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

The return of disposable time: time filled with the presence of the now

Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.9 by Tom Walker Econospeak Framing the revolution as being about disposable time brings Marx closer to Walter Benjamin’s remark about revolution being “the act by which the human race traveling in the train applies the emergency brake.” Benjamin’s “On the […]

“lawsuits alleging that OxyContin sparked an opioid epidemic”

I have been writing on the Opioid epidemic for years. I was asked to write on it by some organizations. SCOTUS tossing the settlement may be due to the settlement releasing the Sacklers from any liability in promotion and the sale of Oxycontin, etc. Supreme Court tosses opioid settlement worth billions for states, victims, USA […]

The picayune approach to statutory interpretation and the war on the regulatory state:  the case of bump stocks

Imagine that Congress wants to address some social or economic problem by prohibiting certain undesirable acts.  One approach Congress can take is to specifically describe the undesirable behavior and prohibit it.  This approach sometimes works well – it is the basis of traditional criminal law – but it has two great disadvantages.  First, in many […]

House prices – especially for existing homes – compared with wages remain near or at all-time highs, so existing homes make up less of the market

 – by New Deal democrat One item I meant to address with this week’s existing and new home sales data was the relative difference in price in the two, and the effect on the relative share of the market.  I am following up now because yesterday Kevin Drum put up a post yesterday in which […]

The taxing difference, Biden’s is progressive. Trump’s is regressive

I am the recipient of Robert Reich’s commentaries which I have posted here on occasion. Mostly, this is to introduce other information which may differ than mine, to seek comments from people who read it, and to seek on topic comments here. It may seem like we are grouchy at times. Much of which is […]

The Rising Burden of Government Debt

By Daniel Bergstresser Econofact Second of two commentaries on Government Debt. This commentary does mention tax policies since 2000 which reduced revenue. The latest passed in 2017 as advocated by trump and supported by Congress. It passed under Reconciliation. The failure to balance out the debt created by the tax reduction with revenue achieved through […]

Advocating the revaluation of values so socially available free time would become the measure of value

Tom Walker or Sandwichman (many of us know him as) has a series of articles I am going to post to Angry Bear. Tom spends much of his time discussing Labor and its value to capital or what I would call manufacturing. Without Labor input there would be no value. Leisure to Attend to Our […]

New home sales and prices continue range-bound in May, while new homes *for sale* make a 15 year high (and that’s good!)

 – by New Deal democrat We finished housing data for the month with this morning’s report on new single family home sales and prices. As I usually point out, new home sales are the most leading of the housing construction metrics, but they are noisy and heavily revised.  That was true again in May. Sales (blue […]

How can getting food into Gaza be up for debate?

From the NYT: I am not sure what the claim is here.  If the idea is that Hamas will get political credit if people do not starve, this is a totally unacceptable reason to withhold food.  Maybe the worry is that Hamas will gain political leverage by monopolizing the distribution of food aid and distributing […]