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Weekend Reading: Jonathan Chait: David Brooks and the Intellectual Collapse of the Center

The unwillingness of David Brooks of the _New York Times_) and his ilk to tell their readers that Barack Obama was the centrist president they were looking for is one of the reasons we are in this mess--and one reason why, I think, David Brooks's career is now over: Jonathan...

Sunday Night Futures

Weekend:• Schedule for Week of Dec 4, 2016Monday:• At 10:00 AM ET, The Fed will release the monthly Labor Market Conditions Index (LMCI). • Also at 10:00 AM, the ISM non-Manufacturing Index for November. The consensus is for the index...Show More Summary

Trust, but verify (reply to David Deutch)

Back in the early days, before Trump Derangement Syndrome set in, I did a post entitled: Are the laws of physics mere social conventions?  No, they are social conventions. The basic idea was that theories are beliefs, but not “merely” beliefs.  There is nothing more important in the entire universe that mental states such as […]

Will legalization reduce youth marijuana use?

Rates of teen marijuana use in Canada are among the highest in the world. Legalization advocates blame high use on criminalization: "the ready availability from dealers with no scruples about targeting youth, and the cachet of forbidden fruit—or rather, buds."...

The One Best Way We Does the Tell of the History of the Twentieth Century...

I must take exception to something said earlier today by the very sharp Neville Morley: Neville Morley: _[When It Changed][]_: "Unless you do assume that one strand of historical development... >...changes in productivity, or technology, or ideology--is determinative of all the others, then there’s no particular reason to assume that...

Desperately Searching For A New Strategy

Tim Duy: Desperately Searching For A New Strategy, by Tim Duy: President-Donald Trump’s renewed call for a 35% import tax on firms that ship jobs out of the United States triggered the expected round of derision from an array of...

Federal Cash Flows Into The Trump Conundrum That Will Trigger The Next Great Crash

The TBAC has forecast $390 billion in cash at year end. With the 10 day average balance now at $400 billion it implies that there will be no additional cash pulled from the market for the remainder of the year. However, if the ObamaShow More Summary

Congrats to the Appalachian State University Fed Challenge Team

From a Federal Reserve Board of Governors' Press Release: Rutgers University won the 13th annual national College Fed Challenge on Thursday, a competition that encourages students to learn about the U.S. economy, monetary policymaking, and the role of the Federal Reserve System. The team, from New Brunswick, N.J., represented the...

Storify: The "Long" vs. the "Short Twentieth Century... (with image, tweets) · delong · Storify

_[Storify: The "Long" vs. the "Short Twentieth Century...][]_: [Storify: The "Long" vs. the "Short Twentieth Century...]: https://storify.com/delong/storify-the-long-vs-the-short-twentieth-century [View the story "Storify: The "Long" vs. the "Short Twentieth Century..." on Storify]

Why a Protectionist Shock Would Do More to Harm Than to Help the Job Market

Dramatic promises to restrict international trade were a signature element of Donald Trump’s presidential campaign. So far, he seems to be following through, with an early reaffirmation of his intent to withdraw US participation in the...Show More Summary

Poor Gretchen on Fannie and Freddie

My former co-blogger Tanta wrote several posts pointing out questionable reporting in articles by "poor Gretchen" Morgenson of the NY Times. Tanta would have a field day with GM's article today: Trump Treasury May Mean Independence for...Show More Summary

Speech Tomorrow at San Jose State University

(December 4, 2016 12:34 PM, by David Henderson) Tomorrow, Monday, I will be speaking at San Jose State University, as part of SJSU's David S. Saurman Provocative Lecture Series. Title of talk: Popular Misconceptions about Income Inequality Time: 5:15 p.m. Place: New Student Union Theater My talk will... (0 COMMENTS)

The Obamamometer’s Toxic Legacy: National Security

Obama's national security legacy: Guantanamo's still open and this former con law prof asserts-- wrongly-- that he can't pardon Snowden now.

What the Quitaly Vote Today Means for Your Money

The Quitaly vote today could send the markets into free fall - just like the Brexit vote did back in June. The post What the Quitaly Vote Today Means for Your Money was originally published at The Wall Street Examiner. Follow the mo...

What Is Quitaly?

First there was Grexit, followed by Brexit, and now there's Quitaly. The post What Is Quitaly? was originally published at The Wall Street Examiner. Follow the money!

Charles Hugh Smith- A Moment of Gratitude for Readers and Supporters

Ultimately, this site is about solutions. I want to take a moment to thank every reader who took the time to email me after spotting oftwominds.com on the Washington Post's absurd "list of Russian propaganda sites." You all got the joke,...Show More Summary

California Pensions Underfunded By $1 Trillion Or $93k Per Household (Irwindale Leads At $134,907)

“California Pensions Underfunded By $1 Trillion Or $93k Per Household.” The post California Pensions Underfunded By $1 Trillion Or $93k Per Household (Irwindale Leads At $134,907) was originally published at The Wall Street Examiner. Follow the money!

5 Questions, Answered about Italy’s Referendum

This Sunday, December 4th, Italy will hold a constitutional referendum. The post 5 Questions, Answered about Italy’s Referendum was originally published at The Wall Street Examiner. Follow the money!

Trumponomics Will Not Help Flyover America

David Stockman reveals the few simple steps the Fed must take if there’s any hope of restoring American prosperity. Read on... The post Trumponomics Will Not Help Flyover America was originally published at The Wall Street Examiner. Follow the money!

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