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An Inflation Hawk Sees the Light

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James Bullard, the president of the Federal Reserve Bank of St. Louis, and a voting member of the Fed’s policy-setting Federal Open Market Committee (FOMC) worries about deflation in a research paper published today: In this paper I discuss the possibility that the U.S. economy may become enmeshed in a Japanese-style, deflationary outcome within the […] [Read More]
Categories: General

Legislation to dramatically reduce the sentencing disparity between federal crack and powder cocaine sentences

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Elimination of First Mandatory Minimum Since Nixon Administration Yesterday the U.S. House of Representatives passed landmark legislation to dramatically reduce the sentencing disparity between federal crack and powder cocaine sentences and to repeal the five-year mandatory minimum for simple possession of crack cocaine. The bill, S. 1789, already won unanimous approval from the Senate in […] [Read More]
Categories: General

Government Intervention Helped Avert A Depression

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Economists Yesterday economists Mark Zandi and Alan Blinder released the first comprehensive study that estimates the total effect of fiscal and financial policies of the last few years. They write: In this paper, we use the Moody’s Analytics model of the U.S. economy—adjusted to accommodate some recent financial-market policies—to simulate the macroeconomic effects of the […] [Read More]
Categories: General

OK, I’m Back

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I said I was through with the Democratic governor’s primary, but this is too good to ignore: Glassman responds to Malloy’s newest negative advertising “Running with Dan four years ago, I watched him tear our party apart with dirty, divisive attacks on good Democrats. He photo-shopped his opponent into a dress, but his negative attacks […] [Read More]
Categories: General

Legal Action Against Connecticut Secretary of State Susan Bysiewicz For Urging Voters To Register Democratic or Republican

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Cross-posted with permission from the Third Party and Independent Daily blog. (I said from the beginning that she had no business doing this) Scott Deshefy, the Green Party candidate for Congress in CT-2, has stated he is likely to ally with Daniel Reale in taking legal action against Connecticut Secretary of State Susan Bysiewicz. As […] [Read More]
Categories: General

Fedele Attacks Foley

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As much as I hate to see Democrats attacking each other, I love it when Republicans do: [Read More]
Categories: General

Calif. Tea Party to Use Dogs to Harass Muslim Worshippers

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Hey Rob Simmons – welcome back! Still carrying that teabag everywhere? California Tea Party supporters are being told to bring dogs to harass Muslim worshippers during a Friday congregational prayer, or “Jummah.” CAIR-LA called on local officials and interfaith leaders to show support for the Islamic Center of Temecula Valley, the target of the July […] [Read More]
Categories: General

Connecticut Education Fails Again

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Despite adapting several “education reform” measures, including ridiculous national standards*, Connecticut once again did not qualify for “Race To The Top” funding, although each one of our closest neighbors did. The legislation includes higher standards for high school graduation ( which I think will have the perverse effect of creating more high school dropouts) and […] [Read More]
Categories: General