Why does this happen in every economic downturn? The states splurge and splurge. And the second the economy tumbles, they scream poverty. Correction. I understand why they do it. Why does the press not call them on it?
Look like New Orleans is following New York’s bad example. Drumming up conviction rates by throwing minority pot smokers in prison. Why is Barack Obama not talking about this?
Megan McArdle defends oil speculators. I don’t know enough to really comment but I do know that banning oil speculation crosses me as (a) impossible and; (b) a ripe target for unintended consequences.