I am attempting to present a simple way to portray the costs of healthcare in the US. Using pie charts, a bar chart, and a graph gets the measures of cost across and at the same time presents different discussion points. Merrill Goozner presents the same data as did Peterson and draws a different conclusion. […]
It’s tempting to abolish the word entirely Originally published at Wealth Economics J.W. Mason offers a bang-up post on economists’ thinking about “money,” how economists have thought and talked about it over decades and centuries. There’s even a class syllabus and reading list from his class for his John Jay MA econ students. It’s a very deep dive. (“Thirteen Ways […]
Repeat home sale prices continue rebound; rents continue decline – by New Deal democrat Since the Fed started raising interest rates almost two years ago, homebuilding has shifted away from single family houses to condos and apartments, the construction of which has made repeated all-time highs. This has become reflected in house price vs. apartment rental […]
Both production and transportation are down from 2022 peaks; why wasn’t that enough to cause a recession? – by New Deal democrat While I have written about how the Index of Leading Indicators failed last year, as the loosening of and disinflation in supply chains overwhelmed the effects of Fed tightening, it wasn’t as if […]
Steve Roth (at Asymptosis) I just had occasion, in replying to a correspondent, to reiterate much of the thinking in my recent MMT Conference presentation. I thought it might be a useful and comprehensible form for some readers, so I’m reproducing it here. I’ve also explained this at somewhat painful length here. Correct me if I am wrong […]
In the Washington Post David Lynch (no not that David Lynch) reports that “Falling inflation, rising growth give U.S. the world’s best recovery.” lternative titles Handling the blue team with velvet gloves (not used as it alleges bias when the article merely reports the facts without Ballance (TM) for once) Twin Peaks (inflation and GDP […]
CNN Tells Us, Young People can’t Afford Homes Even Though more Young People have Homes now than when Trump was in the White House, CEPR, Dean Baker Major media outlets continually push the theme that young people can’t buy homes even though a larger share of households headed by someone under age 35 own homes […]
Jamie Dimon says lower-income people need more help and he’d ‘pay for it by taxing the wealthy a little bit more’ Fortune Taxing the Rich? If he really wants to help the poor? Allow the tax breaks for individuals in the upper 20% sunset. reverse the tax breaks, and tax income from foreign enterprises. A […]
Weekly Indicators for January 22 – 26 at Seeking Alpha – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Every now and then the data has a particularly noisy week, and this past week seems to have been one, as a number of – especially coincident – indicators hit an air […]
A long time ago, I was starting to envision how my wife and I might become a burden to our three children. I hooked up with AARP and took out a plan for Long Term Care which would cover us for four years. At the time, this was said to be the limit of life […]