Friday, August 12, 2011

The Edible Insect Industry Has Regulator Difficulties, Obama Finds a Clever Way to Move Away from Economic Issues, Tom DeLay wants a Government Shutdown,

Pure Quotations from the News That Do Not Need Much Comment 

the edible-insect industry as a whole faces another challenge: government regulations and

 quality standards do not exist. Peters is working to have bugs officially recognized as livestock. Right now, they are classified as agricultural waste.

Dinner - If the Feds Don't Regulate
it to Death

From The Atlantic, with thanks to Tyler Cowens’s Marginal Revolution.  Let’s hope those anti-regulations Republicans are right on top of this.

I’m still trying to make sense of this global intellectual failure. But the results are not in question: we are making a total mess of a solvable problem, with consequences that will haunt us for decades to come.

Paul Krugman on the lack of good economic thinking in the current economic difficulties.  This is listed under the title of “Dismal Thoughts”.  Welcome to my world Mr. Krugman.


Mr. Obama's Clever Way to Get the Economy Off
the Front Pages

“that was a very clever way of trying to get the economy off the front page.”

Fox News analyst Andrew Napolitano explaining the President’s trip to Dover AFB to pay homage to the Navy Seals killed in Afghanistan

They’re going to face another shut down. And hopefully this time they’ll let it shut down until they get what they want.

Former Republican House Majority Leader Tom DeLay on the fact that the government’s authority to spend runs out on October 1.

The USA is bigger, older, more Hispanic and Asian and less wedded to marriage and traditional families than it was in 1990. It also is less enamored of kids, more embracing of several generations living under one roof, more inclusive of same-sex couples, more cognizant of multiracial identities, more suburban, less rural and leaning more to the South and West.

From a USA Today article on differences between the U.S. in 2010 and 1990.  Next time tell us something we don’t know.

President Barack Obama and Fed chairman Ben Bernanke.
See if the Fed buys bonds, that lowers
interest costs, but don't tell Kristol

despite the profit have come from ZIRP (zero interest rate policy) as well as the fact that their
buying of $2.6 trillion of bonds has driven up the prices of the debt!!), the Fed is now powering ahead with more of the same.

An e-mail to Weekly Standard editor William Kristol from a businessman he respects.  Apparently the businessman does not know that driving up the prices of debt lowers the interest rate and the cost of borrowing.  Mr. Kristol may not know this basic fact either. Mr. Kristol may be an idiot. 

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