Rethink.

Megan McArdle, “Don’t Blame Credit Default Swaps for This Greek Tragedy” – from the article: You see this sort of folk mythology among market watchers very frequently.  They note that there are financial instruments which convey negative information about the soundness of the underlying institution.  Furthermore, they quickly realize that just before institutions fail, there …

Robert Kagan, “Bipartisan Spring” – from the article: On Afghanistan, Iraq, and increasingly on Iran, Republicans have held their fire and offered public support for the president’s decisions. This is partly because Obama has moved closer to their positions. But it is also because Republicans are committed to success in Iraq and Afghanistan, genuinely fear …

“Obama angers union officials with remarks in support of R.I. teacher firings” (wapo) – from the President’s remarks: “If a school continues to fail its students year after year after year, if it doesn’t show signs of improvement, then there’s got to be a sense of accountability,” he said. “And that’s what happened in Rhode …

Megan McArdle, “What to do about Long-Term Unemployment?” – from the article: The result: long term unemployment. What is the government supposed to do about that? Let’s do some math: by generous estimates from non-White House sources, the $787 billion stimulus has created (or saved!) something under 2 million jobs. Currently, there are 11-12 million …