by Tom aka Rusty Rustbelt Health Care Thoughts: Obesity Again According to NBC News this week up to 5000 air ambulance flights (out of about 600,000 per year) are being cancelled because the patient is too large to fit in the copter and/or too heavy for safe flying. Typically some of the medical specialists will […]

Paul Krugman writes in Hunger Games USA. Facts and figures at his column. To fully appreciate what just went down, listen to the rhetoric conservatives often use to justify eliminating safety-net programs. It goes something like this: “You’re personally free to help the poor. But the government has no right to take people’s money” — […]

Via Daily Kos It’s been quite a day for Elizabeth Warren. First, her CFPB finally gets its director, after Reid plus 50 finally show some cojones. Then she appears on CNBC’s The Squawk Box and responds to the hostile and ill-informed questioning of that crew… Video of Elizabeth Warren interview here.

Via Truthout 21st centurty Glass Steagall Act You need to know this. Senator Elizabeth Warren wants to make banking boring again. Yesterday, the freshman senator introduced the 21st Century Glass Steagall Act, which would break up the big banks, and rebuild the wall between traditional banking and Wall Street gambling. In a statement, Senator Warren said, […]

by Tom aka Rusty Rustbelt Health Care Thoughts: ACA – reality sets in A letter from union leaders to Sen. Reid and Rep. Pelosi Dear Leader Reid and Leader Pelosi: When you and the President sought our support for the Affordable Care Act (ACA), you pledged that if we liked the health plans we have […]

Edited from here I think this quote makes it clear that the rational expectations revolution was based on fraudulent intellectual history.  I don’t think it shows that the fresh water and new Keynesian schools of macroeconomics have made no useful advances during my lifetime (that is since 1960).  I’m sure they have made useful advances, […]