quote of the day

I’ve found that those who defend Bernanke as having inherited Greenspan’s mess are most likely to have first heard Bernanke’s name on the day Bush nominated him. But he’s played an important role in shaping monetary policy, the regulatory environment, and the financial system itself for many years. And as I’ve noted before, he voted…

Overlearning Lessons

I’m a big fan of Scott’s post the other day on neo-conservatism, which I take to be a terrific defense of the original insights provided by neo-conservatism even as it seeks to distance itself from the “overzealous and dangerous manner” in which those insights have been applied.  I was particularly smitten with this sentence: Ironically,…

Sad news

Very sad news out of the UK today: Ivan Cameron, the son of U.K. Conservative Party leader David Cameron, died at the age of six. “Ivan, who suffered from cerebral palsy and severe epilepsy, was taken ill overnight and died” early this morning, the opposition party said in a statement today. Ivan had been severely…

Brooks on Jindal

D. Brooks for me is hot/cold–when he’s on he’s on, when he’s off he’s off.  Here he is dead-on.  I’m sure the Limbaugh/Happy Meal Cons won’t love this, but they need to move from denial to some kind of reality.  Listening to what David has to say here would be a good start. Apparently John…

Derbyshire and the Happy Meal Conservatives

Much as their blind loyalty discredited the Right, perhaps the worst effect of Limbaugh et al. has been their draining away of political energy from what might have been a much more worthwhile project: the fostering of a middlebrow conservatism. There is nothing wrong with lowbrow conservatism. It’s energizing and fun. What’s wrong is the…

quote of the day

The only thing that is not settled, as far as I can tell, is how much damage we will do moving to the system. It will be a joy to behold, especially listening to folks with lifetime sinecures at prestigious organizations with lucrative health benefits or politicians with government provided health care yelling socialism until…

Quick Hit Financial Blogging…

If anyone hasn’t noticed this about using the Fed as part of a bad bank strategy: John Ryding, chief economist at RDQ Economics LLC in New York, and Matt Chasin, chief operating officer of Sorin Capital Management LLC, a Stamford, Connecticut-based hedge fund that manages about $1 billion, say the Treasury Department should provide loans at…

Happy Lundi Gras!

So today is Lundi Gras, better known as the day before Mardi Gras and the second to last day of Carnival.  Wednesday is Ash Wednesday, a day we are supposed to spend fasting and reflecting, in prayer or meditation.  After at least two days of eating and drinking, it should come as a welcome respite. …

the moderating influence of the technocratic Republican

Predictions are a mugs game, and mine are worse than most, so take this with a grain of salt. But I see two likely narratives emerging concerning Arnold Schwarzenegger, neither of which I like. Schwarzenegger’s golden political image has been tarnished lately by the utter fiscal insolvency of California. Part of this can be explained…

can I just say…

I understand that there are arguments to be made against the practice of talking politics at award shows or similar. I don’t want awards show recipients to be making on-air harangues about unrelated partisan topics at the Oscars, and I understand the frustrations of social conservatives who feel like Hollywood is against them, politically. However,…

reflections

Sometimes I’m overwhelmed with this sense that all of this is an exercise in futility – that there is simply too much to know, too much I don’t know, too much I don’t or can’t understand.  My ignorance on this or that subject is laid bare by the revelation of some new fact, some history…

Jonah Sermon

In my alter ego, I’m studying to be a priest in the Anglican Church.  With The League’s permission, I’m posting a link to the audio of a sermon I gave recently at my home church. The text of my sermon is The Book of Jonah.  You can read that book–an excellent, four short chapters–here (in…

Sunday Poem

Lament by Rainer Maria Rilke Everything is far and long gone by. I think that the star glittering above me has been dead for a million years. I think there were tears in the car I heard pass and something terrible was said. A clock has stopped striking in the house across the road… When…

love of… what?

Daniel Larison has a sharp post up (which Andrew has linked to) that I think really demands attention, as his discussion of patriotism and criticism of one’s country really hits home. Daniel writes One of the most tired accusations is that so-and-so “blames America first,” which in a more sane world would be understood as…

In which…

Robert Stacy McCain reveals both an inherent lack of understanding regarding the Israel/Palestine conflict, and an unhealthy degree of bloody, American-made machismo.  Really McCain, you think totally subduing the Palestinian people and then “rinsing” your bayonets in the Jordan is the road to peace?  You justify this fantasy with the example of Sherman in his…

The Theocon Menace

Damon Linker is beating the same drum he’s been beating for some time now, warning against a perceived theocon menace that threatens to overthrow everything Americans have worked toward in fashioning a modern, liberal State.  One thing Linker seems to constantly muck up is the distinction between the cultural critics of the so-called “paleoconservative” right…

Growth and Prosperity

The loss of our self-understanding as parts of a whole meant that individuals who achieved material success were able to consider their achievement as fully their own. By contrast, those who happened to be counted among the “lazy and contentious” (Locke’s term) were understood to have failed on through their own fault alone. A society…

This depends a bit on perspective and I can’t say that it’s 100% true. But an emailer writes to inform me that for a bit there you could literally not find an item on Kausfiles’s front page that could be considered critical of conservatives or Republicans. Could this maybe, possibly, a little bit, be seen…

To Nationalize or Not To Nationalize?

Barry Ritholtz has posted a nice collection of links from different sources arguing for or against bank nationalization.   To reiterate my previous post, I’m more concerned about how something like this gets executed and whether or not government can make a clean exit. I think that it is worth the time reading through the various articles.  I’ve…