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Fred Williams

The Federal Reserve's Money Orgy

Hey Don, look what Taibbi had to say about Hayek this week: http://www.rollingstone.com/politics/blogs/taibbl… "By the way, I have read The Road to Serfdom, and to me it’s right up there with The Fountainhead, Cherneshevsky’s What is To Be Done?, and Beck favorite The 5000-Year Leap on the all-time list of pretentious, badly-written Bibles of political quackery." (I've not got a dog in this fight, personally, just found the rap video quite enjoyable...I'm interested nowadays on how epistemological biases influence economic decisions, evolutionary/bahavioral economics -- theorists like Hayek and Keynes are becoming irrelevant with the last decade's advances in cognitive science, just as much as the last decade's economic modeling failures.)
— May 4, 2011 5:02 a.m.

The Federal Reserve's Money Orgy

Don, for a bit of relief from what is a steady drone of depressing financial news, take a few minutes to watch the latest "rap" video from Econ Stories TV. http://econstories.tv./ Yes, it's Keynes v. Hajek, Round 2...more economic theory in eight minutes than is taught in college today. Best, Fred
— April 30, 2011 5:17 a.m.

San Diego Redevelopment: They Prey, We Pray

Some say "if the money isn't captured by CCDC, it's lost to Sacramento". In fact, the money would go directly to local San Diego schools. In the case of CCDC's demise, the money would go directly SDUSD and the County Board of Education. As it stands now, CCDC TAKES money from the local schools, and then Sacramento is legally obligated to make up the shortfall. Low income housing is what CCDC claims to have provided over the years. They'll get together with the Housing Commission (whose board is made of political hacks) and announce they've built thousands of units. Look into the details, however, and you'll find that they're double counting, mislabelling "affordable", ignoring how many of the really desirable units were picked up by staffers and their friends or family...and on, and on. CCDC and the developers will claim that it's only through their near-divine intervention that we have Horton Plaza, Gaslamp, the "thriving" ballpark district...ad nauseum. Don Bauder has documented how Horton Plaza is a money loser. Gaslamp is basically bars, restaurants,and nightclubs...great fun, but not something to call an economic engine. The ballpark is costing taxpayers $25M annually. Those "luxury" condos built with CCDC money are still too expensive for any sane person to buy, so they sit empty. It's a shell game. Fraud. Immoral, unethical, illegal, and still unprosecuted or unpunished. If the legal community refuses to take action, it's time for the religious community to jump in and condemn what is so obviously an abomination in San Diego.
— April 13, 2011 10:29 p.m.

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