Fausta's blog

Faustam fortuna adiuvat
The official blog of Fausta's Blog Talk Radio show.

Monday, April 18, 2005

Is J-Lo pregnant?
The interesting thing, if you want to call it interesting, about a question like that, which speculates about something that will be easily verifiable in the future is that sooner or later you will be able to verify the outcome. The question doesn't get asked only when speculating about the possibility of the starlet-du-jour's pregnancy, it's also asked by economists.

Krugman smells A Whiff of Stagflation. Considering his economic analysis/prognostication in the Times for the past two years, one can say he's optimistic. He defines stagflation as "rising inflation in an economy still well short of full employment", which brings back memories of the many hours I spent in economics classes back in the days (and those days weren't so far ago) when full employment was anything below 6%, and considered a pie-in-the-sky ideal.

Kudlow sees the Recovery Intact. His analysis is more detailed and cogent, and states a stronger case than Krugman's unseen/uncounted "unemployed who aren't looking". Kudlow has repeatedly stated, "To maintain economic growth, and preserve lower tax rates, there's no time like the present to pull out a budget knife and start carving down overspending." That would really bring growth and prosperity to our country.

So far the record shows that Kudlow's been right more often than Krugman. Let's hope he continues. Don't miss also Kudlow's take on The Perils of Protectionism, from RealClearPolitics

Meanwhile, Lech Walesa asks, Was the Pope Polish?. The Pope wasn't the only one going against what so-called experts believed. Victor Davis Hanson examines a litany of past failure from Our Not-So-Wise Experts

As for J-Lo's life, whatever.

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