"In his domestic administration my father had this system . . . to keep a journal and insert in it all occurrences of any note . . . A record very pleasant to look at when time begins to efface the memory of events, and very well suited to get us out of perplexity: When was such and such a thing begun? When completed? What retinues came? How long did they stay? Our trips, our absences; marriages; deaths; the receipt of happy or unhappy news . . . An ancient custom, which I think it would be good to revive, each man in each man's home. And I think I am a fool to have neglected it." (Montaigne, Book I, Essay 35 (publ. 1580))

Sunday, July 19, 2009

"Interesting" times indeed . . .


I don't think it's an exaggeration to say that the country is going through some unusually interesting times from an economic standpoint.

Very recent housing bubble and consequent "fixes" by our government. At staggering cost.

Timed frighteningly closely to the ascension of huge Democratic majorities and a president with supreme confidence in himself and in "government by experts." (I'm pretty sure it would be most difficult to find any useful evidence to support this confidence, but that's another story.) Empowered in large measure by Bush backlash (I often hear "if you think this is bad, consider how much Bush screwed up" - but even if true, I was hoping for better reasoning than that in support of these policies.) Cap and trade, health care "reform," permanent and drastic program expansion masqueraded as "stimulus," taxes, spending, amnesia about campaign commitments; you name it, we have it.

As best I can figure it, the goal is to pass as many laws and regulations as possible while media adulation persists and before the public wakes up to the cost and/or policy implications. If the initiatives continue to be as poorly conceived as other major initiatives in the last few months - well, that's tomorrow's problem. Yet I think the prez has some skills . . . I don't understand the continuous headlong plunge.

But enough of that. The purpose of this post is to list a few bloggers that I find helpful in sorting all this out. Right or wrong, the discussions are pithy and interesting. Typically it's professors musing, but not always.

These folks are definitely crowding out other news/information sources that I previously looked at - much higher value.

Recommended:

1. Don Boudreaux et al.

2. Econlog.

3. Greg Mankiw.

4. John Stossel. (Of all people - but he (or his writers) has a pithy way of repackaging items covered in more detail by 1-3 above. Plus he comes up with a few original things.)

5. Stephen Bainbridge. (law professor)

6. Larry Ribstein. (law professor)

7. Then there is Paul Krugman - but unfortunately I don't get much out of his writings. (I do try to stick with it given that it isn't ideal to live in an echo chamber.)

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