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

Latest
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: admin@atomicart.com

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:
cover
The Happy Body
Aniela and Jerzy Gregorek

What I'm listening to:
cover
Langley Schools Music Project

What I'm watching:
cover
Star Trek

What I'm playing:
cover
Speed Racer

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Copyright 2002 thru 2009
Donald L. Luskin
don-at-luskin-dot-net
All rights reserved.
"The Conspiracy to
Keep You Poor and Stupid"
and "Krugman Truth Squad"
are trademarks of
Donald L. Luskin
www.poorandstupid.com

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!

Friday, December 05, 2008

CAPITALISM IS NOT DEAD   These guys aren't going to go begging for TARP money!

Posted by Donald L. Luskin at 10:40 AM | link  


Thursday, December 04, 2008

THE SIMPLE TRUTH  

Christmas is when kids tell Santa what they want, and adults pay for it.

Deficits are when adults tell the government what they want, and their kids pay for it.

Thanks to Jameson Campaigne.

Posted by Donald L. Luskin at 4:37 PM | link  


Wednesday, December 03, 2008

BLOWING THE WHISTLE ON RUBIN   For all the Democrats' decyring of excessive executive compensation, and blaming the current credit crisis on the Bush administraion, Clinton's Treasury secretary Robert Rubin stands out as a major embarassment. From this morning's Journal:
On October 18, 1999, Citigroup announced that former Treasury Secretary Robert E. Rubin was joining the firm. But what exactly would Mr. Rubin do at Citigroup? ...As a great man of finance, Mr. Rubin would be paid CEO money -- a total of $115 million since 1999, not including stock options -- but without having to run a business or be accountable for the results... The virtue of this arrangement for Mr. Rubin has become manifest during the current panic. While Mr. Rubin has acknowledged that he promoted the disastrous idea of exposing the bank to greater risk to boost profitability, his "no line responsibilities" job description now allows him to blame the line managers for the consequences of his ideas.

Citigroup shareholders have suffered losses of more than 70% since Mr. Rubin joined the firm. To this day, he appears unable to say what exactly he did for the $115 million that he took out of Citi. "I think I've been a very constructive part of the Citigroup environment," he recently told the Journal, in defense of his tenure. Try selling that line at your next annual performance review, especially when asking for an eight-figure salary.


Posted by Donald L. Luskin at 9:09 AM | link  


Monday, December 01, 2008

WARNING TO PAUL KRUGMAN: DON'T VISIT LATVIA   If spreading untruthful information is a crime there, then he's in big trouble:
RIGA, Latvia -- Hammered by economic woe, this former Soviet republic recently took a novel step to contain the crisis. Its counterespionage agency busted an economist for being too downbeat.

"All I did was say what everyone knows," says Dmitrijs Smirnovs, a 32-year-old university lecturer detained by Latvia's Security Police. The force is responsible for hunting down spies, terrorists and other threats to this Baltic nation of 2.3 million people and 26 banks.

Now free after two days of questioning, Mr. Smirnovs hasn't been charged. But he is still under investigation for bad-mouthing the stability of Latvia's banks and the national currency, the lat. Investigators suspect him of spreading "untruthful information."


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