davidl on December 6th, 2011

Frédéric Bastiat in his 1850 essay Ce qu’on voit et ce qu’on ne voit pas:

Have you ever witnessed the anger of the good shopkeeper, James Goodfellow, when his careless son happened to break a pane of glass? If you

Continue reading about Dumbo’s Economics Stuck in the Nineteeth Century

DavidL's Breakfast Scramble
Panic at the White House? From James Pethokoukis, Reuters:

Last night in a new report, Democrat-friendly Goldman Sachs dropped an economic bomb on President Obama’s chances for reelection (bold is mine):

Following another week of weak economic data,

Continue reading about Breakfast Scramble: Obama Channels His Inner Jimmy Carter