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

Gerrymandering the Jobs Bill

op ed by run75441 Think Progress offers a look at relevant parts of the ‘jobs bill’. In the US, the winds of Washington Politics don’t blow, they suck. Gerrymandering the Jobs Bill: “The piece of the jobs bill Republicans will pass would end a requirement that the government withhold three percent of the cost of […]

Health and (or rather of) the Gingrich Campaign

All You Need to Know about Newt The Gingrich health center’s support for such a mandate was part of an “Insure All Americans” plan that appears to have disappeared from the center’s Web site Thursday. See that there is nothing here http://www.healthtransformation.net/cs/insure_all_americans But it is still here Key quote Require that anyone who earns more […]

The Gold Index, April 1933 – February 1934, Courtesy of Scott Sumner

By Mike Kimel The Gold Index, April 1933 – February 1934, Courtesy of Scott Sumner I’ve been having a bit of a back and forth with Scott Sumner of The Money Illusion over the degree to which monetary policy, in particular the devaluation of the dollar, affected the economy in 1933. (My most recent post […]

Comments on Inequality, Leverage, and Crises

Clifford Clark’s post at ataxingmatter* is worth a more complete look. This also brings to mind Steve Keen’s work on private debt and the economy on his blog Debt Watch as well as Lane Kenworthy’s exploration of poverty and severe poverty at Consider the Evidence, and Angry Bear Robert Waldmann’s recent posts here and here. […]

The Hill reports on "supercommittee"

by Linda Beale The Hill reports on “supercommittee Alexander Bolton reports that “With Supercommittee Deadlocked, leaders Reid and Boehner meet“, The Hill (Nov. 15, 2011).  Reid (Dem) and Boehner (GOP) met Tuesday, but aides told The Hill that “They’re not about to dive in” to the negotiations.  But as the committee seems to be at […]

Scaling to New Depths* with Scott Sumner

by Mike Kimel Scaling to New Depths* with Scott Sumner I’ve been having a bit of back and forth with Scott Sumner. Here is his latest post, helpfully entitled: “A suggestion for Mike Kimel.” His key suggestion: “Please take a close look at the data from the Great Depression, before doing more posts claiming I […]

Federal regulation versus jobs…not much there

The Washington Post points us to a study on the overall impact of regulations and jobs: The critique of regulations fits into a broader conservative narrative about government overreach. But it also comes after a string of disasters in recent years that were tied to government regulators falling short, including the financial crisis of 2008, […]