Glenn Beck vs. Keith Olbermann: Watching either of their shows brings us uncomfortably near the absolute epitome of douchebag, but alas, when push comes to shove, only one can be the victor. Here I will discuss their individual merits and try to determine who can rightfully claim the throne in all of its douche-filled glory… But when the chips are down, we all know that it is either Keith Olbermann or Glenn Beck who will hold the crown of greatest douchebag in the history of the world.

The differences between different economic systems, explained via cow distribution… Hmmmm:

According to estimates by the nonpartisan Tax Policy Center, 47% of U.S. households are projected to owe zero federal income tax in 2009. (1) Is this good, bad, or inconsequential?

If one group of economic actors can do something, why can’t another? If banks can create money out of thin air to lend, why can’t borrowers create money out of thin air with which to pay back said debts?

You can see my take on the housing/financial crisis in Part 1 and Part 2 of my series on the subject. In this video, renowned economist, Thomas Sowell gives a brief explanation of who caused the housing bubble. A longer version can be found here and you can check out his new book on the subject; The Housing Boom and Bust.

Anna Schwartz weighs in on the Federal Reserve’s actions in stemming the crisis.

We got some grim news today. According to Treasury Spokesman Ronald Schuler, speaking at a live press conference carried by the prestigious Onion News Network, all of our currency is extremely unsafe, will probably kill us and therefore must be recalled:

Said simply: the factors of production must be handled by free enterprise. The more factors of production the government seizes, the less efficient we become. Inefficiency lowers productivity, stifles competitiveness and lowers living standards.

With news of a “pay czar” coming down the shoot, this makes upward of 20 such top officials who answer directly, and only, to President Obama. These people may claim executive privilege, while simultaneously working free from the checks and balances of the legislative and judicial branches of government. In addition, it adds to a growing pool of unelected officials in Washington, who have no reason to be accountable to citizens.

The May numbers are out and the United States lost over 500,000 jobs last month. The Dow Jones may have rebounded some, but every liberal, and most conservatives, will tell you that just affects those evil rich people. Average folks are still losing their jobs despite bailout after stimulus after bailout, etc.