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

The events at the Capitol

The events at the capitol today are horrifying, and to many of us seem like the natural outcome of Trumpism and the morally degenerate enabling of the Republican party.  But the events today may well end up strengthening our democracy. I suspect that Trump has badly overplayed his hand.  The images of thugs running loose […]

The Wealth of a Nation

— One of Sandwichman’s good questions prompted my revisiting an earlier writing of mine on wealth (circa 2000?). Extensively revised to the extent that it is hardly recognizable; here is, a, second, best effort. Herein, the terms wealth and capital are thought of as being interchangeable. For thousands of years, humans lived off the bounty […]

Huge!

The wins in Georgia are huge. Now, if Alabama, Mississippi, and South Carolina can just come up with their own Stacy Abrams, we could see a snowball effect that would change American politics forever. Well, at least, for a long time. Some might think that this outcome along with its portents can solve the electoral […]

Zooming in on the Defects of PowerPoint

Zooming in on the Defects of PowerPoint  I’ve just finished several days of staring, hour after hour, at the year’s economics meetings via Zoom.  What really struck me, beyond the content of the talks, was the way Zoom exacerbates “death by bullet point”. PowerPoint’s capabilities encourage speakers to load up their slides with lots of text and […]

If Only Trump Had Not Tweeted!

Meet Brad Raffensperger. Take a moment and listen to all three clips. The first is at Crooks and Liars. In an interview with 11Alive reporter Brendan Keefe, the reporter asked Raffensperger directly: “If the president hadn’t tweeted, and tweeted something that was false, would we have ever heard that call recording?” Brad: “No, it was […]

November construction spending confirms building surge

November construction spending confirms building surge One of my consistent themes in the past few months has been how the housing market is priming the economy for strong growth in 2021 as soon as the pandemic is brought under control. In that vein, November construction spending surged, confirming what we have already been seeing in housing […]