The White House has announced that it is nominating Alan Krueger, a professor at Princeton, to be the new Chairman of the Council of Economic Advisers. In a Freudian copy-editing slip, the Fox News story (at least as of 8:44 a.m.) says “Krueger’s job will be to provide policy prescriptions on ways to spur unemployment.” […]

I’ve commented on the failure of Obamanomics, with special focus on how both banks and corporations are sitting on money because the investment climate is so grim. Not exactly flattering to the White House. Using Minneapolis Federal Reserve data, I’ve compared the current recovery with the expansion of the early 1980s. Once again, not good […]

Last week, I wrote about an utterly reprehensible welfare mom in the United Kingdom who  had the gall to blame the government when one of her 11 kids was arrested for rioting. Surely, I thought, she was the perfect symbol of the moral depravity caused by welfare state dependency. But I may have been wrong. […]

Congressman Eric Cantor, the House Majority Leader, has a rather persuasive column in the Washington Post about the negative impact of President Obama’s big-government agenda. … the Obama administration’s anti-business, hyper-regulatory, pro-tax agenda has fueled economic uncertainty and sent the message from the administration that “we want to make it harder to create jobs.” There […]

I’ve already explained why the Department of Housing and Urban Development should be eliminated, but a superb column in the Wall Street Journal by my old friend Jim Bovard has my blood boiling. After reading Jim’s piece, I no longer want to merely abolish HUD. I want to bulldoze the building, cover the ground with […]

Paul Krugman recently argued that a fake threat from space aliens would be good for the economy because the people of earth would waste a bunch of money building unnecessary defenses. That was a bit loopy, as I noted a few days ago, but other Keynesians also have been making really weird assertions. Obama’s Secretary […]

Every so often, I can’t resist condemning someone for grossly immoral behavior. I beat up on Robert Murphy for stealing the value of someone else’s property. I attacked Olga Stefou for symbolizing the looter-class mentality of Greece. And I mocked Michael Wolfensohn for ratting out a couple of kids who were having an unlicensed (gasp!) […]