Relevant and even prescient commentary on news, politics and the economy.

Who do you work for?

Who do you work for? The one-handed economist, David Zetland Economists assume that people work for themselves first, i.e., accepting payment (extrinsic motivation) to do something they would not do if they were not paid. But that “model” ignores the role of intrinsic motivation (we do what we like) which plays a role — large or small — […]

Just some news from Reporting in Letters from an American

Full article at the link. Last night Prof: Heather Cox-Richardson reporting in “Letters from an American” a comment made by Tucker Carlson to Egyptian journalist Emad El Din Adeeb. Carlson emphasized an equivalency of American leaders to Russia’s Putin. My Letters Take . . . “Every leader kills people . . . Some kill more […]

Computerized Systems can be compromised by Cyberattacks

I took the story from a NBC News article written by Kevin Collier, “Parents struggle after Lurie Children’s Hospital cyberattack.” Quelle Surprise as one blogger used to say from time to time. What else is new? This was bound to happen. The issue(s) as I see it, is/are what is the backup(s) to the system? […]

John Maynard Keynes Doesn’t Seem to Know What He Means by the Word “Spending”

Is investment spending “spending,” or isn’t it? Steve Roth (@ Wealth Economics) J.M. Keynes’ brief Preface to the French edition of General Theory is sometimes held up as the most concise, cogent, and coherent expression of his economic understandings. It achieves that, but in doing so it also reveals a core incoherence in that thinking. An obligatory nod here […]

Social Security has Nothing to Do with Debt or Deficits

Dale Coberly lead-in to his discussion on Social Security is something which has been debated back and forth by politicians, those who wish to cut it, those who seek to end it, and those who have done all of the above such as Andrew Biggs. Social Security for the today’s elderly and those who will […]

USPS tells regulator, “mind your own regulations”

This has been going on several years now and Angry Bear has been featuring Steve Hutkins from Save The Post Office and also former North Carolina Postmaster Mark Jamison. The battle goes on as big business through Louis DeJoy attempt to bring their vision of how a Post Office should be managed. The USPS is […]

A national unity ticket?

Democracy and world peace have had a very bad week. The special counsel’s unprofessional, partisan decision has put Biden’s age and mental status front and center in the presidential contest.  Most commentators agree that it is up to President Biden to dispel doubts about his fitness, primarily by making himself more available to interviewers and […]