Archive for November 16th, 2008

Algore for Secretary of Energy?

Sunday, November 16th, 2008

One of George W. Bush's most derided and publicized shortcomings was all the terrible nominations and appointments he made for various governmental positions: Paul Wolfowitz as President of the World Bank, Harriet "Palpatine" Miers for Supreme Court justice, John Ashcroft as Attorney General, Alberto Gonzalez as Attorney General, John Bolton ...

Carl Sagan reads from Pale Blue Dot

Sunday, November 16th, 2008

I'm pretty sure this is the best video on the entire internets:

Arnold Kling on credit default swaps

Sunday, November 16th, 2008

Arnold Kling at EconLog wrote the clearest explanation I've heard yet of what a credit default swap is and how it could have led to so many financial losses in our current recession. It sounds like a correct explanation. Maybe it's too simple to be true; it seems impossible to ...