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Thursday, May 31, 2012

Put up your dukes.

I don't normally say angry things like that in public but I am pissed. Go messing with freedom of religion and speech and now you are on the fighting side of me. I'm mad as hell and I'm not going to take it any more. Take your law and its interpretation and stick it in your ear. Comply? Like hell.
http://online.wsj.com/article/SB10001424052702303640104577436432065134466.html?mod=WSJ_Opinion_LEADTop

Friday, May 25, 2012

President Kocherlakota thinks full employment is near. Really?

I guess the idea here is that long-run equilibrium full employment has changed recently after what we have been through so that 8% unemployment is all we are going to get. Since prices seem to be rising now, the president of the Minneapolis Fed seems to think we are closing in on a new NAIRU target. And if that is true...how did you like the recovery? http://blogs.wsj.com/economics/2012/05/23/feds-kocherlakota-economy-closer-to-maximum-employment-than-data-suggest/?mod=WSJBlog

Tuesday, May 22, 2012