The Latest Keynesian Stimulus: Hurricane Sandy

Hey! Did you hear the good news? Hurricane Sandy will create jobs and provide economic growth that will help drag our economy out of the doldrums. According to University of Maryland economist Professor Peter Morici, there is actually a benefit to mass destruction:

However, rebuilding after Sandy, especially in an economy with high unemployment and [...]


The Mess We’re In

“The genius of our ruling class is that it has kept a majority of the people from ever questioning the inequity of a system where most people drudge along, paying heavy taxes for which they get nothing in return.”

- The late Gore Vidal.

“It’s a mess, ain’t it, [...]


KeithGram: Spoliation

Recently, there has been much sound and fury regarding “insider trading” by members of Congress.  It seems that they generally outperform the market, and leave office much richer than when they entered.

Predictably, most people are outraged—and want Congress subject to the same regulations that rule over private actors.  I think it’s silly to expect [...]


The Economic Benefits of Irene

I was going to pass on David Kotok’s statement about the positive consequences of  this weekend’s hurricane, but I am seeing the same error made again and again. Here is what Kotok said:

Larry Kudlow asked for our economic assessment when we did an interview on his weekly radio show Saturday morning. Larry noted how this [...]