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

Senator, You’re No John Kennedy. You’re Just Clumsily Appropriating a Campaign Line of His.*

Marco Rubio spoke today to a large group of Iowa Republican activists and urged them to “turn the page on outdated leaders of both parties“. They agreed to do that, and started chanting “Feel the Bern.” Returning to 1920s economic and social policies—which, point by point by point, actually is what he wants to do—is indated […]

VSPs Get Their Way With Budget Deal: Social Security Benefits Are Cut

by Barkley Rosser     (Econospeak) VSPs Get Their Way With Budget Deal: Social Security Benefits Are Cut All the Very Serious People are jumping up and down and cheering.  We have a budget deal in the House and the debt ceiling is being raised and there will be no more artificial budget crises until […]

Instead of nominating Marco Rubio, the Republicans should just cut out the pretense and nominate his doppelgänger: Charlie McCarthy

Bill Clinton had a line during his 1992 campaign that he said, mantra-like, so often in fact that eventually it lost its meaning and was just a cringe-inducing song-like chorus.  The line, the slogan, was, “People who work hard and play by the rules.”  It was—until he repeated it to a point well beyond when people […]

The decline in prime age labor participation: the smoking gun (Part 1of 2)

by New Deal democrat   (Bonddad blog) The decline in prime age labor participation: the smoking gun (Part 1of 2) I recently wrote about the compelling evidence that the biggest reason for the decline in the prime working age labor participation rate was the increase in the number of second-earner spouses who decided to stay […]

When Titans collide: UPS petitions the PRC to change USPS costing methodologies

BY MARK JAMISON (A North Carolina Retired Postmaster). First posted at Save The Post Office The United Parcel Service is very concerned that you might be paying too much for a postage stamp. If you’re wondering why UPS would be worried about something like that, it has to do with the way postal rates are […]

New study finds state subsidies go overwhelmingly to large companies

Good Jobs First has just issued a new report analyzing state investment incentive programs open to small and large businesses alike. With the financial support of the Surdna Foundation and the Ewing Marion Kauffman Foundation, Shortchanging Small Business: How Big Businesses Dominate State Economic Development Incentives finds that 70% of the awards and 90% of […]

Yet another mindless canard re ‘Denmark’, this one offered by MIT economist Daron Acemoglu: That the U.S. was less innovative during the postwar decades, because of, y’know, those high tax rates on high incomes.

The sophisticated safety net that ensures few Danes ever experience poverty, fear hunger or lack in health care does not come cheap. The Danish economy may be the most heavily taxed in the world, with rich Danes paying over 55 percent of their total income in taxes to support generous social services. Even if high […]

The mindless canard stating as unexplained fact that it would be worse to expand the federal government by a third in order to accommodate single-payer healthcare insurance than it is to have private, for-profit health insurance companies playing this role instead

No one would ever accuse Bernie Sanders of thinking small. The senator from Vermont and Democratic presidential candidate wants to transform one of the world’s most boisterous free-market economies into an exemplar ofScandinavian-style “democratic socialism.” He wants to jail Wall Street executives and double the minimum wage. And he wants to spend taxpayer money, lots of it. According to an estimate by The Wall […]