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

The person whom Clinton should invite as her guest at next week’s debate: Warren Buffett

A major theme of mine in my posts at AB for a while now has been to try to highlight disclosures about Trump that have been overshadowed by others but that are important for more reasons than the most obvious one. During Sunday’s debate Trump shocked me (and I’m sure, Clinton) when he claimed that […]

Is the US at Full Employment?

This is a common question. It is important to know if an economy is at full employment. However, the question is wrong. or at least the way it is answered is wrong… Full employment is based on employment of labor. However, full employment must consider both labor and capital since they are both resources for […]

Trump’s Peeping Tom admission on Howard Stern should get much more attention than it’s received

BuzzFeed News reported on Sunday that Trump also walked through the dressing rooms at the 2000 Miss USA pageant, where he watched the naked contestants prepare backstage. “I’ll tell you the funniest is that I’ll go backstage before a show and everyone’s getting dressed,” Trump tells Howard Stern. The recordings were released by CNN on Saturday. Trump continues, […]

Stan Fischer has curve upside-down

Stan Fischer, vice-chairman of the Fed, gave a speech yesterday. (link) He said this… “As we noted in our statement, we continue to expect that the evolution of the economy will warrant some gradual increases in the federal funds rate over time to achieve and maintain our objectives. That assessment is based on our view […]

My Near-Out-of-Body Experience While Watching the Debate Last Night: Hearing Clinton’s Answer To the Supreme Court Nominees Question

OMG. It came so late in the debate—the third-last question, the second-last on policy agenda, less than 10 minutes before the end. Asked what she would be looking for in selecting her Supreme Court nominees, she began not with a culture-wars answer or by referencing the need for diversity among the justices as concerned with […]

The British, the Germans and the Irish: A Look at How Traditions Survive Emigration

by Mike Kimel The British, the Germans and the Irish: A Look at How Traditions Survive Emigration Between 1921 and the passage of the 1965 Immigration Act, about 70% of those admitted into the US came from the UK, Ireland, and Germany. In a roundabout way, I want to discuss what that has meant for […]