Three month U.S. T-bills traded at a negative rate today. For the first time since 1940. Yup. This is going to end well. 'PuterAlways right, unless he isn’t, the infallible Ghettoputer F. X. Gormogons claims to be an in-law of …Continue reading →
Two tidbits on unions and the economy. First, unionization prolongs bad times (e.g., the Great Depression) by forcing business to retain less efficient, though more senior, employees and pay unequally talented people equally, resulting in layoffs. Second, union demanded and …Continue reading →
In a stunning bit of moronic populism, the sheriff of Cook County, Illinois, one Tom Dart, has taken it upon himself to cease evicting people from foreclosed properties. Basically, the good sheriff has decided to ignore valid court orders that …Continue reading →
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