Archive for February, 2010

Census Data “Strictly Confidential”? »

I saw a huge new billboard in San Francisco the other day—part of the $350 million ad campaign supporting this year’s $14 billion Census—picturing an American Indian in full regalia against a black background, apparently in the process of worshiping the sky, with the stylized text “Tell your story.” If he’s wise, he might...
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Atlas, Shrugging »

I was called for jury duty this week and selected as a juror on a battery case. In my state of Florida, battery is defined as “actually and intentionally touching or striking another person against the will of the other.” Ever had someone you barely know come up to you and give you a...
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Anatomy of the Current Recession »

Not everyone has the stomach for perusing the national income and product accounts, but one who does can learn a great deal about what ails the present economy and about its prospects for returning to a healthier condition. (I draw the data I discuss here from Table B-2, “Real gross domestic product, 1960-2009,” in the...
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Headline: Lending Falls at Epic Pace »

In a front-page article published on February 24, 2010, under the byline of Michael Crittenden and Marshall Eckblad, the Wall Street Journal reports that bank lending, down 7.4 percent since last year, has fallen to its lowest level since 1942. As I noted in my most recent post, the reluctance of banks to lend...
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Senator James Inhofe Wants Criminal Investigation of Al Gore and Other Global Warmists »

In an interview with Neil Cavuto on Fox News and with global temperatures declining since 1998 and record winter cold and storms not letting up, Senator James Inhofe has called for the U.S. Justice Department to investigate possible fraud by perpetrators of the “global warming hoax,” what he calls the greatest scientific scandal of...
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Ben Bernanke Gives Ron Paul the “Idiot Treatment” (Watergate Payoffs) »

After Ron Paul raised questions about possible past Federal Reserve misdeeds including allegations of involvement in Watergate payoffs, Ben Bernanke answered smugly: “These specific allegations you’ve made, I think are absolutely bizarre.” The crowd reflexively laughed at Dr. No’s perceived looniness and pundits have already depicted his concerns as “wild” and “odd.” Well, it...
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The Marco Rubio Phenomenon »

Last Spring I was considering blogging about Marco Rubio’s run for the U.S. Senate in Florida, but decided against it. I’m a Floridian, so it’s interesting to me, but I thought he was too much of a long shot to be of much interest to people outside of Florida. Now, Rubio appears to be...
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There’s No Such Thing As A Free Office Chair »

The idea that markets are efficient has come under fire in recent months. Can we be confident that market participants will make repeated, systematic errors? Consider an example. We were taking a walk in our neighborhood a few days ago and came across an office chair that one of our neighbors had put by...
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The Fed Increases the Discount Rate and Markets Yawn »

The Federal Reserve last week announced that it had raised the discount rate – the interest rate at which member banks, which now includes GMAC and other formerly non-bank financial institutions, can borrow from the Fed – by 25 basis points, from one-half of one percent to three-quarters of one. It is no wonder...
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General Odierno tells the truth... »

. . . and he didn’t even realize it. While much of what we hear from the military bureaucracy about progress in the various wars is simply not true, when Odierno was asked about a change in the “don’t ask, don’t tell” policy, he was caught off guard and a small tidbit of truth...
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