More Pessimism

I've let my links build up over the past few days, so I have plenty of kvetching to do. - South Park on the economy.  Special guest star:  Tim Geithner, landing on Bailout. - Geithner "is open to" an international basket of currencies.  Aside from causing the dollar to tumble (until he "clarified" his remarks),…

Quick hits

-- The Simpsons chalkboard gag this Sunday? "My piggy bank is not eligible for TARP." This has been my one economics comment for Spring 2009. -- Immediately after RFE/RL posted the story on Medvedev, we get this gem. Anybody else think this show would do well in Russia?

Link Dumpoff Saturday

It's Saturday night, post-shabbat, and I'm going to drop a bunch of links that I have and want to get rid of. - Tracking of tied US foreign aid will begin once more.  "Tied aid" means that aid must be spent on US companies.  This creates inefficiencies, as Easterly and Freschi note.  Getting a reckoning…

Any Good News Today?

We'll see... - Tim Geithner's five big misconceptions.  Geithner's plan is a massive public-private partnership, and I'm quite wary of them for the same reason Jim Lindgren is:  private profits, public (i.e., taxpayer) losses.  This greatly increases risks because the risk-takers don't lose anything near what the real value of the loss is.  Tyler Cowen…

Browns play… feet ball?

I was reading a story on ESPN about the open quarterback competition, and the side bar said the average IQ of a Browns fan is 102, but the average IQ of a Browns player is 83. This explains so much. The best part is, this means someone on the Browns is borderline retarded. My money's…

Only in Russia.

Just read. It'll brighten up your day after reading Kevin's depressing articles on economics. Unless you have actual feelings. HT to Radio Free Europe/Radio Liberty.

A Financial Faceplant

The plan to tax bonuses on individuals who work for firms which received bailout dollars already sounds spectacularly stupid.  What can we expect from this and from Obama's even-more-stupid plan of having government control wages (yeah, price controls always work out well...)?  Well, the incentive effects will probably make the most productive Americans less likely…