Not to be outdone by the U.S. Treasury, the Financial Post has generated its own  Stimulus Canada offer for interested parties. Chapeau bas to Terry Corcoran, Stimulus Czar.

In a Japan column I take a pass at explaining the Construction  State. Much of this was described — in gorgeous depth — by Alex Kerr in “Dogs and Demons.”  Also check out “Broken Buildings, Busted Budgets” by Barry LePatner, T Jacobson and Robert Wright.

Courtesy of Larry Eubanks of the University of Colorado/Colorado Springs et al, a picture of where this past year fits in the history of markets.

For some reason I have the Schechters on the brain. They are the family of chicken butchers who stood up to the New Deal.  I’m also teaching them this week in my NYU class. My Schechterism is shared by  least one reader, an Austrian, apparently.  Thank you, Austrians. I’m gaining more respect for you every day. I can feel myself turning into an Austrian.

Over the weekend Dr. Krugman blogged some more about the shortcomings of my analysis of Keynesianism. He was responding to a WSJ piece by me.  Simon Constable of Dow Jones is making a video editorial today too.

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