by cactus A Question About Gaza I’m trying to understand the situation in Gaza. I understand that Israel manages to exert some control over Gaza’s borders and airspace. Israel has also tried to choke off the flow of weapons into Gaza and this embargo is being blamed for much of the hardship that residents of […]

Paul Krugman and Robin Wells review three books on the US health care system

“We’re at war.” “During this time of war…” “While this country is at war…” I’m tired of hearing such statements while referring to the “War on Terror”. Because they indicate a fundamental confusion between a metaphor and a real war. And on this President’s Day, I can’t help but think about how this confusion has […]

It seems that we can now move beyond talking about a flat yield curve to talking about a truly inverted yield curve: Yield curve inverts after strong auction NEW YORK (MarketWatch) — The Treasury yield curve turned completely upside down early Friday, pushing the 2-year yield above the yields of both the 10-year and 30-year […]

Eduardo Porter’s New York Times article entitled Illegal Immigrants Are Bolstering Social Security With Billions describes how one Mexican citizen – along with perhaps seven million other “illegal immigrant” workers: are now providing the system with a subsidy of as much as $7 billion a year … Most immigration helps Social Security’s finances, because new […]