"Words ought to be a little wild, for they are the assault of thoughts on the unthinking" - JMK
- It was Milton Friedman's 99th birthday yesterday. His Nobel Prize lecture is here.
- David Glasner on why central bankers are not central planners.
- Stan Collender notes that on the debt deal it ain't over till it's over.
-What do people think about presidential candidate Thaddeus McCotter? I listened to an interview with him on C-Span and was impressed. He's sort of like Romney - he's a Republican that I could support if we weren't in a depression right now, but of course he relies on all the belt-tightening cliches that you always hear which makes it something of a non-starter at a time like this. Anyway - he seems extremely competent, not an ideologue, not a moralizer, and the discussion of the resolution authority as an alternative to TARP was especially good. He's apparently an avid Iraq War supporter too. I doubt I'd ever vote for him but it's worth pointing out the positive elements of the Republican field. And who knows - ten years from now when we're out of our wars and our depression and starting down Medicare and structural deficits I may come around to him (and Republicans in general) again. It seems a ways off at this point.
Contra Krugman: What Does the Stock Market Mean?
2 hours ago