New column: The rites of recession

I have a column in the magazine with “The Science of Romance” on the cover (in the U.S., overseas it’s Ny lon kong–which, somewhat disappointedly, is not the amazing tale of a giant pantyhosed gorilla) and online here. The column begins: Every day it’s looking more like a recession in the U.S. The December economic [...]

Turns out George Bush is a Keynesian, too

President Bush mentioned (outlined is really too strong a word) his 1% solution for the economic slowdown this morning. That is, a temporary stimulus that equals about 1% of GDP. That is, $140 billion. This comes after Ben Bernanke declared Thursday that he favored temporary fiscal stimulus of about that size, and made pretty clear [...]

Do we need a recession to purge the rottenness out of our system?

The commenter formerly known as p_lukasiak (now charmingly rechristened mediasux), asks an excellent question: Now, correct me if I’m wrong, but the whole purpose of the Fed was to act as a brake on the economy when inflation rears its ugly head. And while I was initially supportive of a stimulus package, the problems with [...]

Should Danes lower taxes or just say ‘hello’ more often?

The long-running saga of Danish taxes and skilled workers has taken a dramatic new twist, with the broadcast on Danish TV Wednesday night of an episode of the financial news show Magasinet Penge titled Kold dansk skulder til udenlandsk arbejdskraft, which means just what you think it means (if you think it means “Cold Danish [...]