Supreme Court Laughter

Using transcripts that say (Laughter) when some levity enters the proceedings, one legal scholar has concluded that the Supreme Court averaged 1.027 laughs per oral argument. The funniest justice is A…

Deficit Deal Primer

In 1934, after meeting with John Maynard Keynes, FDR said that he “liked him immensely” but groaned that he talked like a “mathematician.” Keynes’s advice to FDR? Describ…

Econ Fun

The second Keynes/Hayek rap video, “The Fight of the Century” just arrived. Like the first one, it focuses on the never ending debate between economists who want more government and those …

Spend More or Less?

It was perfect. On the left side of the NY Times Op-Ed page, David Brooks defended the austerity approach. On the right was Paul Krugman saying spend more. Those are the alternatives. Maybe now it wil…

Handy Quotations

On Economics: Economics is “the study of mankind in the ordinary business of life.”   Alfred Marshall, 1842-1924 (U.K. economist). “The curious task of economics is to…

Hayek vs. Keynes

Good enough to watch, this youtube performance between Hayak and Keynes is similar to a recent Planet Money “boxing match” between the classical perspective and Keynes which I also recomme…

Freshwater or Saltwater?

Smith or Keynes? Free market or government fine-tuning? If you are the latter, you can say you are a saltwater economist. A recent article from Paul Krugman (NY TIMES MAGAZINE; 9/06/09) characterizes …

The American Dream

The precipitous current dip in housing is so explicit in the graphs at: http://www.calculatedriskblog.com/2009/10/impact-of-declining-homeownership-rate.html Translating the lines into people and numb…

©2016 econlife. All rights reserved.