Econophile's blog

I just saw an offering of the famous Screaming Eagle 1997 cab for $52,000 for the case. Parker gave it 100 points. I passed. I don't think anyone told the purveyors that the market has loosened up a bit. Wine prices are falling and vineyards are going into foreclosure.

These nominees are prominent members of the Washington-Wall Street-Academia Economics Complex, whose members shift between government, Wall Street, and academia. All of the nominees are Keynesian economists. They are known as regulators, technocrats, and inflationists.

If I'm going to carry around fiat money, this design is my choice.

Before I get pilloried for this article, just forget everything you believe about Goldman and their ethics and role in the economy because those mean nothing in this case. There is one issue and that is, within the facts set forth in the SEC complaint: What did Goldman do wrong? Here is a way to analyze it.

For those of you interested in economics, capitalism, and Austrian theory, and a lot of other things, I've created a new Reading List page on my blog, The Daily Capitalist.

Potential foreclosures may result in a 103 (9 years) month inventory of homes coming on the market.

When I make a mistake I will admit it.

In my analysis of consumer spending I asserted that the sources of increases in spending were (1) a draw-down of savings and (2) the redirection of defaulted mortgage payments to spending. I was half-right which another way of saying I was half-wrong.

I missed one the basic laws of economics, Bastiat's "Broken Window Fallacy." Ouch!

Christina Romer, chair of the president’s Council of Economic Advisers, is channeling J.M. Keynes. She stubbornly sticks to the Keynes Manifesto. In fact you could say that Keynes is Obama's chief economic advisor. These are the people who got us into this mess and we ask them to lead us out?

The government wants to regulate your intake of salt because your lousy eating habits will drive up the cost of Obamacare. Salt consumption is anti-social behavior and deserves to be punished.

It is a curious phenomenon that consumers are increasing spending in light of high unemployment and declining wages. How can that be? Have consumers just decided that the recession is over and life will be just like it was before? Where is the money coming from?

The SEC is the Administration's hit squad to find a capitalist to scapegoat for the Great Recession. The found one in Goldman Sachs, the arch-capitalist of our time.

Morgan Stanley closed this deal in June, 2007 at the point when the residential markets were crashing. It defies the imagination why they would at this critical moment raise and commit $8.8 billion to the commercial real estate market. What were they thinking? Hint: fees.

The NBER said Monday that it's too soon to call the recession over, although many of its members think it is. Is it over? Is there a flaw in their analysis?

We were too late to set up Zero Hedge world headquarters in Bicknell, Indiana.

Here is your opportunity to get into the banking business. You can get in on the ground floor and the top floor on this sweet deal.