Today we have been linked to by several prominent financial and economic blogs. The Reformed Broker was kind enough to label us a Jedi Master. Considering my love of the Star Wars franchise, I was especially pleased by this designation. Financial Armageddon also reprinted this list. In addition, Professor Mark Thoma was also kind enough to place us in a recent link fest.
And as an added bonus, we've just received a mention in the NY Times Economix Blog.
If you are here because of those links, welcome. We hope you come back.
BD
Wednesday Watch
1 hour ago
5 comments:
Congrats Bonddad & New Deal democrat :)
I am curious what the prospects are for the GOP House leadership to be able to scuttle the economy in the lead up to the 2012 election.
It's always been my understanding that the government really doesn't have that much influence over what the economy does in the near term.
@Han
I guess the question that has to be asked is are we at a point where politicians are willing to let their own country suffer and lose it's economic standing just for the sake of politics. If the answer is yes then we're in much more trouble as a country and we will only go farther downwards.
Two thumbs up Bonddad & NDD!
Thanks, I learn a lot on here.
gene
Han Shot First -
Look at politics and economics like they're abstract concepts and you won't find any answers that make sense -- though that doesn't stop pundits from trying.
In fact, the government can greatly influence the economy if it sets its mind to it. However, nowadays policy has less to do with economics and more to do with game theory. If you ask a capitalist whether capitalism is better or worse than communism, you'll get a laugh and an "of course" and as far as modern history goes, he'd be right. But ask the same capitalist if he's interested in a sweet deal that nets him a billion dollars at the expense of the overall [capitalistic] economy, he'll jump on the deal. 10 times out of 10.
We had to bail out the banks but could not nationalize them. China's manipulating their currency but we don't have the balls to do anything about it. We're in two wars with no endgame but even mentioning that is "unpatriotic". We need to cut entitlement spending but the Baby Boomers are a huge voting bloc. Everywhere you look, problems have simple solutions but "grown-ups" choose the hard way out because a deal's been cut.
The GOP isn't going to undermine the economy for the sake of ideology. They're going to do it because 15% unemployment isn't the problem of someone with a net worth of $10 million; inflation and taxes are.
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