Informed Speculation

First of all, it was a major speech, obviously.  Some notable bullet points: (1) Obama did not use the word terrorism or any variant in the entirety of the speech.  That can only be deliberate, one presumes to avoid fanning the flames considering the primary audience was intended to be the Arab public. (2)  The [...]

I’ve expressed my misgivings many times about the direction of our monetary policy – it now appears that these misgivings are very widely held.  Yesterday, the Fed Chairman warned of the need to control the exploding deficit: The Federal Reserve chairman, Ben S. Bernanke, said on Wednesday that the United States needed to develop a [...]

…here’s eight early Joe Biden goofs.  My favorite? “I wouldn’t go anywhere in confined places now. It’s not that it’s going to Mexico in a confined aircraft where one person sneezes, that goes all the way through the aircraft. That’s me. I would not be, at this point, if they had another way of transportation, [...]

Regarding yesterday’s post, Martin Feldstein weighs in on cap-and-trade in the Washington Post: The Congressional Budget Office recently estimated that the resulting increases in consumer prices needed to achieve a 15 percent CO2 reduction — slightly less than the Waxman-Markey target — would raise the cost of living of a typical household by $1,600 a [...]