by New Deal democrat Housing permits and starts plummet in April, but mortgage applications suggest big rebound in May At some point it is going to be safe for the economy to be completely reopened. When that point comes it would be nice if the leading sectors of the economy have already been priming the […]
Steve Roth, publisher of Evonomics and at Angry Bear, sends this note and thematic list: Economics Doesn’t Have to Be Amoral The complexity economist Eric Beinhocker writes “economics has painted itself as a detached amoral science, but humans are moral creatures. We must bring morality back into the center of economics in order for people to relate […]
by Ken Melvin Economy’s Role Economy: An Economy is a social entity’s aggregate activity of producing and exchanging goods and services. To date, a large body of knowledge about how economies work has been accumulated; a body of knowledge known as the science of economics. In a Well Functioning Economy, the requisite goods and services are […]
by New Deal democrat Weekly Indicators for May 11 – 15 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Noteworthy this week is that mortgage rates have fallen to new all-time lows, and mortgage applications, not coincidentally, have rebounded sharply. This is good news since housing normally leads the way in economic […]
(Dan here…better late than not) by Barkley Rosser The 75th Anniversary Of VE Day: Forgettable Or Boring? My wife, Marina, as many of those reading this know, is from the Soviet Union, and takes extremely seriously the anniversary of the victory of the Soviet Union and its allies over Nazi Germany, which became official at […]
by Ken Melvin What to do About The Schools There needs to be a plan in place that deals with: grade levels, Covid Virus testing, schedules, classroom size, in-school traffic flow patterns, staffing, transportation, … The how and when are tied together. And yes, all these are interconnected. How to safely get 3,000 high school […]
Via Truthout is a reminder the US Supreme Court has rulings to make: On May 12, the Supreme Court will have an opportunity to rebuke or endorse Trump’s pretensions to monarchical grandeur when it hears oral arguments in three cases that have the potential to redefine the nature and scope of presidential power. The cases […]