Margaret Thatcher. God I miss her.

Poland side steps the whole rotten Euro mess and thrives. Thanks again to Dr. Rothman.

http://online.wsj.com/article/SB10001424052970204826704577074641429388370.html?mod=WSJ_World_LEFTSecondNews

A very Merry Christmas to one and all.

My dog, ducks and my grandson last Sunday. That is pretty much the trifecta for me.

Cafeful there old boy....

John Cochrane is always worth listening to. Does our economic garden need fertilizer or do we simply need to pull the weeds?

http://econlog.econlib.org/archives/2011/12/john_cochranes_1.html

If he does not already, Newt Gingrich should worry the hell out of you.

http://www.nationalreview.com/agenda/285056/newt-gingrich-gse-model-josh-barro

You took the wind right out of me. From John Whitehead's Blog...

http://www.env-econ.net/2011/12/breaking-wind.html

This is the face of Evil. Adolf Hitler, Pol Pot, meet Kim Jung Il and burn in hell.

Ron Paul could win Iowa...and you wonder what is gonna happen in November 2012?

http://www.washingtonpost.com/opinions/fed-bashing-gone-wild/2011/12/09/gIQA6sMDoO_story.html

The Fed and their lending.

http://www.econbrowser.com/archives/2011/12/more_on_those_s.html

What do Uncle Fidel, Hugo Chavez and the OWS miscreants have in common? They don't know supply and demand economics.

http://mjperry.blogspot.com/2011/11/venezuela-repeals-laws-of-suppy-and.html

Greek statistician faces life in prison for NOT cooking the books.

http://www.cnbc.com/id/45458728

Dr. Rothman tells me that the data from the UK are the only reliable data in Europe. What then should we think of Chinese data? Here the dude comes from the IMF and cleans up Greek data and now faces life in prison.

They should have let Greece default.

New web site: expert economists surveyed regarding hot topics of the day.

http://www.igmchicago.org/igm-economic-experts-panel

How about if "The Muffs" explain it to the OWS miscreants?

The key words are:

And you know...
you have a 1000 things in front of you...
But doing anything you like
and taking it easy is all you ever need to do...
You have no ambition and all you do is sit around
and I don't know why?
And you know it's true and you never want for anything...
You're a lucky guy, oh ho ho ho you're a lucky guy.

Via con Dios. Guess I won't have Barney Frank to kick around anymore.

http://www.economics21.org/blog/reflections-barney-franks-legacy

This is real good.

http://www.voxeu.org/index.php?q=node/7352

Memo to the OWS creatures.

http://frontporchviews.wordpress.com/2011/10/31/memo-to-ows-crowd-mary-beth-hicks-wash-times/

BTW if I was a cop and saw someone crapping on my car like the dude above, he'd sure have a case of the red ass because I'd pepper spray his butt.

There is over 160,000 miles of pipeline carrying hazardous material around the U.S. It is how you get your gasoline. And Keystone languishes...

http://www.econbrowser.com/archives/2011/11/shovel_ready.html

This is probably the most beautiful puppy picture I have ever seen...and it is my dog.

Whacking 'em and stacking 'em in New Orleans...with my friend Matt the Cat.

I never thought I would say this but I am going to miss this guy. Read on below...you'll miss him too.

http://www.theatlantic.com/business/archive/2011/11/the-real-reason-to-miss-barney-frank/249132/

Puppets anyone?

http://townhall.com/columnists/jonahgoldberg/2011/11/30/courting_joe_the_puppeteerhttp://www.blogger.com/img/blank.gif

Don't blame it on the Germans. They are the only ones over there with any sense.

http://online.wsj.com/article/SB10001424052970204449804577068430482022446.html?mod=djemEditorialPage_t

Brett Stephens takes his rapier-like pen and carves up the Church of Global Warming.

http://online.wsj.com/article/SB10001424052970203935604577066183761315576.html?mod=djemEditorialPage_t

Herman Cain filandering? He should be disqualified to be president.

My new dog's first bird.

