The Conspiracy to Keep You Poor and Stupid is a trademark of Donald L. Luskin

Media Infiltrations:

Republicans and the Populist Temptation
Wall Street Journal
February 9, 2010
Why Taxing Stock Trades Is a Really Bad Idea
Wall Street Journal
January 6, 2010

Krugman Truth Squad logo, courtesy Tom Miller, Atomic Art:

Peter Sellers and Peter Bull in ''Dr. Strangelove'' Columbia Pictures, 1964 -- Click to order!

"What has been your worst blogging experience?
Donald Luskin."
-- Brad DeLong

"That's a guy who actually stalks me on the Web and once stalked me personally."
-- Paul Krugman

"I'm saying this...guy's a jerk."
-- Charlie Gasparino

What I'm reading:
The Happy Body
Aniela and Jerzy Gregorek

What I'm listening to:
Langley Schools Music Project

What I'm watching:
Star Trek

What I'm playing:
Speed Racer

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Thanks to Irwin Chusid, public editor.

Copyright 2002 thru 2009
Donald L. Luskin
All rights reserved.
"The Conspiracy to
Keep You Poor and Stupid"
and "Krugman Truth Squad"
are trademarks of
Donald L. Luskin

Logo by Tommy Carnase 1995

"The road is cleared," said Galt.
"We are going back to the world."
He raised his hand
and over the desolate earth
he traced in space
the sign of the dollar.

From Atlas Shrugged
by Ayn Rand

From each as they choose,
to each as they are chosen.

From Anarchy, State and Utopia
by Robert Nozick

"there is some shit I will not eat"

From i sing of olaf glad and big
by e. e. cummings

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Chronicle of the Conspiracy
Join us as we discover, document, expose and challenge the bad people, the bad institutions and the bad ideas that stand in the way of wealth creation -- and show you how to fight back!

Saturday, November 22, 2008

NORMALLY I DON'T USE SPORTS METAPHORS   From Investors Business Daily:
Don Luskin, chief investment officer of TrendMacrolytics, had expected Obama's win to give the nation a quick shot of confidence.

But Obama "has kind of absented himself from this debate," starting with his first post-election press conference, Luskin said. Flanked by a small army of prestigious economic advisers, Obama "did the windup, but he didn't pitch."

Posted by Donald L. Luskin at 8:07 PM | link  

Friday, November 21, 2008

STEELE INTERVIEW   Great interview with Shelby Steele on how Barack Obama successfully used race to get elected. Steele remains the most acute observer of the strong underlying current of shame in the American character, and how exploiters from Al Sharpton to Obama take advantage of it. Thanks to James Allen for the link.

Posted by Donald L. Luskin at 12:07 PM | link  

LAFFER EXTENSIONS   Marty Holloway performs some simple but very thought-provoking transformations of the Laffer Curve. Students of supply-side economics, take note.

Posted by Donald L. Luskin at 9:22 AM | link  

HAVE THEY NO SHAME?   The Wall Street Journal on some of the dirty tricks Al Franken is using to steal the Minnesota senatorial election:
Opening up the rejected-ballot question is also a recipe for potential fraud. When the Franken campaign filed its initial lawsuit demanding access to the voter lists, it used as an example an 84-year-old woman in Beltrami County whose vote was supposedly rejected because she'd had a stroke, and therefore her signature on her absentee ballot did not match the one on file. After some outside investigation, the Franken campaign admitted that the story was not true, and that her ballot had been rejected for entirely different (and legitimate) reasons.

Posted by Donald L. Luskin at 8:59 AM | link  

Thursday, November 20, 2008


Thanks to John Wallace.

Posted by Donald L. Luskin at 11:48 AM | link  

CHANGE THIS!   Obama ran on a platform of "change," and was fond of pointing out how horrible everything is -- that is, how much it needs his "changing." OK, let's hold him to it. Here's the benchmark. On election day,
The inflation rate was 3.7%
Unemployment was 6.5%
The prime was at 4%
The Dow closed at 9,625
The NASDAQ closed at 1,780
The S&P closed at 1,005
Oil was $60 a barrel.
U.S. monthly domestic oil production: appx 155 million barrels
U.S. proven oil reserves: 21.3 billion barrels
U.S. offshore proven reserves: 3.9 billion barrels
Thanks to David Duval for the link.

Posted by Donald L. Luskin at 8:52 AM | link  

Tuesday, November 18, 2008

KUDLOW REPLAY   Here' the YouTube video of tonight's appearance.

Posted by Donald L. Luskin at 11:29 PM | link  

Sunday, November 16, 2008

AT LEAST NOW THAT OBAMA IS ELECTED...   ...we don't have to hear about how great the economy was thanks to Bill Clinton, and how George W. Bush destroyed it the moment he took the presidency. Here is Clinton himself with a version of that lie:
They took us from record surpluses to an exploding debt; from over 22 million new jobs to just 5 million; from increasing working families' incomes to nearly $7,500 a year to a decline of more than $2,000 a year; from almost 8 million Americans lifted out of poverty to more than 5.5 million driven into poverty; and millions more losing their health insurance.
Now that the Republicans are out, we get treated to whole new Democratic lies about the economic history of the United States, re-tailored to meet the political needs of moment -- that is, to move everything way to the Left, not just back to where Clinton had it near the center. Here's Dean Baker, the uber-Leftist econo-hack and Big Labor tool, with the new narrative. Okay everyone on the left, press your "record" buttons and listen carefully. This is what you are all expected to parrot constantly, starting now.
Rather than handing George Bush a booming economy, Clinton handed over an economy that was propelled by an unsustainable stock bubble and distorted by a hugely over-valued dollar...

It is important to separate Clinton-era mythology from the real economic record. In the mythology, Clinton's decision to raise taxes and cut spending led to an investment boom. This boom led to a surge in productivity growth. Soaring productivity growth led to the low unemployment of the late 1990s and wage gains for workers at all points along the wage distribution.

At the end of the administration, there was a huge surplus, and we set target dates for paying off the national debt. The moral of the myth is that all good things came from deficit reduction.

The reality was quite different.

Posted by Donald L. Luskin at 1:41 PM | link