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

Welfare Reform Kills ?

This is an update of this post in which I expressed immense confidence that welfare reform killed people in Florida . The post is based on https://www.ncbi.nlm.nih.gov/pubmed/23733981 Muennig P1, Rosen Z, Wilde ET. (2013) “Welfare programs that target workforce participation may negatively affect mortality.” Abstract During the 1990s reforms to the US welfare system introduced […]

Did Conway Con Herself

This is remarkable even for the Trump administration. Kellyanne Conway claimed that the Medicaid slashing BCRA proposed by the gang of 13 doesn’t include “cuts to Medicaid”. The Trump administration position appears to be that Trump could sign it in to law and keep his promise to protect Medicaid from cuts. Wow. I am not […]

“If There Is Any Such Thing”: Why read Hoxie on theory?

Unionists are not theorists; unionism is an eminently practical thing. — Robert F. Hoxie  Theory and trade unionism are almost contradictory terms. — Edward M. Arnos   In accordance with this theory it is held that there is a certain fixed amount of work to be done… David F. Schloss Paul Samuelson once wrote that […]

Saudi Succession Shuffle

Saudi Succession Shuffle A not unexpected event has just been announced: 31-year old Prince Muhammed bin Salman bin Abdulaziz al-Sa’ud has been elevated from Deputy Crown Prince of Saudi Arabia by his father, 81-year old King Salman bin Abdulaziz bin Abdul-Rahman al-Sa’ud, to replace his 57-year old cousin, Prince Muhammed bin Nayef bin Abdulaziz al-Sa’ud.  […]

McConnell’s AHCA Kabuki

he McConnell Obamacare repeal and replace “discussion draft” is worse than I imagined possible even taking into account that it would be worse than I imagined possible. I fear he made sure it was horrible so moderate Senators could win staged battles and claim they had saved people (needless to say I am not the […]

Hoxie on “Fixed Group Demand Theory” (the “lump of labor”)

From Robert F. Hoxie, Trade Unionism in the United States, 1917: There is much scorn of unionists by economists and employers because of this lump of labor theory with its corollaries. This scorn is based on the classical supply and demand theory and its variants. Supply is demand. Increased efficiency in production means an increase of […]

McConnell’s AHCA Bill Text and WP Interpretation

I have not had a chance to read through this; but, I thought I would put this out here for all of us to read, Senate Version AHCA McConnell Updated this post with the changes proposed in the McConnell Senate Bill as taken from today’s Washington Post. Washington Post Version How Senate Republicans Plan to […]

Here is Andrew Coulson Series on Virtues of Privatization

Diane Ravitch offers more on schools in America: Here is Andrew Coulson Series on Virtues of Privatization by dianeravitch Watch libertarian Andrew Coulson’s film, now showing on some, not all, PBS stations around the nation. It was paid for by libertarian foundations that support privatization. The lead funder–the Rose-Mary and Jack Anderson Foundation– is a […]

American carnage?

Institute for New Economic Thinking Lance Taylor describes his thinking on the great divide.  Worth a look: President Trump, in his inaugural address and elsewhere, rightly says that over the decades since 1980 American household distributions of income and wealth became strikingly unequal. But if recent budget and legislative proposals from Trump and the House […]