Why the public still views inflation as a major problem, despite the official numbers – by New Deal democrat This is the topic I indicated last week I wanted to write about more at length. Paul Krugman wrote last week about the disconnect between most economists, who see inflation declining, and voters, who still see […]
Hah got your attention there. The connection is Austrian-American actress Hedy Lamarr pionere of Cinematic nudity, Marine drone technology and the anti jamming anti interference technology on which WiFi is based. Notable for the first Hollywood (update: Kaleberg notes that the scene was in “Ecstasy” and that Ecstasy was a Czech production) full frontal nudity […]
It is agreed that freedom of speech does not imply freedom to make whatever performative utterance one chooses. It just isn’t agreed what “performative” means. Some (of whom you are the first I ever heard do so ever in my life) use it in this sense. The usage condemnation is performative when, for example a […]
There has been much laughter over the fact that Donald Trump has repeatedly given the impression that he thinks that stealth technology works at the wavelength of visible light, so stealthy aircraft are invisible. He isn’t the only one who is saying silly things based on ignoring wavelength. The technology used by the F117, F22, […]
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 […]