do think like that is scary. Pardon me. “Think” might be the wrong word here.
- I admire this man. Oh lord, how I admire and thank him for his gutsy work. But I could never, ever do what Julian Assange does.
- How come the word “earthquake” is never mentioned this op-ed?
- Is the U.S. on the path of Japan? Here’s a graph. The three lines aren’t tracking the same time period. It takes a bit of eyeball-crossing to see what’s being compared with what. But the pattern is intriguing. So, is this a real predictor? Or is it just another example of “I can do anything I want with statistics, as long as I manipulate them cleverly enough”? Along those lines, here’s the Dow in gold.
Apologies to faithful reader Winston, who once praised this blog for not being all about economics. Sorry, Winston, I promise I’ll never go “all Austrian” on you. But watching the western world teeter on the brink of its own self-created catastrophe is fascinating. Can’t take my eyes off it.