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

Republicans’ Refusal to Understand Insurance Still Matters

When attempting to repeal and not really replace Obamacare, various Republicans demonstrated opposition to the idea of insurance. They objected that healthy people shouldn’t subsidize the health care of sick people — that is their honest view of health insurance is that they are against it. I didn’t keep track of recent examples, googled, and […]

NAWRU constructive (?) proposals

I have vigorously criticized the European Community DG EcFin approach to estimating the non accelerating wage inflation rate of unemployment (NAWRU). This is a step in their estimation of output gaps, which, in turn, are used to set allowed deficits for member countries under the Stability and Growth Pact. The calculations are critically important. Marco […]

Democrats in Array

The hardy perennial “Democrat’s circular firing squad is in disarray” story line is looking a bit withered. During the whole dramatic absurd Trumpcare drama (so far Trumpcare is a zombie which can’t be killed) ALL 48 Democratic senators remained united. In 2016 the new Clinton adopted a neo-neo-liberal platform which was actually liberal. However, some […]

What is Socialism (contagion from Twitter)

So @atrios tweeted asking for a definition of socialism in 140 characters or less. Being a fool, I tweeted “Means of production controlled by people elected with one person one vote” Many people objected that all states which say they are socialist are also not democratic. I need more than 140 characters to explain my […]

Some Thoughts on ACA and BCRA

I’m not sure if this is worth posting here, but I have some thoughts on health care reform reform. The Republican arguments have become absurd in interesting ways. HHS secretary Price said something which makes no sense: “the Senate health care bill strengthens and secures Medicaid for the neediest in our society,” putting the program, […]

Bizarro World

At least 40 Republican Senators and possibly the critical 50 have decided to stand up to the lobbyists, the interest groups and big business. They are willing to vote for the Cruz amended BCRA which would not just repeal Obamacare, but also destroy US individual market health insurance. If they do so, they stand up […]