Dr. Doom sets out four scenarios.

http://www.project-syndicate.org/commentary/roubini44/English

This same thing happened recently in Pitt County NC. Where is the humanity?

http://www.nytimes.com/2011/11/17/opinion/kristof-the-face-of-modern-slavery.html?src=ISMR_AP_LO_MST_FB

In Iceland now you cannot even leave the country without the government's permission.

Thanks to Dr. Rothman.....


http://www.voxeu.org/index.php?q=node/7275

Greek exit. Get the mops out to clean up the bloody mess.

http://online.wsj.com/article/SB10001424052970203804204577015990542256190.html?mod=WSJ_hp_LEFTTopStories

Another look at Nominal GDP targeting.

If inflation expectations increase, doesn't that shift the Phillips curve?




http://economix.blogs.nytimes.com/2011/11/02/will-bernanke-take-aim-at-g-d-p/?hp

My new buddy "Sophie" comes next month.

Watch this Power Point. True beauty.
http://www.funnyeconomist.com/Mansbestfriend.pps

NGDP targeting gains momentum.

http://blogs.wsj.com/economics/2011/10/27/what-is-ngdp/

Friedman wins this one.

Here is the transcript of a debate between Milton Friedman and Rober Mundell from May 2001. Read section III where Mundell lauds and Friedman says "not-so-fast" re: the Euro and its future viability and longevity. Friedman wins this one.

Hats off to the great Dr. Rothman who is so very helpful to this blog.




http://www.irpp.org/po/archive/may01/friedman.pdf

It just hit me...they want Greece to go through the debt deflation gauntlet just like the folks did during the Depression. Not likely!

http://www.ft.com/intl/cms/s/0/1299d48c-0a01-11e1-85ca-00144feabdc0.html#axzz1dE6CEUwm

Spineless coward bastards all. Let people live and be who they are.

http://www.nytimes.com/2011/11/14/nyregion/marching-after-anti-semitic-vandalism-in-brooklyn.html?_r=1&scp=1&sq=midwood&st=cse

The Euro is dead. Germany will never go along with this.

http://www.project-syndicate.org/commentary/eichengreen36/English

The Supremem Court will decide Affordable Health Care Act.

http://online.wsj.com/article/SB10001424052970204190504577037932371519676.html?mod=WSJ_article_LatestHeadlines

Greece is not California. You need to read this...so very clear.

http://rodrik.typepad.com/dani_rodriks_weblog/2011/11/why-is-the-bankruptcy-of-the-greek-government-different-from-the-bankruptcy-of-california.html

Breeders' Cup 2011 @ Churchill Downs.

The shiny, happy winners from the left, bottom row: my nephew Rick and his wife Meagan, Victoria Vaughn with husband Francis Vaughn ECU Wall of Fame member and Class of 1991, my sister-in-law Ginger and my brother Richard. Back Row: my wife Monica and me.

Kings and Queens for a day! Let's do the Riddler Dance one more time.....

This is why they are the greatest generation.

http://voxvocispublicus.homestead.com/morrow.html

Counter Point: Maybe high taxes are not the cause of Europe's problems after all?

http://fatasmihov.blogspot.com/2011/09/macroeconomics-evidence-or-ideology.html

Happy Birthday U.S. Marine Corps

Happy Birthday to all my dear Devil Dog friends both here and overseas, active and honorably discharged. Have a great Marine day and Semper Fi.

Watch this tough Leather Neck...





GENERAL WILSON'S BIRTHDAY TOAST

On the occasion marking the birthday of the US Marine Corps, 1978, onboard
Camp LeJeune, and in the presence of several thousand Marines and their
ladies, General Louis H. Wilson, CMC, arose to deliver his long awaited
address to the troops. He approached the rostrum, nodded to the CG's
(Base, FSSG and Division) and proceeded to explain to the captive masses
that he would be short on words that night - then turned to his bride, took a
glass and, amid absolutely DEAD SILENCE, offered this toast - and
promptly SAT DOWN.

LOVE

THE WONDERFUL LOVE OF A BEAUTIFUL MAID,
THE LOVE OF A STAUNCH TRUE MAN,
THE LOVE OF A BABY, UNAFRAID,
HAVE EXISTED SINCE TIME BEGAN.

