American Madness

Intelligent Criticism in the Service of a Better Nation

There’s nothing wrong with deflation
unless you’re owed money, right?

I’ve been scratching my head for weeks now every time I read that deflation is bad. It’s like every business writer at every paper got a memo or something. Are they under the impression that inflation is inevitable or that each year products should go up in value? It’s absurd. The only relevant distinction I [...]

Dumb as we wanna be

Friedman pulls out a good one.

My fellow Americans, we can’t continue in this mode of “Dumb as we wanna be.” We’ve indulged ourselves for too long with tax cuts that we can’t afford, bailouts of auto companies that have become giant wealth-destruction machines, energy prices that do not encourage investment in 21st-century renewable power systems [...]

Merry Christmas

Vanilla Mood.

This video explains me perfectly

Barry Schwartz, author of The Paradox of Choice: Why More is Less, an awesome book that I highly recommend.
“Paralysis is a consequence of having too many choices.”

He gives a more detailed explanation, with discussion of various studies, in his talk at Google in 2006.

Yay for tariffs

Another gem from the NYTimes boards in response to Krugman being vacuous and unspecific.
One of my degrees is a specialization in the political, social and economic history of the 1930s. Prof. Krugman has nailed the central question about the current collapse. The 2008 economic crash is mimicking the 129-32 collapse. The remedies on the [...]

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