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

Meanwhile this is still going on during the week….

From Diane Ravitch’s blog: While we’re consumed 24/7 with the Trump/Russia psychodrama, Republicans are quietly, under the cover of darkness and diversion, introducing these new bills in the House: HR 610 Vouchers for Public Education — (The bill also repeals basic nutrition standards for the national school lunch and breakfast programs) HR 899 Terminate the […]

Larry Summers: genius economist, failure at Psychology 101

by New Deal democrat Larry Summers: genius economist, failure at Psychology 101 One of my recurring themes is how macroeconomic theory, no matter how elegant mathematically, consistently errs because it fails to take into account basic psychology — i.e., how the human animal actually works. A big component of this failure is that humans, like […]

Paul Ryan not taking Phone Calls Faxes, or Petitions

A suggestion from Michael Halasy: The Randian Congressman Paul Ryan has turned off ALL of his public telephones & fax machines in response to protests in favor of the Affordable Care Act, Planned Parenthood, Medicare, etc. He is also NOT accepting signed petitions and is TURNING-AWAY voters who deliver the petitions. So, let’s see what […]

Saint Janet Yellen: The Best Fed Chair Ever?

by Barkley Rosser  (originally published at Econospeak) Saint Janet Yellen: The Best Fed Chair Ever? OK, so the immediate reaction of many to this title might be to laugh, but I challenge anybody reading this to name another Fed Chair who was clearly better than she is.  I do not think you can.  However, one […]

“Nothin’ but ‘blue skies’ do I see”

A little Ella Fitzgerald for you today. Kind of fits with what is going on in the US today. Over at Vox, Matt Yglesias has an interesting article on the Trump Transition Team ordering government economists to cook up rosy economic forecasts. With his far reaching economic “it will be great” promises during the election, […]

Recall and the General Strike

by Sandwichman Recall and the General Strike The tradition of the oppressed teaches us that the “emergency situation” in which we live is the rule. — Walter Benjamin, On the Concept of History, 1940 Back in December, I posted Full Employment and the Myth of the General Strike to start the conversational ball rolling about […]

Dumbest Statement Coming Out of Congress Yet on Healthcare . . .

A partial of the Republican plan: introduced by Rep. Mark Sanford (R-S.C.) and Sen. Rand Paul (R-Ky.), would end Medicaid expansion, decouple health insurance from employers, offer a tax credit of up to $5,000 to fund HSAs, and eliminate most regulations on what health plans must cover. Insurers would be able to sell policies across […]

A thought for Sunday: No, Trump isn’t imploding — but the opposition is broad and intense

by New Deal democrat A thought for Sunday: No, Trump isn’t imploding — but the opposition is broad and intense My post from two weeks ago, “No, Trump isn’t Imploding” got picked up by a few other sites within the past few days, and I wanted to follow up because we have a fuller picture […]