Archive for the ‘New Posts’ Category

At Most, Half a Pinocchio

June 7th, 2011

The WaPo fact checker veered into heavy traffic today with a deeply misleading attack on statements recently made by President Obama about the benefits of the auto bailout. As I note below, you could object to the President’s emphasis on one point if you want to be churlish about it, but big picture: this restructuring… Read more

For Future Reference

June 6th, 2011

I’m not predicting the downfall of modern society as we know it.  Especially for an economist, I tend to be congenitally optimistic. But if such a downfall should occur, it would not surprise me if future historians wrote about Peter Diamond withdrawing his name for a governorship at the Federal Reserve as, if not a pivotal… Read more