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

No Pi for You!

I promise to try posting more this weekend, but this one is just too good to pass up. Since most people don’t know it beyond three to six digits, today, 14 March (14.03)—er, oops, March 14 (3.14)—has been officially designated “Pi Day.” Ten Republicans voted against the (purely symbolic) designation: Chaffetz Flake Heller Johnson (IL) […]

RIlands Governor, Stimulus money means Trickle Down policy

by Divorced one like Bush So you have been reading about the southern GOP’ers that are refusing parts of the stimulus money. Something about being true to their crede. Well, we here in RIland have a GOP governor who is doing one better. He want the money! The problem is in how he plans to […]

Pro DeLong Contra Say

Robert Waldmann In this post below , I note that I find Brad DeLong’s analogy between the dot.com bubble, the housing bubble and the stimulus plan unconvincing. The post is poorly written, but the point is that in fresh water models rapid technological progress is very different from a demand shock, and, so, if one […]

Bernard Madoff Sentence

By Spencer Madoff is awaiting sentencing. It is a reasonable trade-off, 30 to 40 years of life as a multi-billionaire for spending the last 10-15 years of your life in a federal prison. Maybe what the Judge should do is not than sentence him to federal prison.. Rather what he should tell Madoff is that […]

RETAIL SALES REPORT

By Spencer, It is interesting how today’s report on nominal retail sales is being ignored almost across the board among the economic bloggers. January and February retail sales are above the December low. The three month moving average is still below the December moving average, but if the March report is decent the very low […]

Pro Say Contra DeLong

Robert Waldmann In fact, I agree with DeLong and don’t even have a clear idea who Say was (don’t know his first name do know he wrote before Ricardo). In standard economist speak Say’s law states that output can’t be below the quantity that people want to supply given wages and prices, that aggregate demand […]

Physician Office IT

by Rusty and cross posted from Health Care Think Tank Latest in Physician Office IT Who will lead the charge to install IT in physician offices? Sam’s Club and Dell. Huh? Sam’s Club will partner with Dell and eClinicWorks for software, hardware, training and maintenance. No joke. The system will integrate patient appointments and billing […]

Who gets to define what Social Security ‘crisis’ is?

by Bruce Webb The following three Tables are copied from the Liebman-MacGuineas-Samwick Non-Partisan Social Security Reform Plan to make a couple of points. One is that the plan authors are just not that into you, that is if you are a wage worker seeking a more comfortable retirement. They see crisis from a much different […]