From Greg Mankiw's Blog...too good not to post.

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How about these ideas for conference realignment?

http://espn.go.com/espn/page2/story/_/id/7003591/college-football-conference-realignment-varsity-tailgate-brings-different-perspective

Europe 101

http://curiouscapitalist.blogs.time.com/2011/09/14/are-euro-zone-bonds-the-new-subprime/?utm_source=feedburner

Full Text of FOMC Statement. Monetary Policy is not the problem at this moment in time.

http://www.federalreserve.gov/newsevents/press/monetary/20110921a.htm

Will the real Barney Frank please wiggle your ears?

What's wrong with dissent? Barney Frank blew up the housing market and now he wants us to go on an endless trip up the Phillips curve I guess. Wanting to give the president four more appointees to the FOMC reminds me of Roosevelt trying to pack the supreme court. Some one please stop this jack ass from further damaging our country.

http://online.wsj.com/article/SB10001424053111904194604576580783827647622.html?mod=WSJ_Opinion_AboveLEFTTop

http://blogs.wsj.com/economics/2011/09/12/barney-frank-takes-on-fed-district-presidents/?mod=djemRTE_t

It's math...like the president said!

Check this out in less than 60 seconds.
• United States Tax revenue: $2,170,000,000,000
• Fed budget: $3,820,000,000,000
• New debt: $ 1,650,000,000,000
• National debt: $14,271,000,000,000
• Recent budget cut: $ 38,500,000,000


Now, remove 8 zeros and pretend it's a household budget.

• Annual family income: $21,700
• Money the family spent: $38,200
• New debt on the credit card: $16,500
• Outstanding balance on credit card: $142,710
• Total budget cuts: $385

Sorta brings the issue "home" doesn't it?
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From Paul Samuelson in 1967. Different way to view things back then.

http://gregmankiw.blogspot.com/2011/09/paul-samuelson-on-social-security.html

Yo! This is "The Situation". Europe is dying demographically and is dead economically.

The other day my capable collaborator and mentor Jim Fackler indicated to me he thought another Depression may indeed be in the realm of discussion. That is, the idea of such happening should be "on the table." I almost choked on my Red Bull. He seems to think that the banking situation in Europe is bad enough it could cause another worldwide economic smack down. I don't know for sure. But I have a very real feeling the Euro is not going to make it. And when we think that Ireland guaranteed every last red euro of Irish bank debt and put it on the backs of the Irish taxpayer for the next 5 generations...could he be too far from wrong? Unless Europe is willing to become a fiscal union as well as a monetary union, the euro hasn't got a chance. And the Italians do not seem serious to me at all and Spain hangs by a thread.

Too good not to share.

Too sad to watch....

http://well.blogs.nytimes.com/2011/08/26/a-dog-at-the-funeral-captured-on-video/?ref=health