Since my current governor (and your future President) is a brain-dead idiot who does not believe in the free market or taking responsibility for his actions, we are one of the many states whose PPACA sign-up website is run out of healthcare.gov. Here’s a screen shot of my attempt to create an account 25 minutes […]
One thing that is seen sometimes is a strange teaching in economics and business. The teaching says that lower costs of production will increase the natural level of real GDP output. Now the natural level of real GDP output is considered the limit at which the economy can produce. It is seen as the total […]
by Linda Beale Dear GOP: a Daily Kos staff reminder on the constitutional process for changing the law The Tea Party/GOP coalition has often talked about the importance of the Constitution, but one can’t help wondering if the recent extortionist behavior doesn’t belie that, when the governnment shutdown it has caused as a means of […]
On October 2, 2013 Chris Hayes had on Larry Kudlow to discuss the economics of the government shut down. All I can say is, I could not believe he was the one Chris went to for insight. Maybe he had to because, you know, Kudlow is related to him via the network they work at. But really, […]
Even if inflation (CPI less food and energy) stays steady between 1% and 2%, there really is no problem. Prices are still rising. Paul Krugman would like to see inflation rise because that would lower real interest rates. But that is not going to happen, and he shouldn’t be expecting that it will. Is there […]
In a previous post, I wrote about a natural rate of inflation. Does it really exist? What would it look like? We could understand a natural rate of inflation as the inflation rate at which the economy can most efficiently progress in terms of social benefits and costs. Some benefits are more employment, greater growth […]
Using data from Census Bureau Historical Income Table H-08 and CPI data from FRED (index 1982 to 84 = 100), I was able to calculate real median household income (RMHI) from 1984 to 2011. Graph 1 shows the results – annual data. Graph 1 RMHI – First View – 1982-4 $ Except for […]
Affordable Care act versus Obamacare Act I will give you, there is nothing within this bill that is easy to understand. Along with Maggie Mahar and others, I took the time to read the act and attempt to understand it which even today causes me fits. As shown in this clip, many people can distinguish […]
Sorry for the late posting….but no access till now.