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

“One in 31 Adults”

by reader Run “One in 31 Adults” are under the control of the correctional system (prison, parole, probation) according to a March 2009 Pew Center Report of the same title. 1 in every one hundred adults are imprisoned in jail, state prisons, or federal facilities. 25 years ago those under the control of the correctional […]

Real Ryan Roadmap: Tax Freedom for Billionaires

by Bruce Webb The Ryan Budget Roadmap was introduced in January, and then sank like a stone. But with Ryan’s appointment to the Catfood Commission it and its author have drawn some new attention which borders on fawning. Or at least part of the plan has drawn attention, that part which would privatize Social Security […]

My mission is to restore America’s great middleclass

AlterNet / By Elizabeth Warren Elizabeth Warren: My Mission Is to Restore America’s Great Middle ClassAt Netroots Nation, Elizabeth Warren spoke about how the new Consumer Financial Protection Bureau could help protect the U.S. economy. August 1, 2010 | Editor’s note: The following is a speech delivered by Elizabeth Warren at Netroots Nation 2010. Check […]

Elena Kagan vs. Pat Lykos

by Beverly Mannoriginally posted at The Annarborist Elena Kagan vs. Pat Lykos Dahlia Lithwick, in Slate writes: At the Citizens United [v. Federal Election Commission] argument last fall, Roberts openly criticized Kagan for abandoning one rationale for restricting corporate campaign spending and then pummeled her again in his concurring opinion in the case, dismissing the […]

Misinterpreting History to Sell Eternal Mobilization.

by reader Ilsm Misinterpreting History to Sell Eternal MobilizationWashington Post, July 30, 2010, Pg. 19A Defense Budget Lesson We Never Learn, Max BootMax Boot, Jeanne J. Kirkpatrick seat at Council on Foreign Relations, describes a litany of tragedies rooted in alleged demobilizations including post American Revolution and the War Between the States. Each example is […]

The Non-Relationship Between Interest Rates and the Money Supply

by Mike KimelThis piece has been cross-posted at The Presimetrics Blog. The Non-Relationship Between Interest Rates and the Money Supply Figure 1 The graph shows that all but one recession since 1948 was preceded by a big drop in the real money supply per person over the length of a year. The exception – July […]

What is Happening In Italian Politics ?

Robert Waldmann This will be a long post as it is not easy to explain how Italian politics got this way to foreigners. First I will discuss recent developments. Later I will discuss the characters in the commedia and history. Until this week, Silvio Berlusconi was, on paper, a very powerful Prime minister with a […]