fiscal prudence

Avoiding A Global Recession: Let’s Add Another Locomotive to the DeLong Train

Brad DeLong has an interesting analogy for recent developments for the global macroeconomy:Perhaps the best way to look at the situation is to recall that three locomotives have driven the world...

For All Those GOP Primary Voters Who Take Their Cues From the Sulzbergers

The New York Times has, inevitably, endorsed John McCain for the Republican primaries. It's mostly an opportunity to kick Rudy Giuliani in the teeth:The real Mr. Giuliani, whom many New Yorkers came...

Somewhere, Alexander Hamilton Weeps

Sad sign of the times: after nearly a decade as the best bargain in town, the New York Post doubled its price this week to fifty cents.Since the Post is owned by mega-billionaire Rupert Murdoch's...

Perverse incentives: Blogosphere response

The WSJ had an op-ed last week on the incentives driving American medicine, provoking some thoughtful discussion.Dr. Rob:While I applaud the overall approach to the problem, I think there is an...