Month: June 2009
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One of These Things Is Not Like the Others
Think of this chart (from Donald Marron, via Greg Mankiw) the next time you hear someone say that we are in the worst economic downturn since the Great Depression. Based on GDP, it appears we’re in the worst downturn since 1958 — and since I was born that year, I reject the idea that it […]
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American Ideals in Bush’s Third Term
President Obama sometimes sounds a lot like President Bush — and I mean that in the nicest possible way. Barack Hussein Obama, Cairo University, June 4, 2009: But I do have an unyielding belief that all people yearn for certain things:Â the ability to speak your mind and have a say in how you are […]