Archive for September 1st, 2011

One Man’s Waste Is Another Man’s Bonanza »

In a recently released report, the Commission on Wartime Contracting concludes that waste and fraud have consumed at least $31 billion and perhaps as much as $60 billion of the $190 billion or so that the U.S. government has expended in grants and contracts with private individuals and companies for work in Iraq and Afghanistan since fiscal 2002. According to…
Read More »

Rogoff on Inflation »

The Sunday Boston Globe has an interesting profile of Ken Rogoff, whose views I respect, despite many disagreements. His recent call for a burst of “moderate” inflation to reduce the debt overhang has gotten a lot of play in the press. I don’t favor the idea, but at least Rogoff acknowledges, not only the…
Read More »