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February 23, 2012

The Daily DOOM

DOOOOM

Follow 'The Daily DOOM' on Twitter: @AoSHQDOOM.

$200,000 in debt per family, my groovy babies. This is His Majesty's most lasting monument: a towering mountain of debt.

Obama's corporate tax plan is a total bust.

Obama had no experience in the private sector before becoming president. The free market is a sort of theoretical construct he learned about in college. But Geithner should know better. He’s had lots of contact with all sorts of executives, both at Treasury and when he ran the New York Federal Reserve Bank. If he has any doubts about this plan, he should resign. And if he doesn’t, he never should have gotten the job in the first place.

NPR's Prairie Home Companion is a high-brow Hee Haw, and Garrison Keillor has made a career out of his smarmy you-betcha radio persona. Less well known is Keillor's far-left politics and unpleasant real-life personality. He's also the foremost example of what a boring liberal mouthpiece NPR has always been.

He doth Reason Mistakkenly.

Sadly, the only difference separating Mr. Obama from the long-dead mistaken mercantilist quoted by Mokyr lies in how each spells and capitalizes words.

I am not an admirer of tattoos. Frankly, I find them vulgar, particularly on women. (Apologies to any of my beloved Morons who are sporting ink, but so it is.) Tattoos also have a lot of social signaling effects, many of which the tattooed person probably does not intend.

Teh Krugman once again fails to do basic research before spouting off, and gets called on it. I wouldn't hold my breath waiting for Teh Krugman to issue a correction or retraction.

To the Greek public sector: Er, you guys know that you're flat broke, right? (The fact that it involves workers in the Greek Social Security office would strike me as mordantly humorous but for the fact that it's long past being funny.)

"[F]rom here, bond market returns are about as attractive as following a plague of locusts across a field of corn."

Some background on the Modern Monetary Theory (MMT). (The "Kansas City school".) I think it's junk, but hey, what do I know: I follow the Austrian School myself, and it's been the butt of jokes from mainstream economists for decades. Arnold Kling isn't a fan either.

The Greek CDS argument may not be over yet.

Is the European crisis over or just beginning? It ain't nowhere near over.

Peter Orszag's new nugget of folksy wisdom: You should be glad the economy is in the toilet because you'll live longer! The longer to savor our misery, I guess.

ALL IS WELL! The ass-kissing and ego-stroking on display in this article may actually cause you to vomit, so have a bucket handy if you choose to read it.

You may soon have to drop a hundie to fill your hoopty's tank if gas keeps going up.

US Postal Service warns of "potentially adverse reactions" as USPS employees receive word of which facilities are slated for closure. Unionized public-sector employees causing a ruckus? I've never heard such a thing! (h/t Gabriel).



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posted by Monty at 08:36 AM

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