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

Clinton admits she failed to do her homework, and therefore misunderstood, when she stated at the February debate that Dodd-Frank already authorizes the Treasury Dept. to force too-big-to-fail banks to pare down and that therefore no further legislation authorizing it is necessary. That’s quite an admission by her, and the New York Daily News editorial board (and the Washington Post’s Chris Cillizza) should take note.

A notion is rapidly crystallizing among the national media that Bernie Sanders majorly bungled an interview with the editorial board of the New York Daily News.His rival, Hillary Clinton, has even sent a transcript of the interview to supporters as part of a fundraising push. A close look at that transcript, though, suggests the media may […]

Welfare Reform Reform

I have been promising to write something constructive and forward looking about how to undo the damaging effects of the 1996 welfare reform (which recently struck again). I don’t really have anything original to say. Mainly I endorse the proposal made by Irwin Garfinkel, David Harris, Jane Waldfogel and Christopher Wimer in a Century Foundation […]

Do Rising Rents, Especially For The Poor, Mean We Do Not Have A Housing Bubble?

Dan here:   Barkley Rosser adds to the conversation on housing rents following New Deal democrat’s post here by Barkley Rosser (Econospeak) Do Rising Rents, Especially For The Poor, Mean We Do Not Have A Housing Bubble? Aggregate housing prices in the US have recently been approaching the levels seen at the peak of the […]

7 Million at Risk from Man-made Quakes

Interesting Vox article on natural and manmade earthquakes my fellow Vet and cohort in writing Mark Jamison sent me. This year for the first time ever the USGS is including a map of areas in the US which may be prone to human-induced earthquakes” in addition to areas which are prone to natural earthquakes. “By […]

“Post Post Work Post”

As one of those manufacturing people who improve throughput, I often read Sandwichman who writes for “Econospeak BlogSpot I hope you enjoy his analysis of robots replacing humans and the resulting availability of time off. Wait a minute, does a post work society giving time off really take place? “Automation may mean a post-work society […]

“The Battle for VA Healthcare and Its Funding”

VA healthcare has its faults; but, it still is one of the more successful examples of publicly funded healthcare even while hampered by a lack of funding to provide more capacity in strategic places for new Iraq and Afghanistan veterans and aging Vietnam veterans like myself. Libertarian Pete Hegseth, a veteran of Afghanistan and Iraq […]

Millennials like socialism — until they get jobs. Or until a pollster tells them that it would mean tax increases but doesn’t tell them, for example, that the tax increases would replace healthcare insurance premiums and out-of-pocket medical expenses. And doesn’t tell them that “more government services” means something other than, say, trash collection twice a week instead of once a week.

Okay, so the title of a Washington Post op-ed piece today by research fellow and director of polling at the Cato Institute Emily Ekins is “Millennials like socialism — until they get jobs.”  She knows that this is do because a recent Reason-Rupe poll—that’s libertarian magazine Reason, and some polling organization they hired—found that: When […]

MI Pushing the 85th Percentile “Again”

Michigan has had an issue fixing its roads and for the last two years the Republican controlled Legislature and the Republican Governor have not been able to decide or agree on what the solution might be. I believe what has been decided was an increase in gas taxes, some money from the imaginary general fund […]

The ACTUAL Likely Reason That Clinton Won Ohio by 15 Points: Blue-Collar Whites Voted in Large Numbers for Kasich Against Trump. (This matters. Maybe a lot.)

Okay, so Paul Krugman blogged yesterday that the Clinton campaign’s numbers guru, Joel Benenson, claims that Clinton lopsidedly won the Ohio primary because: Ohioans took a hard look at Senator Sanders’ claims, and rejected them. Despite his attempt to portray Hillary as an ardent free­trader, Hillary voted against the Central America Free Trade Agreement (CAFTA), […]