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

A Recent Correlation Regarding Political “Leadership” And The Coronavirus

A Recent Correlation Regarding Political “Leadership” And The Coronavirus  The recent correlation I have noticed, with others commenting on it also, is that some of the most prominent nations with the most rapidly rising rates of coronavirus infections are led by somewhat authoritarian leaders who have recently dismissed the threat of it and engaged in […]

So Much For May Day

So Much For May Day  Today is May Day. An ancient point of the Gaelic calendar marking spring, it was long marked by pagan fertility celebrations and rites, dancing around May poles and the like, with many variations on this in different countries. The day became associated with the worker’s movement in 1886 when in […]

Robert Mundell And Supply Side Economics

Robert Mundell And Supply Side Economics  The death of Nobel Prize winner Robert A. Mundell at age 88 has brought forth much discussion about his work and legacy.  Most of this discussion, such as several columns by Paul Krugman, have commented favorably on the work for which he was officially given the prize, several papers […]

Bellwether Bullard versus Sirenic Summers

Bellwether Bullard versus Sirenic Summers  So this is about the now getting to be passe topic of what will happen to inflation this year, with Larry Summers having gone out of his way to make a lot of noise in criticizing the expansionary fiscal policy partly passed but partly still under consideration in Congress as […]

Where’s The Beef?

Where’s The Beef?  Well, as we increasingly understand how environmentally damaging producing beef is, quite aside from lots of other issues, the proper issue should probably be, “nowhere.”  But back in the early 1980s a fast food outlet, Wendy’s (I originally said Arby’s) ran an ad with this line that indicated that the beef was […]

Keeping Fingers Crossed As US Commits To Removing Military From Afghanistan

Keeping Fingers Crossed As US Commits To Removing Military From Afghanistan  Yes, President Biden has bitten the bullet to remove US troops from Afghanistan by the 20th anniversary of the 9/11 attack that triggered our initial entry into that nation for our longest war.  Of course, we shall not quite be fully out as not […]

Of Battenbergs, Brexit, and Brogues

Of Battenbergs, Brexit, and Brogues  So, Philip Mountbatten, born Philip Schleswig-Holstein-Sonderbutg-Glucksburg, Duke of Edinburgh, Prince Consort of the United Kingdom, and many other titles, died peacefully at age 99 on April 9 about 2 months shy of making it to 100.  I am not going to either praise him or poke at him, with his […]

Congress Steadily Degenerating

Congress Steadily Degenerating  I doubt this will surprise anybody, aside from those who might have hoped that Dems retaking formal control of both houses of Congress, if by narrow margins (with that margin shrinking in the House due to the 2020 election).  But I have a more direct source for this conclusion. I received a […]

Good Signs On Renewing US-Iran JCPOA Nuclear Deal

Good Signs On Renewing US-Iran JCPOA Nuclear Deal  One should probably not get too optimistic yet, although I have been getting quite worried about it, but a report in today;s New York Times seems to indicate that via the rather indirect negotiations going on in Vienna the US and Iran may have worked out a […]

How To Estimate “Rational” Market Expectations Of Future Inflation

How To Estimate “Rational” Market Expectations Of Future Inflation  I am not a fan of rational expectations, hence the quotation marks around “rational” in the subject head here.  Nevertheless I have become aware thanks to some posts at Econbrowser by the intrepid Menzie Chinn that the usual way this has been measured and reported by […]