1. Republicans and Democrats were arguing about less than 1% of the budget. What if they were serious about reduce the deficit?
2. I was hoping the government should shut down for at least a week. I was hoping to go ride my bike on Skyline Drive through Shenandoah National Park without any cars on the road.
3. The Washington Post liberal blogger, Ezra Klein, thinks the U.S. should go deeper in debt (read the last paragraph).
4. The Fed’s weak dollar policy is working to make the dollar toxic. Central Banks do not want to hold dollar reserves.
5. Rising oil prices are beginning to hurt the U.S. economy.
6. Ezra Klein is arguing for more of the vicious cycle we have seen—more spending, which leads to an even weaker dollar, which leads to things like rising oil prices, which hurt the economy.
7. I advocate a different fiscal policy and monetary policy—just stop it. The Federal government needs to stop spending beyond its means and the Federal Reserve needs to stop its weak dollar policy (what it calls Quantitative Easing). Will there be some pain? Yes of course. But thing will recover more quickly and with less pain that the continuing fiddling through profligate spending and weak dollar, pro-inflationary policy.
8. Some Keynesians are starting to see “cracks in their paradigms.” Thank goodness.
9. Here’s a health care plan I can support.
10. The Hell of the North, otherwise known as Paris Roubaix, start at 7am (I think 7am) on Versus.

