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Why do some people seem so afraid of modern monetary theory? Some central bankers feel threatened by the theory, as it shows that good economics and sound policy do not have to be shrouded in obscurantist cant By James Galbraith As anyone who has ever been responsible for legislative oversight of central bankers knows, they do not like to have their authority challenged. Most of all, they will defend their mystique — that magical aura that hovers over their words, shrouding a slushy mix of banality and baloney in a mist of power and jargon. As a result, tormenting central bankers is great f...

Zachary Adams When researching my last article on the Ladonia Square I came across the City of Ladonia website and noticed something interesting on the about section of the city. The second paragraph begins by stating that “The future of Ladonia involves the building of Lake Ralph Hall…” The text goes on to describe how the lake will bring in new economic opportunities to Ladonia, but will it? I think it is important to look at the history of the last reservoir project in Texas conveniently right up the road from Ladonia at Cooper Lake also known as Jim Chapman Lake, as well as look b...

“They are the only ones that applied,” said the group’s secretary, Rolin McFee. The Riverbend district’s head, Kyle Dooley, will be the first new administrator for the planning group since the first water planning cycle over 20 years ago, replacing Walt Sears. Sears, who said at the October meeting he planned to retire sometime within the next five years, recommended Dooley and Riverbend at the time. “They will be as large or larger than the district I work for,” he said. “It is foreseeable that Kyle could be there for the next cycle and then some.” Riv...

-- it is to remember what people's partisan affiliation was. so patman, he was a democrat, so it matters that there was a democratic majority on that committee. nixon, yes, i remember that he was a republican, but you start to lose track of affiliations over time. in the moment when watergate was wending its way through the first term for nixon and the start of the second term, how strong were the partisan affiliations in terms of people standing by him, or in terms of people who were suspicious about what happened? >> not like a straightforward answer. there were partisans that stood with nix...