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

Trump’s HHS Secretary Nomination and Healthcare Economist Uwe Reinhardt

News Editor Joyce Frieden at Medpage Today offers up an excellent review of President Trump’s head of HHS selection Alex Azar. If you do not read MedPage Today, it is a good site to get information on healthcare and healthcare policy. Orrin Hatch of Utah: “The leader of HHS will be at the tip of […]

Ricardian Equivalence

This is going to be a very long post with independent chapters (I won’t impose by making a series of posts) I. What is “Ricardian Equivalence” The basic idea is that the timing of taxes has no effect on anything, and especially not on consumption/saving choices, because rational economic agents know that the state has […]

Freedom of Speech for Fascists? (An op-ed)

Freedom of Speech for Fascists? I just finished reading the Chronicle of Higher Ed’s profile of Mark Bray, author of Antifa: The Anti-Fascist Handbook.  I don’t know how accurate it is as a portrayal of Bray and his ideas, but it seems like a sober, fair-minded overview of the debate over anti-fascist tactics and freedom of speech. […]

Two thoughts on the Virginia election: it’s the net strong disapproval,stupid! But is the primary driver education or age?

Two thoughts on the Virginia election: it’s the net strong disapproval,stupid! But is the primary driver education or age? It’s a slow week for economic news, but we sure had some electoral fireworks on Tuesday! Since I am a data nerd, here are two metrics from Virginia that caught my attention, which I’ll discuss in […]

A Bit More on Inflation Expectations

I honestly surfed here just to see if anyone was still interested in inflation expectations now that The Fed has shifted from extraordinary efforts to stimulate to normal efforts to take away the punch bowl before workers get uppity. I was pleased to find the post by Bonddad immediately below However, I don’t agree entirely […]