Heckonomics: The Bailouts

Congress, the Treasury Department, and the Federal Reserve have offered up trillions of dollars in bailouts in recent months. Not one dime was included in an appropriations bill. My Heckonomics column this week asks, "Where the heck is this money coming from? Read the answer here.

Who the Heck is Keynes, and Why Is he Being Resurrected Now?

One trillion dollars in stimulus spending. Bailout after bailout. Democrats and Republicans alike tout government spending as the solution to our economic woes. The old lament or cheer goes "we are all Keynesians now."

Who the heck was Keynes? What did he prescribe. That's what I address in this week's Heck-o-nomics?

So, this is the sort of man Keynes was. He was very bright and very confident that smart enough people of good will could solve the world’s problems as long as they were able to dismantle the prejudices of culture and control the behavior of the unwashed. And today we’re told that he is making a comeback, and that we are all Keynesians now. What the heck could that mean?

Read the whole thing here, at Culture11.

Heckonomics: Bankruptcy

Ever wonder just what "bankruptcy" entails, how bankrupt companies continue to exist, and what it would mean if GM went bankrupt?

I explain it all at Culture11 today, in my Heckonomics column, "Bankrupt! What the heck is bankruptcy, and should GM get it."