Eric Scheske

Subscribe

Economics

Thursday

It's the Exiting-the-Pool Economy! Finally, an econ watcher gives vent to something I've been witnessing: value shrinkage. It's the flip-side of price increases. Instead of rising prices, we get less for the same price. "Due to rising input costs and an overall higher

Bonus Monday Morning Coverage

What the heck? Bernanke announced QE2 just five days ago. This morning, the WSJ runs a piece by Kevin Warsh [http://online.wsj.com/article/SB10001424052748704353504575596762375409760.html?KEYWORDS=Kevin+warsh#articleTabs%3Darticle] , a member of the Board of Governors of the Federal Reserve. The piece is balanced and sane. The

Tuesday

Illusory Tuesday "This afternoon on National Public Radio James Fallows proclaimed that 'there is essentially no disagreement whatsoever' among economists that more stimulus spending is necessary today." Fortunately, people like the folks at Cafe Hayek provide correctives to such unbridled bunk [http://cafehayek.com/2010/10/

Morning Bonus

> "On average, our basic food costs have increased by an incredible 48% over the last year (measured by wheat, corn, oats, and canola prices). From the price at the pump to heating your stove, energy costs are up 23% on average (heating oil, gasoline, natural gas). A little

Monday

Econ Monday My apologies for another econ post, but I suspect things are reaching a fever pitch right now, so . . . * * * * * * * I wrote on Saturday that it's probably time to get out of the market. The mad geniuses at Zero Hedge vehemently disagree. In this (perhaps unhinged) post, they&

Monday

Lions and Economics First Armando Galarraga gets screwed out of a perfect game [http://nbcsports.msnbc.com/id/37479309/ns/sports-baseball/], and now the Lions get screwed out of a victory [http://sports.yahoo.com/nfl/blog/shutdown_corner/post/Video-Controversial-rule-strips-Lions-of-first-?urn=nfl-269035] . I swear, nobody likes Detroit and the

Thursday

Book Review Looking for a fun, if somewhat shotgun, financial history? Check out Jack Cashill's [http://www.cashill.com/] Popes & Bankers: A Cultural History of Credit and Debt, from Aristotle to AIG. I bought it on a whim at Barnes & Noble, based solely on its cover

Nine Days with Kuehnelt-Leddihn

Cash for Souls "Facing the choice of cash or liberty human beings will always choose the former because it spells safety." How else can you explain the popularity of Social Security and Medicare? I give up the liberty to dispose of my income (.765 7.65 cents of

Tuesday

Rioters in the Pool and Wall Street The inner-city youths get classier and classier: Armed security guards have been posted at public pools in Buffalo after a lifeguard was pulled into the water by rowdy teenagers and other unruly behavior prompted safety concerns for parks employees [http://wcbstv.com/topstories/

Thursday

Long day yesterday at the office. I'm bushed and sleeping in. Just this today: