I’ve written extensively here at AB about a two-time Supreme Court case called Bond v. United States, first three years ago when the case was heard the first time, then in the last few months as the case was heard there again. My most recent post on it, from May 15, was called “The Supreme […]
Okay fine, not the best. (Click bait!) But for me, the most important — the five books that, more than any others, taught me how to think about the world. A friend in my “classics” book group asked me for nonfiction book recommendations. Here’s what I wrote: The NF books that wow me, get me […]
Via Azimuth comes a very detailed and sourced post on basic physics of climate change. Well worth the time to view or review, especially before commenting. by Jan Galkowski 1. How Heat Flows and Why It Matters Is there something missing in the recent climate temperature record? Heat is most often experienced as energy density, […]
(Update: the numbers in the above Table represent the present payroll gap. That is an immediate increase in FICA equalling any negative number would fund its respective program over that given period under that set of assumptions). (Update 2…a quirk in the comment section preventing viewing the chart on landing page is fixed…Dan) The standard […]
Predictably some elements of the Obama Opposition (because that is really the best description of them at this point) are up in arms at the exchange of Sgt. Bergdahl for Gitmo Detainees on the grounds that “We don’t negotiate with terrorists”. Well you know who DOES negotiate DIRECTLY with groups that actively commit periodic violent […]
There is a movement taking place to understand the Fisher Effect. What is the Fisher Effect? Basically the idea is that low and stable nominal interest rates from the central banks leads to low and stable inflation. I have been writing here on Angry Bear that the Fisher Effect is made stronger when the nominal […]
As the stock market moves sideways and house prices slow their march upward, 2014 is shaping up to be a less profitable year than 2013 for those with capital income. We saw consumption from capital income increase greatly over the last couple of years, but this year I expect it to stop rising and even […]
I’m stunned by how good the new Jacobin piece by Seth Ackerman is: “Piketty’s Fair-Weather Friends.” It gives what I find to be the best understanding so far of the whole Piketty “think space.” It’s so good that I can’t encapsulate it, so I’ll just share some of the passages I’m most taken with, with my […]
Click to embiggen. And then do some magnifying. Because even a selected file covering the whole 75 year projection period yields small type. Anyway this is my first take from Dale Coberly’s numbers for 2013 Northwest Plan with three calculated columns added by me. Those are the three with “Cost-Non Interest Income” as part or […]
The Federal Reserve Bank of St. Louis published an article that low nominal interest rates lead to low inflation… In essence they describe the Fisher effect about which I have been writing here on Angry Bear. There are many economists who do not accept the Fisher effect that low nominal interests lead to stable low […]