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

Code as law

Lambert Strether and Bob Goodwinn via Naked Capitalism offer a point of view on how law is being implemented through large system programming, as it played out in the MERS system of property ownership fait accompli, and other systems.

Fix the Debt

Via Digsby Oh, my goodness. Can it be that Fix the Debt is using patented right wing astroturf tactics?Say it ain’t so! Our friend Jon Romano, press secretary for the inside-the-beltway PR campaign “Fix the Debt” and its pet youth group, The Can Kicks Back, have been caught writing op-eds for college students and placing […]

A Short Economic Explanation of Nearly Everything

Simple explanations are always suspect. So do with this what you will. It’s my basic framework for thinking about how economies work. It of course doesn’t explain everything; the headline here is tongue-in-cheek. But I find it very useful in thinking about everything else. This thinking clashes quite definitively with traditional economic teachings. But it […]

Labor Power and Economic Growth

Lane Kenworthy has done some of the best work on this subject. Read all his stuff. One great piece, on determinants of growth: Institutions, wealth, and inequality Only one institutional factor is strongly supported as a determinant of growth in prosperous countries, according to Lane’s really excellent statistical work: “corporatist concertation.” Corporatist concertation is not […]

The Not So Bad PPACA Numbers

After 10 days scurrying around the Shanghai, China area; I am now sitting in Bangkok, Thailand and reading more of the news. Such is the life of a Global Purchasing Manager dealing with automotive and industrial. I have been reading and watching the typical media reporting about the PPACA while drinking my green tea. Greg […]

Mommy, take us home and we will never ask for food again

Lifted from reader rjs newletter: Wage Statistics Show The Rich Get Richer Again in 2012 Harsher cuts are on their way “Mommy, take us home and we will never ask for food again NYC Food Bank Head: 40% Of Veterans Need Food Assistance  Too Much Of Too Little Synopsis below the fold: