In chemistry, and in physics, a positive feedback loop usually yields an explosion. In biology, it is a population explosion. In electronics, it might be an unpleasant screech. In economics, both housing bubbles and inflation are products of a positive feedback loop. In re Global Warming: The melting of permafrost due to Global Warming releases […]
Continued good news for consumers on gas prices There’ll be lots of economic news starting tomorrow, but for today let’s pause and take a look at the energy situation. Here’s a look at oil prices in the past year up through yesterday from CNBC: And here’s a look over the same time period from Gas […]
The republicans are indignant as hell that the Inflation Reduction Act, née Climate and Healthcare Bill, would increase funding for the Internal Revenue Service (IRS). Since Reagan, republicans had been defunding it for them that brought them; them being the very rich who don’t like paying taxes. After the 2010 cuts, it had gotten to […]
I wanted to find a post/article which could details the differences between 2011 and 2022. I could not find exactly what I wanted. Infidel’s post comes close. I am looking at the years after 2008 when the nation was struggling to get back on an even keel. What is difference between 2011 and 2022? For […]
A tweet sent me to this column Ezra Klein wrote long, long ago in a city far away. In the heady day of April 8 2021, Klein discussed Joseph Biden’s radicalism and contrasted it with Barack Obama’s caution. I remember. Biden had just signed the American Rescue plan and was proposing what would be called […]
America is the land of equal opportunity. Well, yeah, truth be, your odds are little bit better if your parents can afford to send you to a good university. Other that, it’s even stephen. What if those who weren’t born to means could borrow the money? That would almost be as good, no.? Before 1965, […]
Weekly Indicators for August 22 – 26 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. In the past couple of weeks, the decline in gas prices has slowed considerably. Once they stabilize, the underlying economic fundamentals should reassert themselves. In the meantime, there are cross currents of interest rates and manufacturing orders, […]
April 10, 2008, at Economist’s View former Angry Bear writer Noni Mausa had this to say . . . Take the time. Watch this, I just did. It explains exactly why the middle class is in trouble and where the money has gone. Over on Angry Bear we were discussing who can afford children, in […]
Will the Inflation Reduction Act (IRA) Reduce Inflation?, Econospeak Probably not, but it also will probably not increase it either. This is the judgment of the Congressional Budget Office and also the Penn Wharton Budget Model, as well as libertarian economist Tyler Cowen of George Mason, who is critical of much of its content. It […]
Bill McBride at Calculated Risk (8/23/2022 02:21:00 PM) had this report on mileage driven for June 2022. I am sure as Bill suggests gasoline prices may have played a role in the decrease. I wonder too if Covid kept people from travelling too? One of the links to the DOT page also shows travel by […]