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Why the drop in home sales is a good thing.

It is not Obama’s fault that home sales are dropping, though it is his fault that they did not drop sooner.  Why is it bad that the sales of home and home prices are dropping? Yes, it eats up bank collateral and destroys individual’s home equity values.  But that is...

The Death of Judgment

After a long day of helping my daughter move into her apartment in Bloomington, Indiana, before classes start we went for a late bite at Applebee’s.  Apparently Indiana has a new law that EVERYONE gets carded if you order a drink. Yes, even a shriveled up, hunched...

Muslim Diversity

I have to confess that much of the rhetoric from the right on Muslims in America has crossed a line that I find uncomfortable.  Much of this is centered around the controversies of the mosque proposed a few blocks away from ground zero. One problem is that Muslims are...

Explaining Huge Deficits with Low Interest Rates

We are living in interesting times.  While the professional economists are trying to figure out what happened we have all become economists of sorts just to try and understand the events that greet us every day. With huge deficits many would expect inflation as...

Demon Fodder

Issues like the GZ Mosque provide excellent fodder for the talking heads of the right and the left because it provides them with demons, and they both prefer demons to solutions. Demons get people worked up and when their blood gets worked up they listen, write, call...