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

How Can the Loan Interest Become Greater than the Principal?

I have written about and posted on Student Loan debt forever and usually about Alan Collinge. This is never ending debt where the interest can be greater than the costs over the years of payback. That is, if it is ever paid back. In this particular commentary, it discusses a Masters in filmography or movie […]

A Tale of Two Economies

Anterevolution, France was pre-industrial, feudal, and broke.  Broke because its wealth (wealth that had been derived from the labor of serfs at home and slaves in her colonies, and the exploitation of indigenous peoples) had been wasted by its government and aristocracy on wars and extravagance.  By 1789, wars and lifestyle had bled the country […]

Student Loan Updates 2024

It does not look like students holding loan debt and looking for relief will get any relief soon. Newly minted President Donald Trump is in the revenge mode. That would include help from Republicans. Like any new administration looking for revenge, this one will attack the weakest element. It does not mean that Student Loan […]

Book Review “The Undoing Project”

 by David Zetland The one-handed economist Michael Lewis wrote this 2016 book about the “intellectual love story” between Amos Tversky (AT) and Daniel Kahneman (DK), two Israeli psychologists who overturned our ideas about risk, decision making and how we see the world. And by “our” I don’t just mean humans but also (to a degree) economists. AT […]

Prelim. Real Gross Domestic Product (GDP) Report

I included Table 1 for you to use as a backup to the written preliminary report. Click on it to enlarge. I have to leave and go to the Veterans Admin. to pass on more information. When I get back, I will add an opinion to this commentary and delete this message. Real gross domestic […]

Economic stress in higher education

You might think universities would be immune to the financial pressures of the non-academic marketplace. You would be wrong. Brandeis University is struggling financially, and recently fired their resident string quartet, the Lydian String Quartet* after 40 years, to save $275,000. Other universities that, unlike Brandeis, have medical schools, are also struggling with their budgets. […]

A Brief on the Economics of Water Usage

This is not the complete report which can be found here: Valuing the Hydrological Cycle as a Global Common Good. The report questions our present knowledge of water how it is viewed and its usage. I will let the authors explain. The Problem Humanity Has Created Humanity has thrown the global water cycle off balance […]