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

Declining US Citizen’s Life Expectancy

Lifted from notes by One handed economist David Zetland comes with this reminder about US life expectancy dropping. David goes further and gives the reasons for decreasing Life Expectancy. America, my increasingly ex-country, has lower life expectancy than 21 “peer” countries. This decline being due to a combination of death from Covid, cars, guns, and lifestyle. […]

Weekly Indicators for September 12 – 16 at Seeking Alpha

Weekly Indicators for September 12 – 16 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Gas prices have continued to decline, with almost the entire Ukraine war spike gone. Meanwhile Tuesday’s core CPI reading sent the bond market into a tizzy, with interest rates going back up to […]

Banking for the People

“Banking for the People: Lessons from California on the Failures of the Banking Status Quo,” Roosevelt Institute, Emily DeVito Introduction The current banking system in the United States and its fine and fee-heavy profit model is a barrier to economic entry and financial security for millions of individuals and families. Especially a barrier for those […]

Real aggregate payrolls and recessions

Real aggregate payrolls and recessions  – by New Deal democrat One of my favorite indicators for the overall economic health of the American working and middle classes is real aggregate payrolls for non-supervisory workers. This is kind of self-explanatory. Rather than measure hourly wages, this is the *total* amount of wages paid to non-supervisory workers, […]

Marking My Beliefs About Weapons to Market 2 (Military 3/N)

On April 1 2022 I wrote “I score Robert 4 Pentagon 0. I currently oppose the F-35 procurement program. No score yet.” I didn’t know that 4 days earlier on March 28 2022 Valerie Insinna had published “F-35 cuts, F-15 boost, and E-3 replacement: Air Force’s $170B budget makes big moves in FY23“ “the biggest […]

How much would it cost to eliminate US Poverty ? Why don’t we ?

First the US poverty gap is on the order of $180 billion per year. That is the sum over all households with income under the poverty line of the amount that household’s income is below the poverty line. That is a small amount of money compared to US GDP or even US Federal Government spending. […]

US Public Opinion on Income redistribution

I am going to give a hostage to fortune. I am going to guess that the preferred policy supported by a majority of US respondents on questions about redistribution of income is that which would directly serve the narrow short term economic interests of a (probably different but overlapping) majority of US respondents. I am […]

August industrial production declines; overall decelerating trend consistent with recession in 2023

August industrial production declines; overall decelerating trend consistent with recession in 2023  – by New Deal democrat Finishing today’s data dump, industrial production, the King of Coincident Indicators, declined -0.2% in August, while manufacturing production increased 0.1%. July’s sharp gains in both were revised slightly (-0.1%) downward:  While July remains the high water mark for overall […]

A few observations on freedom

Guest Post by Infidel as posted from his Blog of the same name. Intro . . . In the real world, which contains many individuals interacting within a society, overall freedom is maximized when the total ability of all individuals to do whatever they want is maximized.  In practice, achieving this involves a vast number […]