John Maynard Keynes

Pouring More Concrete Just Increases Traffic, Part The Millionth

In Other News, Water Is Wet

  Department of Duh: Five years ago this month, a northbound carpool lane opened on the 405 freeway, between the 10 and 101 freeways, widening 10 miles of the interstate. It took half a decade to construct and cost more than $1 billion. Since then, average northbound drive times through the Sepulveda Pass have increased at all …


Niall Ferguson, Climate Smear Artist

Big kerfluffle over the weekend concerning remarks by right-wing Harvard Professor Niall Ferguson, who claimed that Keynesian economics is not concerned about the future because Keynes himself was gay and didn’t have children.  Now, not only is this bigoted, but it is untrue on its own terms: Keynes was married, he was childless because his …