Monthly Archives: May 2012

A shout out to Heilemann

I stand by my mild criticism yesterday of John Heilemann’s report in NY Mag but the truth is the article was a treasure trove of reporting. Great quotes from Axelrod, Plouffe, and Pfeiffer. Very interesting was the detail on the … Continue reading

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The problem with much political horse-race analysis

John Heilemann, taking the pulse of the Obama strategy for 2012, in NY Mag, argues: …to a very real degree, 2008’s candidate of hope stands poised to become 2012’s candidate of fear. For many Democrats, this is just fine and … Continue reading

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DeLong on “Zombie Economists”

What gets my goat the most is not just that they were so wrong–the Laffers, Camerons, Trichets, Lucases, Cochranes, Famas, Boldrins, Boehners, Kocherlakotas, etc.–but that they have made absolutely no attempt since to mark their beliefs to market. A zombie … Continue reading

Posted in macro-economics, the great contraction 2007-2012 | Leave a comment

Is Facebook the biggest tech IPO we will ever see?

James Surowiecki, writing in The New Yorker: [C]ompanies like Facebook don’t really need the money that an I.P.O. raises. Thanks to things like open-source software and cloud computing, the cost of starting and expanding a technology company has fallen dramatically, … Continue reading

Posted in Facebook, intellectual property, money and finance, prices | Leave a comment

The economic problem of our time

The economic problem of our time (in the US context) is how to get money moving…

Posted in money and finance, money velocity | Leave a comment

Best NY Times article on Facebook yet

The NY Times hits the nail on the head in this article on Facebook’s coming IPO, “Facebook’s prospects may rest on trove of data.” The key question is the value of Facebook’s data. What Facebook already has — more than … Continue reading

Posted in accounting, Facebook, intangible assets, intellectual property | Leave a comment

Boehner is dead wrong

In his recent speech, House Speaker John Boehner doubled-down on his own arbitrary “line in the sand” — dubbed the ‘Boehner Principle,’ no less: One dollar of spending cuts for every dollar the debt ceiling increases, or the debt ceiling … Continue reading

Posted in debt, politics, The End of the GOP, the great contraction 2007-2012 | Leave a comment