• 

  Henry recommended a blog post:

  7:59 pm

  The Sorrow And The Self-Pity

  There is a case for the tax cut deal, as the best of a very bad situation. But Obama did not help that case yesterday by lashing out at “purists”.

         The Irish, Ourselves

        Some commenters ask how I reconcile my disdain for Ireland’s bank 

        bailout and praise for Iceland’s refusal to put taxpayers on the hook with 

        my support for the US move to bail out banks back in 2008, via the TARP.

       

• 

  Henry recommended a blog post:

  8:00 pm

  The Hard (Money) Men

  There’s a widespread impression that Keynesian fiscal policy has failed. I would argue that this impression is wrong — that the truth is that it was never tried. But surely one clear lesson of recent events is the macroeconomic value of currency f...