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

FOLLOW-UP TO: “Instead of nominating Marco Rubio, the Republicans should just cut out the pretense and nominate his doppelgänger: Charlie McCarthy”

[Rubio] turned a question about his finances into an opportunity to retell his compelling family narrative, and then, into even sweeter lemonade: “I’m not worried about my finances, I’m worried about the finances of everyday Americans who today are struggling in an economy that is not producing good paying jobs while everything else costs more.” […]

Worst Socialist Ever part MMMCDLXIII*

I just notice that in the second quarter of 2015 US real gross private domestic investment surpassed US real government consumption expenditures & gross investment for the first time since the data have been collected (1947). The long era of US socialism as lead by Eisenhower, Nixon, Reagan and the Bushs has ended under raging […]

VSPs Get Their Way With Budget Deal: Social Security Benefits Are Cut

by Barkley Rosser     (Econospeak) VSPs Get Their Way With Budget Deal: Social Security Benefits Are Cut All the Very Serious People are jumping up and down and cheering.  We have a budget deal in the House and the debt ceiling is being raised and there will be no more artificial budget crises until […]

Instead of nominating Marco Rubio, the Republicans should just cut out the pretense and nominate his doppelgänger: Charlie McCarthy

Bill Clinton had a line during his 1992 campaign that he said, mantra-like, so often in fact that eventually it lost its meaning and was just a cringe-inducing song-like chorus.  The line, the slogan, was, “People who work hard and play by the rules.”  It was—until he repeated it to a point well beyond when people […]

Laubach & Williams do not see yet that Natural Real Rate is Rising

Yesterday a paper came out by John Williams and Thomas Laubach called, Measuring the Natural Rate of Interest Redux. They presented their model to determine the natural real rate of interest. In short, their model gives a steadily low natural real rate that would justify keeping nominal interest rates low. Paul Krugman jumped on board […]

The decline in prime age labor participation: the smoking gun (Part 1of 2)

by New Deal democrat   (Bonddad blog) The decline in prime age labor participation: the smoking gun (Part 1of 2) I recently wrote about the compelling evidence that the biggest reason for the decline in the prime working age labor participation rate was the increase in the number of second-earner spouses who decided to stay […]

Making a Difference in American Families’ Lives by Crying ‘Wolf’ about Sexism

“Her campaign has been about how to make a difference in American families’ lives – a cause she’s fought for her entire life,” said [Clinton campaign] spokeswoman, Christina Reynolds. “It’s a shame Senator Sanders’s campaign has decided to make the campaign about political attacks. Voters want to hear about how their candidate will fight for […]