(Dan here….lifted from comments, lightly edited for readability) by Dale Coberly I’ll offer my own answer to the question. (of Morality in Capitalism post here) “Capitalism” offers itself as the answer to morality. always in some version of the Ayn Randian “life is time and time is money so taxes are not only theft, they […]
(Dan here…re posted from March 7, Angry Bear) by run 75441 There are no loud guns shots in the middle of the night. No screams for help or sounds of cars speeding away. No police sirens or flashing lights. It is pretty quiet when someone ODs on Opioids unless someone finds them before it is […]
I almost always agree with Kevin Drum who is, among other things, a brilliant economist even thoug (or largely because) he didn’t study economics much in college. But I don’t entirely agree with his one minute explanation of the importance of the yield curve for macroeconomic forecasting. the ever-fascinating yield curve, which tracks the difference […]
(Dan here…From Esquire comes this note from the Boston Globe): We begin with good news up here in the Commonwealth (God save it!), where Attorney General Maura Healey, who does not punch down, has opened hostilities against the pharmaceutical companies that have raked in the profits from the opioid crisis. From The Boston Globe: She asserts that the […]
by Peter Turchin What Is the Role of Morality in a Capitalist Economy? published at Evonomics is worth a visit…it is academic but can offer material for discussion, involving several economists. I am not going to try to summarize.
The ACLU’s Ría Tabacco Mar reviewed a recent SCOTUS decision in the NYT. South Dakota is being allowed to murder a man rather than commit him to a life time of hell in a natural life sentence . Charles Rhines was convicted of murdering a man while robbing a Dunkin Donut store he used to […]
Gimme shelter update: housing purchase affordability Let’s update one measure of housing prices: comparing of the purchasing power of buyers vs. the price a typical house. There are at least 3 indexes. First, here is the N.A.R.’s “Housing affordability index,” updated through May. This compares their estimate of median household income vs. the median price […]
In my original post, I didn’t say much about the overt racist expression in Gomper and the A. F. of L.’s advocacy for Chinese exclusion. I guess that is because I read the stuff voluminously a couple of decades ago and it by now it just seemed to me it was common knowledge. Of course […]
Further comments about the state of the housing market Here are some additional salient comments about the housing market right now. 1. Existing home sales are completely stagnant Not only did existing home sales fall for the month, not only are they down slightly YoY, but they are now less than 2% higher than where […]