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

Thoughts on Matt Yglesias

Lifted from Robert’s Stochastic Thoughts I am going to put two comments on Matt Yglesias’s blog here.  I am somewhat concerned.  My previous view on Yglesias is that I agree with him except on monetary policy (and the effect on asset price of Abe/Kuroda and of FOMC hints of possible tapering on asset prices particularly […]

Health Wonk Review – Rich and Varied Offerings

Maggie Mahar reviews other blogs on healthcare within the blogosphere   Joe Paduda has hosted the newest edition of Health Wonk Review, a bi-weekly roundup of some of the best healthcare posts in the blogosphere. You will find it at Joe’s blog, Managed Care Matters.: Here are just a few highlights: Health IT is still […]

What is the POINT of this?

WASHINGTON — House Republicans on Tuesday put forward the outline of a response to a Senate proposal that would end the government shutdown and raise the debt limit into next year, but would also make some changes to the health care law. Under their plan, members of Congress and the cabinet would be compelled to […]

Default

Eric Cantor rules on the debt ceiling?  From Talking Points Memo comes this bit of knowledge on who can propose a vote on the debt. Under normal House rules, according to House Democrats, once that bill had been rejected again by the Senate, then any member of the House could have made a motion to […]

Columbus and the destruction of endless resources

by David Zetland (re-posted from Aguanomics) Columbus and the destruction of endless resources 14 October 2013 Today is Thanksgiving in Canada and Columbus Day in the US.[1] Both of these holidays touch on the topics of indigenous people, resource use and sustainability — and not in a good way.

The Countermajoritarian Difficulty and Congressional Ethics–Ending the Shutdown

by Linda Beale The Countermajoritarian Difficulty and Congressional Ethics–Ending the Shutdown [Edited to add Marcotte article on role of fundamentalism in Tea Party politics.] We have seen congressional ethics probes of Congressmen for exacting quid pro quo bribes from businessmen or for conflicts of interest or apparent failure to pay personal taxes.  What about failing […]

The Way to Stop Discrimination on the Basis of Race Is To Stop Discriminating on the Basis of Race. (Except, that is, when the discrimination favors whites over racial minorities.)

  The Way to Stop Discrimination on the Basis of Race Is To Stop Discriminating on the Basis of Race. — Chief Justice John Roberts, Jun. 28, 2007, writing for a four-justice plurality in Parents Involved in Community Schools v. Seattle School District No. 1. Given that statement of his own belief, and his concomitant […]

IMF Says Tax the Rich to Make Up the Deficits and Fight Income Inequity

Recent article by AFP cites an IMF report suggesting that countries fighting deficit spending should simply “Tax the Rich” in income more. in its Fiscal Monitor report, subtitled “Taxing Times”, the Fund advanced the idea of taxing the highest-income people and their assets to reinforce the legitimacy of spending cuts and fight against growing income […]