Best as I can tell, the concept of “nationalizing” this election has been used exclusively to mean that the Republicans want to make this election all about Obama, Obamacare, and such.  Therefore, if the election is “nationalized,” the Repubs win, right? In a post here at AB two weeks ago, I listed some of the […]

The Financial Times reported on September 30th that the European Commission has decided to open a formal investigation into whether Apple received illegal subsidies (“state aid,” in EU-speak) from Ireland going as far back as 1991. The FT quotes “people involved in the case” as saying that this can cost Apple billions of euros. What […]

¯\_(ツ)_/¯ Back in April, I wrote that the Dow Jones would rise to 16,800 and then revolve around that point and then eventually come down from there. “My view now is that the Dow Jones will make a publicity effort with hopes to get back up to 16800, then come down from there.” (link) I […]

I’m reprising a previous (and longer) post here in hopefully simplified and clarified form, for a discussion I’m in the midst of. “Saving” and “Savings” seem like simple concepts, but they’re not. They have many different meanings, and writers’ different usages and definitions (often implicit or even unconscious) make coherent understanding and discussion impossible — even, often, […]

Banks are obviously different from households. But I think explaining two key differences goes far towards explaining why “endogenous money” theory — often pooh poohed as either confused or obvious — is important to economic thinking. The first is a dweeby accounting difference. The other, which arises from that, is very, very real. 1. When the […]

by New Deal democrat         (re-posted with permission from Bondadd blog) Sadly, Ed Yardeni is the Wanker of the Day – wage stagnation edition Dr. Ed Yardeni has some clickbait up at his blog titled, The Wage Stagnation Myth. Yardeni is a highly-regarded financial markets analyst, but this is just sad. He writes […]

by Dale Coberly VERY SHORT POST ON SOCIAL SECURITY DISABILITY INSURANCE The Committee for a Responsible Federal Budget has issued a “call for papers” with suggestions for “fixing” SSDI. I expect that by “fixing” they mean cutting people off and getting them back to work. After all, even people on IV’s could work as telephone […]

Mark Thoma wrote today that the Fed should not raise rates too soon, because… “If the Fed raises rates too soon, it is working class households who will be hurt the most by the slower recovery of employment.” His thinking is not deep enough. He just sees that a rise in the Fed rate will […]

Okay, well, as all you AB regular readers know, yesterday I posted a post deconstructing—and, yes, that’s what I did—a blog post on the Forbes website by William F. Cannon.  He blogs there on “health, freedom, and other uncertainties,” but his day job is Director of Health Policy Studies at the Cato Institute. The studies apparently entail […]