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

Attractor State of Productive Capacity is Shifting

What is an attractor state? It is a state around which a dynamic system organizes itself. “Self-organization is the spontaneous often seemingly purposeful formation of spatial, temporal, spatiotemporal structures or functions in systems composed of few or many components. In physics, chemistry and biology self-organization occurs in open systems driven away from thermal equilibrium. The […]

You DID hear it here first. I picked Becerra for VP 15 months ago.

Clinton-Becerra 2016 Back then and even now it was and is ‘Xavier Who?’ But equally nobody thought Trump would even be running, still less making his campaign largely center on the Yuuuge Wall. And a lot of progressives are little leery of Julian Castro based on his mixed record as HUD Secretary. I think Congressman […]

Another day, another indication that the Clinton campaign remains dangerously clueless about what will matter most in the general election. Ho-hum.

Clinton’s aides say they have settled on the big story they want to tell about Trump: He is a business fraud who has cheated working people for his own gain, and his ideas, temperament and moves to marginalize people by race, gender and creed make him simply unacceptable as commander in chief. — Clinton thinks […]

I Confess, Graunt Didn’t Invent Economics…

Aristotle did. As Philip Kreager reminded me: Historians of economics have for some time treated his [Aristotle’s] writings as formative, even though relevant passages in the Politics and Ethics amount to only a few pages. Wait. There’s more: In the Politics, however, population is a recurring topic, extensively discussed and integral to the overall argument. “The […]

Liberal GMO phobia

It is sometimes argued that Conservatives and Republicans are anti science. There is often a quest for Ballance (or a so’s your mother reply from conservatives). I recall reading about liberal anti vaxxers (sorry I don’t recall actual URLs). Chris Mooney noted that there is no detectable association of vaccine phobia with partizanship or ideology. […]

SEC capture…

Yves Smith at NC: The SEC showed its true colors yet again at a panel at Stanford Law School at the end of March, although not as dramatically as last year. In last spring’s SEC panel at Stanford, the then head of examinations, Andrew Bowden, made such fawning remarks about private equity, including repeatedly saying […]