BUT THE GREATEST OF LOVES,
THE QUINTESSENCE OF LOVES,
EVEN GREATER THAN THAT OF A MOTHER,
IS THE TENDER, PASSIONATE, INFINITE LOVE,
OF ONE DRUNKEN MARINE FOR ANOTHER.

THE WHOOPIN AND HOLLERIN WENT ON FOR A GOOD TEN MINUTES

HAPPY BIRTHDAY AND SEMPER FIDELIS

Europe's problem? Entitlements, Entitlements and Entitlements. Don't blink...our problem too.

http://online.wsj.com/article/SB10001424052970204190704577026194205495230.html?mod=djemEditorialPage_t

Major Nominal Income Targeting discussion. From Steve Williamson's Blog.

http://newmonetarism.blogspot.com/2011/10/nominal-gdp-targeting.html

Thinking structurally and long term.

http://www.econbrowser.com/archives/2011/09/what_could_amer.html

Goldman Sachs makes the case for nominal income targeting.

http://www.funnyeconomist.com/Goldman.pdf

Winner Winner Chicken Dinner!!!

HOOOOORAY!!!!!! Hit the early pick 4, the $3 pick 3 and a $6 daily double into race 7 yesterday. Walked away a total winner! For all you horse players out there, I had to have my picture taken by the Feds before they would cash the ticket. You know what that means. BTW, I probably processed at least 30,000 and maybe as much as 50,000 independent points of data on the racing form for the Friday and Saturday racing cards. It's a tough business, but God help me I love it so. I even did the Riddler Dance after the seventh race. See the video below. I learned it from Marshall Gramm.





OK all you degenerate horse players out there, time once again for Professor Trackman's rules of horse race gambling. I have purchased these with blood and treasure. I give them to you free: 1. Do your handicapping for yourself. 2. If you can’t take the losses don’t bet. 3. Greed Kills. 4. Winners correct their mistakes next time out. Losers bet bigger trying to cover…which will never cover in the end. 5. Never get too high or too low. 6. Scared money don’t win. 7. Women and booze don’t mix with horses. 8. Don’t bet a beaten favorite coming back trying to do something he has never done before, anything. 9. Exotic bets should supplement straight bets and never supplant them. 10. Eat your betting money...but don't bet your eating money. 11. Every time that gate opens, expect to be humbled. Whatever you do this weekend, Good Luck!

Real neat graphs on debt and taxes and stuff. Thanks to Phil McPherson for sending these.

http://www.zerohedge.com/news/10-essential-fiscal-charts-demonstrating-americas-disastrous-condition

Argentina embraces social justice and makes Black Berry phones at 15 times the world price.

http://online.wsj.com/article/SB10001424052970204002304576630973369218208.html

Uncertainty is worse than knowing the truth...no matter how bad.

http://www.bloomberg.com/news/2011-10-06/policy-uncertainty-is-choking-recovery-baker-bloom-and-davis.html

Christina Romer tells Bernanke this is his "Volcker moment".

http://www.nytimes.com/2011/10/30/business/economy/ben-bernanke-needs-a-volcker-moment.html?_r=1

Romer writes that money stock targeting died "because of instability in the relationship between money growth and the Fed’s ultimate objectives." Maybe I missed it but nominal income targeting has the same set of hurdles.


Steve Williamson does not think it is such a hot idea.
http://newmonetarism.blogspot.com/2011/10/christina-romer-on-ngdp-targeting.html

This is all you need to know.

Please view this night-time satellite photo of the Korean peninsula. We don't get results like this in economics too often. This photo is the purest natural economic experiment we could possibly hope for in a side-by-side test of the efficacy of markets versus command and control economics. And yet, the poor, misguided souls across the world and in the "Occupy This-or-That" movement continue to pathetically pout and grind their teeth for Marxism. Please, emigrate to Ghana and try your theories out there. And take the gold standard people with you. I am sure you will have much to talk about. Please keep your mental delusions to yourselves and your infected fingers off the future of my country.

