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

The Problem That Clinton Should See and Solve: Her misconception of what, for a huge number of voters, this year’s presidential campaign is about

And for me, it’s all about getting results. When I joined with parents and doctors and community leaders to take on the epidemic of children’s asthma right here in Harlem, it wasn’t about making a point; it was about making a difference. — Hillary Clinton, speaking at the Apollo Theater in Harlem, Mar. 30 When […]

Welfare Reform Reform

I have been promising to write something constructive and forward looking about how to undo the damaging effects of the 1996 welfare reform (which recently struck again). I don’t really have anything original to say. Mainly I endorse the proposal made by Irwin Garfinkel, David Harris, Jane Waldfogel and Christopher Wimer in a Century Foundation […]

An interesting coincidence: Cruz beat Trump and Sanders beat Clinton in Wisconsin by identical percentages

Each won by 13.2%. ____ UPDATE: I posted his when 99% of the vote in each primary was counted.  Now, with 100% in both primaries counted, Cruz’s victory margin remains at 13.2%.  Sanders’s is 13.3%. Added 4/6 at 10:32 a.m.    

Zero-Sum Foolery 1 of 4: Game Theory Gamesmanship

by Sandwichman Zero-Sum Foolery 1 of 4: Game Theory Gamesmanship It has become fashionable recently, in denunciations of the lump-of-labor fallacy, to appeal to the notion of a “zero-sum game” in addition to the customary allegation of a “fixed amount of work to be done.” In this manner, pseudo-intellectual poseurs can evoke the urgency and […]

Do Rising Rents, Especially For The Poor, Mean We Do Not Have A Housing Bubble?

Dan here:   Barkley Rosser adds to the conversation on housing rents following New Deal democrat’s post here by Barkley Rosser (Econospeak) Do Rising Rents, Especially For The Poor, Mean We Do Not Have A Housing Bubble? Aggregate housing prices in the US have recently been approaching the levels seen at the peak of the […]

It’s official – Icelandic bankers have been jailed

If you’ve been following my posts over the last few years, you know that Iceland took the dramatic step of prosecuting top officers at the country’s big 3 banks, all of which were allowed to go bankrupt in the wake of the 2008 financial collapse. Unlike Ireland, it did not turn bank debt into government […]

ISM new orders surge to 58.3: the shallow industrial recession is ending

by New Deal democrat ISM new orders surge to 58.3: the shallow industrial recession is ending      OK, probably ending, since nothing is perfect.  But if there are reasons to be more concerned about 2017, this morning’s ISM report is very strong evidence that the shallow industrial recession we have had for the last year […]