October 1st, the country and government will once again be held captive by minority political interests seeking to force their will upon a country which did not endorse them or their beliefs in the last election. Radical House Republicans have come back with another proposal which seeks to delay the PPACA for one year, removes […]
by Robert Waldmann Matt Yglesias says the median household is probably richer than the median household in 1989. Oh that we have come to this. Take the mike Matt Despite rising health care and education prices, we don’t have fewer people going to college or seeing the doctor and we do have bigger houses, more […]
Lifted from comments at Naked Capitalism, September 21, 2013 at 4:33 am Henry Maxey in April 2007. This is frigging amazing work, and by an equity analyst, working at a UK money management boutique. In other words, somebody with not much, and probably no access to the guys on fixed income desks who were cranking […]
LOL…. ah well, I hadn’t read the comment section of Kenneth Thomas’s and Maggie Mahar’s posts before I put up the Popular Science post. Lifted from comments. Hans September 25, 2013 12:00 am Anything is more affordable especially when someone picks up the tab.. I sorry Ms Mahar, but you are a dolt […]
This is an 11 minute clip of his speech, “The Lone Star Strategy.” It is worth a listen. The Lone Star Strategy Senator Bernie Sanders Republicans’ efforts to cut food stamps and defund the Affordable Care Act are just “the beginning of the game,” Sanders said. “All of these issues are related to something that […]
Simply a great song to relax to… Link to music video…
If capital can always flee from one bubble to another bubble in another country, there will always be bubbles. Is it sustainable to always have bubbles somewhere that can give refuge to fleeing capital? …….. Probably yes, in spite of the problems left behind. Many years ago, I was in the Zocalo, central park of […]
I have been reading David Romer’s class notes called Short-run fluctuations. Part of his paper deals with a model to explain inflation in a liquidity trap. The model is based on real interest rates, output, expected inflation, Keynesian cross and IS-MP model stuff. He writes… “An economy where the nominal interest rate is zero poses […]
Mr. Obama also singled out sponsors of a “cynical ad campaign” discouraging Americans from signing up for the new health care program by arguing that it would effectively put the government into the room when women undergo gynecological exams and men undergo colonoscopies. “These are billionaires several times over,” Mr. Obama said, evidently referring to […]