What Lies Beneath

This article is making the geek rounds. It’s the soul-bearing confessions of one of the people who wrote the software that made credit default swaps in mortgages so easy to produce, package and sell. As you’ve no doubt heard, credit default swaps have “Something” to do with the current financial unpleasantness. I have three things…

Ideology Inflation

Don Boudreaux calls this post “one of the most disingenuous that [he’s] ever read.” I wouldn’t go that far. It’s certainly mistaken, but I don’t think it’s disingenuous. By which I mean that I think the author really does believe that he’s advancing a fair argument against the case for free trade, it’s just that…

Close, but no Olive Branch

Noah keeps sending me links to Glenn Greenwald articles that purport to show that Greenwald isn’t just some partisan hack – he has integrity. And this effort has succeeded: in each case, Greenwald takes a position on the new Administration that is appropriately critical of what he (rightly) sees as dangerous hypocrisy on national security…