Greg Mankiw Calls It a 'Disappointing Recovery'

Really, that's what he said. He has the economics degrees and teaches at Harvard, so he knows some things, and this is not an effort to ridicule the gentleman.

But, then again, OS looks at the chart Dr. Mankiw published, shared below, and asks:

What recovery? What would a non-recovery look like on the chart? This looks like the behavior of a semi-deflated basketball, dropped on the gym floor from the balcony.

At what point do even the folks who live in the Harvard bubble look at reality and decide they've had enough of Obama, Pelosi and Reid? What level of suffering, in what proximity to Cambridge, Massachusetts will be required? What will the tipping point be?
(And, for all you tin-foil-hat types out there, just to be certain, this is not OS's oblique call for some nutter to do violent things to Harvard. No, no, no, no, no.)

Greg Mankiw Offers Friendly Advice To Our President For 2011

One would think that The-Beloved-Leader/Winner-Of-The-Nobel-Peace-Prize/Editor-Of-Harvard-Law-Review, would listen to a member of the Harvard economics faculty.

No need to speculate. He won't.

But, as a public service, OS passes Mr. Mankiw's wise words along.

Here.

Why Quantitative Easing Is A Really, Really, Really Bad Idea

Greg Mankiw, on the economics faculty at Harvard, is completing a book. This isn't news, since this is what he does for a living.

However, he is chasing one final detail--the identity and contact info for the photographer who took this photo in Zimbabwe, the 21st century's most audacious example of what Ben Bernanke and Da'Fed are subjecting us to in the United States.

Given the chaos and violence that overtook Zimbabwe, formerly that idyllic gem of Africa known as Rhodesia, this photographer may well be, well...dead.

It can happen anywhere, even in highly organized and cultured societies like Germany--the place that gave us Bach, Luther, Goethe, Schumann, Brahms--the list stretches on through all the arts and sciences, ended up with everyone wiped out and hauling wheelbarrows of notes to the market for a loaf of bread. Then someone came along and 'solved the problem'--little short guy with a moustache and a lot of pent-up hostility toward anyone who wasn't his kind of Aryan. You know, that guy...

Just because we're American, don't mean we're bulletproof. This really can happen here, and in his grumpier moments, OS suspects that TheClownCircus and WeimarBen are working toward that day. Just sayin'.

OS wishes Prof. Mankiw good fortune on his search.