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

History About “Thanksgiving” Day

Reading Prof. Heather Cox Richardson’s take on American history always reveals something I did not know. misunderstood, or what I wanted to know of about. There is a message here which I believe applies to the events occurring in the United States today. I subscribe to Prof. Heather’s Substack and find her words to be […]

Jobless claims continue recent trends, do not suggest any worsening of unemployment

– by New Deal democrat With the end of the government shutdown, jobless claims are fully updated and back on their regular schedule. And this week, there was more of the same. Initial jobless claims were down -6,000 to a very low 216,000, and the four week average declined -1,000 to 223,750. With the typical […]

The Economies of Biden and Trump . . . Similar?

Inherited Economies Biden and Trump, Patreon – by Dean Baker Donald Trump may not be able to remember what things were like five years ago, when he handed the economy and the country to Joe Biden, but it is important that the rest of us do. As in so many other areas where Trump tries […]

Ah, Tennessee

I lived in Tennessee from 1958, when my parents moved to Oak Ridge, until 1977 when I moved to Chapel Hill NC to start grad school. While these might be considered my “formative years,” I don’t consider myself a Tennessean. Judged by number of years spent in a state, I’m Missourian, since I lived in […]

Forever Contaminants Such as PFAS

This report from Environmental Health News (EHN) is 3= years old. I would regard it as relatively accurate in 2025. In Livingston County Michigan, the lakes were polluted with types of PFAS and many of the fish caught in lakes such as Strawberry lake carried PFAS. Unknown to many, people were eating the fish. I can not […]

NVIDIA’s Distinction: Is there an AI bubble?

In The Theory of the Leisure Class, Thorstein Veblen coined a number of terms that have become terms of art: conspicuous consumption, conspicuous waste, pecuniary emulation, invidious comparison, and invidious distinction. He introduced the latter term as it pertained to different kinds of employment in a “higher barbarian culture”: …the distinction between exploit and drudgery […]

Producer prices in September told a tale of goods vs. services (plus; programming note)

 – by New Deal democrat First, a scheduling note. Several data releases have been made this morning. Several more delayed releases having to do with housing *might* be released tomorrow. Alas, the very late Q3 GDP report is not going to be released at all until the end of December. There will be no releases on […]

Economics of PhD training

My wife and I did our PhDs at the University of North Carolina at Chapel Hill. It took us five years after we finished undergrad. “Typically, the philosophy department at Boston University funds PhD candidates for up to seven years. Grippo, who uses they/them pronouns, started PhD coursework in 2019, and as of September, still […]