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

Self-defeating Regulations

by Tom aka Rusty Self-defeating Regulations The Obama administration has made a major commitment to the installation and use of electronics in U.S. medical records. Obama sees electronic medical records (EMRs) linked into electronic health record (EHRs) networks as a major factor in controlling costs and improving quality in the U.S. health care system. The […]

Presidents and Congress, Republicans and Democrats: Spending, Taxation, Debt, and GDP

by Steve Roth, asymptosisCross-posted at Asymptosis. Thanks to yeoman’s work by Larry Bartels, Mike Kimel, and a host of others, we’ve seen that over many decades, the American economy has performed far better, by almost any measure, under Democratic presidents. Larry Bartels’ key graph mapping income growth by quintile, 1948-2005 (from page 33 of Unequal […]

Wind power actually brings electricity prices down!

Wind power actually brings electricity prices down! The Oil Drum’s Jerome a Paris writes: Bloomberg has a somewhat confusing article about the newest complaint about wind power, but the gist of it is that wind power is an issue for the industry because it brings their revenues down: After years of getting government incentives to […]

Deficit Commmission working groups

by Linda Bealecrossposted at Ataxingmatter Deficit Commmission working groups–tax group, but no practicing or academic tax lawyer One of the strange results of treatment of economists as central policymakers over the last four decades or so of the “Washington Consensus” and the dominance of Chicago School freshwater economists has been the distortion of policy making […]

Wall Street Lobbyists’ View of Financial System Reform

by Linda Bealecrossposted at Ataxingmatter (Rdan…Linda is still in DC for briefings at Treasury so is not available at AB just now) Wall Street Lobbyists’ View of Financial System Reform [edited to add link 5/4/10 at 3:12 pm] The Washington Post has an interesting story on the bank lobby’s thinking about financial reform. Klein, Lobbyists […]

Topical thread May 7, 2010 Voter perceptions, energy

Chris Caldwell of the Financial Times writes: This is why the leak in the Gulf may make it less likely that Mr Obama will get the environmental legislation he desires. Any bill with the slightest austerity or self-sacrifice has an uphill climb, particularly in this economy. Voters will accept the “new” environmentalism (focused on climate […]

I like this comment by Yves Smith

by cactus I found this comment by Yves Smith – which is not the main point of her post by the way – to be very good. But another side effect of today’s equity market gyrations is further distrust in the markets, particularly by retail buyers. I am told that various retail trading platforms were […]

Mark Thoma says:

by cactus This post by Mark Thoma is just too good not to steal wholesale. When Republicans complain about all the people who aren’t paying federal income taxes, and they’ve been doing this a lot lately, I get confused. And that confusion extends beyond the obvious fact that almost everyone who is employed pays payroll […]

Always tradeoffs…and complexities and externalities

For readers’ information, this study page 193 appears to be most comprehensive and recent (2005) on dispersants for oil (hat tip Salon): One of the most difficult decisions that oil spill responders and natural resources managers face during a spill is evaluating the environmental trade-offs associated with dispersant use. The objective of dispersant use is […]