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

Science and regulation

The Union of Concerned Scientists has just published a paper on science and governmental regulatory bodies and policy advisory panels. The United States has enjoyed prosperity and health in large part because of its strong and sustained commitment to independent science. As the nation facesnew challenges at home and growing competitiveness abroad, the need for […]

Not policy in the thread

My apologies for simply punting on the thread on Iraq, but I was not going to spend the time to evaluate each comment and post a note on why it was deleted. The policy was designed for individual and relatively infrequent use, not half the comments and taunts. Hence comments were deleted en mass, and […]

Bill Polley noticed that stats are getting worse. The news isn’t good. The PPI is on the rise. (MSNBC) WASHINGTON – Battered by bad economic news, consumer confidence plunged while wholesale food, energy and medicine costs soared, pushing inflation up at the fastest pace in a quarter century.The Labor Department said Tuesday that wholesale inflation […]

Real income growth trends

Making comparisons over time of how real income grows is a difficult proposition with many data problems. One recent study was able to show how a current family’s income when they were in their thirties compared to the income of the same individuals parents when the parents were in their thirties. This type of intergenerational […]

GCC regional currency discussions

Information Clearinghouse caught this item about ME banks and soveriegn funds (the same) de-pegging from the dollar to help curb their inflation woes. Alan Greenspan recommends doing so I believe. I think the current discussion on the US economy is much less thorough than need be.

How are we going to fix a money from money economy?

Just sounding the broken record: Money from money. I have posted about the share of our money coming from licensing agreements. I’ve posted Bogle’s opinion that we have $560 billion/yr loss because we focus to much on the finance end of making money. I’ve shown that there has not been enough money in the hands […]