À propos of the upcoming vote on whether to confirm Ben Bernanke for another term as Chairman of the Federal Reserve, I pass along the following video. Proving once again the capacious bounds of human imagination, it presents some of the basic differences between Keynesian and Austrian economic perspectives by casting Keynes and Hayek as . . . well, you’d better just watch it yourself. (Bernanke and Geithner make an appearance (in character at least) at 4:28.)
One of the creators, Russ Roberts of George Mason University, has a weekly podcast called Econtalk that’s terrific.
News of Michael Jackson’s interment at Forest Lawn cemetery in Glendale, California immediately reminded me of this song. I think I heard John Denver sing it, but Tom Paxton is the one who’s available on YouTube.
On the theory that a picture is worth a thousand words, I thought perhaps I could use my latest bumper sticker purchases to substitute for commentary I haven’t been writing. Here’s a pretty good summary:
I know it’s in the Obama Administration’s interest to emphasize how bad the economy was at the end of the Bush Administration. But I think this goes too far.
I don’t usually do posts that just say, “Hey, read this.” But hey, read this. It’s by Bill Bonner, who sells many of his insights but offers the ones below free on his Daily Reckoning site. Finally, a proposal for helping clear the glut of bad novels.
by Bill Bonner
Bankers are idiots, sometimes Read the rest of this entry »
The bailout debate almost defies parody. Almost.