Archive for the ‘New Posts’ Category

Filling Up In Nebraska: A Conspiracy Theory

July 4th, 2011

I took the picture below when I was filling up the tank earlier today in Nebraska.  Weird, right? The higher octane gas (“Plus”) costs $0.15 less per gallon than the regular.  I thought it was a mistake in the signage, but no.  Along with higher octane, the “plus” contained 10% ethanol—the regular was corn-free. Still,… Read more

More Q&A: States Can’t Do Countercyclical Policy and Noise re “Unfunded Liabilities”

July 4th, 2011

Q: What with the much benighted Washington debate, what can the states do to improve the economy – or more specifically, fight unemployment? A: The states can’t do much at all.  To the contrary, because they have to balance their budgets, when their revenues come in under their spending in a given fiscal year, they… Read more

Spend a Dollar, Get $3.20

July 2nd, 2011

Unless you’re living under a very heavy rock, you know that Washington is in a deep and ugly squabble over revenues.   By the end of the week, party leaders were arguing over the profound question of whether tax breaks for corporate jets should be on the table. Well, perhaps the first thing we should do… Read more