A distributional analysis of Herman Cain's 9-9-9 plan.

http://taxpolicycenter.org/numbers/displayatab.cfm?Docid=3222&DocTypeID=2

Click on the above and you will see the impact of the 9-9-9 plan spread across income quintiles (that is every 20%). Notice that the lower 2 quintiles have their tax burden increase the most since...they pay few taxes anyway. In the end the average tax rate comes out to be pretty much proportional (that is the last column on the Table). The peeps in the top of the income distribution get their taxes shaved the most. Remember however this is a static analysis. Fundamental tax reform is one of our tickets out of the mess we are in. Something along these lines would be great although I doubt it would work with 9-9-9. What about 20-10-10 and exempt the lower 40%?

If president Obama were to suggest and adopt anything even remotely close to this or even were to push lightly for fundamental tax reform, he would take this issue from Republicans and win outright. But he can't do it. It is against his DNA and the mental shackle that captivates all Democrats believing that taxes going up on the rich is the only fair thing to do. It is a mental shackle that has them continually kick the economy when it is down and keep us where we are. But at least it serves to promote fairness right?

A little boy and his dog. This is a wonderful video.

More Dipsh$ts. The imbecility is shocking to the senses.

Here is the full blown page of imbecility....

http://pajamasmedia.com/tatler/2011/10/13/more-anti-semitism-at-occupy-los-angeles/

How to exploit dipsh$ts.

Richard Fisher of the Dallas Fed is worth listening to. He is one of three dissenters on the FOMC.

http://watch.bnn.ca/#clip555168

http://watch.bnn.ca/#clip555169

http://watch.bnn.ca/#clip555170

Lunchtime Symposium for the Business Community of Eastern NC and a free Public forum in the evening at Hendrix Theater @ 7 pm.. TODAY!!!

QEIII is coming.

http://online.wsj.com/article/SB10001424052970203752604576643510352250474.html

Dipsh$ts

An owl coming at you at 1000 frames per second....cool!

http://www.dogwork.com/owfo8/

The Parker Clan expands by one...

The puppy on the right is my new dog Sophie. She will be coming my way around December 1st. She is an English Springer and I am thrilled to see my newest hunting buddy.

Follow this Blog on Twitter...

...by following Misiu19 on Twitter. Go to http://twitter.com/#!/Misiu19 and hit the follow button! Then hit the cell phone icon right next to it. Viola! I'll be there! Thereafter all the posts will be instantly sent to your cell phone the moment they are published.

Many thanks to my young colleague Andrew Grodner for pushing me forward to be tech savvy.

I signed up.

WHICH WILL DO MORE FOR JOBS: MORE “STIMULUS” SPENDING, OR REMOVING GOVERNMENT BARRIERS TO GROWTH?

As an alternative to the continued “stimulus” spending and short-term fixes prescribed by President Obama, Speaker John Boehner and other Republicans in the U.S. House of Representatives have put forth a jobs plan focused on removing government barriers such as excessive regulation and taxation on small businesses that are impeding private-sector job creation in the United States. The White House contends there are no independent economists who believe this plan will have a positive effect on job creation in the short-term, and argues that it may actually “result in fewer jobs,” according to CBS News.

As an independent economist, which do YOU believe is more likely to provide a boost for private-sector job growth in America in both the near- and long-term: a plan focused on billions of dollars in additional “stimulus” spending by government – or a plan focused on halting excessive government regulations and fixing the tax code to help private-sector job creators?

If you believe the latter is more likely, we’d like to add your name to a list that will be released publicly by Speaker Boehner next week. Please respond to this email and let me know if we can add your name to the list. And feel free to share this message with other independent economists who may be interested in adding their names.

Justin Lampert
Office of the Speaker
Rep. John Boehner (R-OH)
U.S. House of Representatives

To be published in the US in November! Step right up! Yours for $1050.

They wanted me to cut monetary base growth but I said No, No, NO!

http://www.voxeu.org/index.php?q=node/6965

Operation "Twist" and what not to expect.

www.econbrowser.com/archives/2011/09/effects_of_oper.htmlhttp://www.blogger.com/img/blank.gif