I don’t follow healthcare as much as others at this blog. I started playing around with some graphs at FRED and got a bit confused. I don’t mind being confused, but I like to clear up that confusion eventually. So perhaps someone can tell me what’s going on. First, this graph of healthcare expenditures / […]
Via Robert Waldmann via Paul Krugman: The central fact of U.S. political economy, the source of our exceptionalism, is that lower-income whites vote for politicians who redistribute income upward and weaken the safety net because they think the welfare state is for nonwhites to Noah’s opinion : A few people have noticed me tweeting a lot more about racial/cultural […]
By Steve Roth (from 2016 October 2) Democracy. Capitalism. Socialism. Choose Any Three of the Above If you don’t have a big bathtub of oil in the ground, you need all three to deliver widespread economic well-being. In the millennias-long evolution of human societies and economic systems, we find ourselves today at a pass where three systems predominate, and fitfully […]
Rep. Tom Garrett is a Republican representing Virginia’s 5th Congressional District. He is a member of the Committees on Education and the Workforce, Homeland Security, and Foreign Affairs. He presents a problem: We can’t afford to lose the energy, ideas, and vision of young people who give up their dreams of going to college because […]
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This is well outside anything I can claim to know much about, so I can’t vouch for it other than that it sounds right to me. From an Al Arabiya article entitled All you need to know about the Iran protests in 20 points: 1 On Tuesday, December 19, the Iranian government announced a new […]
12/30 The side bar ‘broke’ and I cannot access the code to fix it. If you click on the title you want it seems to offer the correct format for individual posts. I will work on it but am not a tech person. I have notified MEV tech people, but it is the New Year […]
As many academics and community activists – in fact, anyone woke – will tell you, the US is a racist society steeped in the white supremacy of its majority population. White people are haters who keep ruining things. Which is why reading this story in the LA Times about people from Africa trying to cross […]
I should title this: Yeah, it is just like 1929 you freak’n see, hear, and speak no inequality monkeys. I have this pile of income data sorted out from Saez’s work (the GDP is BEA). My thoughts regarding our economy is that income inequality (or equality) matters. It matters so much, that it is the all […]