This is Part 1 of a three-part story of how politics and delays backed by commercial interests and business sponsor groups delayed and eventually killed a bill meant to aid Ohio citizens. Kind of a forerunner to what may happen if Congress ever promotes a bill for healthcare-for-all. I will post the other two parts […]
The 2022 Globie: Money and Empire by Joseph Joyce Every year we name a book the “Globalization Book of the Year” (aka the “Globie”). The prize is (alas!) strictly honorific and does not come with a monetary award. But announcing the award gives me a chance to draw attention to a recent book—or books—that are […]
General Disclaimer: I don’t know what I am writing about. I am an economist not an electical engineer. This should go without saying, but just in case, remember that I don’t know what I am typing about. Radar is used to determine where airplanes are. One use is air traffic control for civil aviation — […]
Why would I write of this event on an economics blog. Fourteen years of age and five years away from being in the service. I was very aware then and a freshman at Lane Tech an all boy’s high school in Chicago. It is economics in the rawest of forms. The suppression of an entire […]
The budget deficit is the change in the nominal face value of public debt. It is roughly unique (as far as I know) being the change in a quantity which is not corrected for inflation. We do not usually talk about nominal GDP growth or nominal wage growth. The sustainable deficit increases one for one […]
Then I really was going to skip today, even as–indeed, because–it is the 50th anniversary of 11 September. The original 11 de Septiembre, that is. Once is history, twice is parody. Feuerbach, as with Marx, was an optimist. Chile took only 17 years to get rid of Pinochet, and they did it at the ballot […]
Interview Request: The NPR program, “This American Life,” is looking for people living outside the US to interview about their student loans. They have done surprisingly strong journalism in the past. If this is you, please send an email to: james@thislife.org If you are outside of the United States and have Student Loans, “This American Life” […]
Dale Coberly Talks Social Security . . . For over ten years I have been telling anyone who would listen . . . about ten people . . . that the great “Looming Unfunded Twenty-Two Trillion Dollar Deficit! . . . stealing our children’s future,” reported in all the high-end news sources by all the […]
Excellent take on Drug Pricing as written by Dr. N. Adam Brown at MedPage Today. In 2016 the 21st Century Cures Act was passed by the House. The intent was to make it easier for pharmaceutical companies to bring new drugs to market and short cut the clinical trial processes. Health Affairs had this to […]
Coronavirus update: the virus is back; everyone should return to their prior precautions and get boosted this fall – by New Deal democrat At the beginning of this year, I indicated that I anticipated only writing about Covid if something significant was happening. It is, so let’s look at the data. Almost all State and Federal […]