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

For July 4th: Bach to Paul Simon

I’m not a big consumer of liturgical music. I still listen to Handel’s Messiah on Christmas. So it surprised me when I found myself enjoying a boxed set of LPs of Bach’s St. Matthew Passion recorded about 50 years ago. It’s in German, of course, so I’m not following the libretto, just the voices and […]

June 29, 2022, Letters from an American

June 29, 2022, Letters from an American, Prof. Heather Cox Richardson ~~~~~~~ What is up in this Letter?: The House Select Committee is considering to call “Pat” Cipollone to testify. Republican pundits are calling Cassidy Hutchinson’s testimony devastating. Ginni is having second thoughts on discussing her “boilerplate and unremarkable” comments. A Ukrainian-born businessman is sentenced […]

University of Wisconsin-Madison Professor Robert Haveman, RIP

Robert Haveman, RIP, Econospeak, Barkley Rosser  Robert (Bob) Haveman died on June 18, aged 85.  He had been at the University of Wisconsin-Madison since 1970, when I first met him, where he served as Chair of the econ dept., director of the Institute for Research on Poverty, and also Director of the LaFollette Institute for […]

Chaos Theory and The End of Roe V Wade

“Chaos Theory and The End of Roe V Wade,” Econospeak, Barkley Rosser Probably the most famous characteristic of chaotic dynamics is the phenomenon known formally as sensitive dependence on initial conditions, which is more popularly known as the “butterfly effect.” In such dynamics a small change in a starting value or a parameter value can […]

Oh, The Camus Of It All

Jean-Paul loved Simone as he could never love anyone else; gave her his heart and, with some great effort, won hers. Simone, she wasn’t one to be particular. Both he and she were Existentialists. Albert, an Absurdist, and Jean-Paul were friends. Simone fell for Albert on first sight. Absurd or not; big minds attract. Absurd […]

Teacher with $300M of Student Loan Debt Says $10,000 is a Drop in the Bucket

“Teacher With $303K Student Debt Says Biden’s $10K Relief Plan Not Enough” (businessinsider.com) Finally, I am seeing various publications (Business Insider, etc.) writing about accrued interest on student loans. Interest on the principal and also the interest. This particular article also touches upon Deferred Student Loans and the resulting paying the interest first before touching […]

A Deadline Passes and Stalin Is Exchanged For Peter The Great

A Deadline Passes And Stalin Is Exchanged For Peter The Great, Barkley Rosser, Econospeak  I am not all that much into posting about the ups and downs of the Special Operation in Ukraine, but it seems that there has been one of those lines crossed. While it was not widely publicized, June 10 was apparently […]

Why $10,000 of Student Loan Relief will not Help

I have been bugging Alan at Student Loan Justice to talk more about Student Loan interest, etc. accumulating on these loans. As you can see it is not unusual to accumulate more interest or other costs than the original loan amount. It is also not unusual for the servicer to collect interest before paying down […]

Another view of the student loan debt crisis

I have worked with Alan Collinge and Student Loan Justice Org. for at least a decade on student loan bankruptcy. This article was taken from the Tallahassee Democrat. This article has some numbers on who is impacted, which has been presented, and largely ignored here and other places. United States Senator Elizabeth Warren (D-Mass.) and Senate […]