by Tom aka Rusty Rustbelt Health Care Thoughts: Don’t Blame the Techies! The early phases of the exchange sign up have been an unqualified disaster. It must be the techies, right? Not necessarily. The program design is wildly complicated, with the exchange system trying to do a start-to-finish on a very complicated transaction and pinging […]

I wrote in February of 2012 about welfare: Welfare, I’m not hurting from it and neither are you. I noted the following: but it looks to me like what we spend on welfare is not much more than what the government is spending on just doing the government thingy, unless of course people can’t get […]

The Eurozone experiment in austerity continues to fail as the peripheral countries endure ongoing cuts. Following up on my post of August 15, it’s time to look at the most recent Irish immigration data to update it through April 2013 (Ireland records population data from May 1 to April 30) and see how it affects […]

Real GDP has dropped to a new level. Many economists think it will return to its previous trend before the crisis. I made this video to explain how real GDP can drop to a new level as a result of labor share of income dropping after the crisis.   Capital income rose after the crisis, […]

Antonio Fatas debates Paul Krugman. Fatas noted that there is limited evidence that using the Euro is correlated with extreme economic distress. Krugman argued roughly that there is a strong theoretical presumption that the Euro is the work of the devil. Fatas praised Krugman’s unshrill analysis and then chose to debate his basic claim. This […]

Yves Smith writes: So bad economic times increase income disparity even among the young, and that will also make it even harder for them to contend with debt. I’ll return to this topic, because I think this recitation isn’t adequate to convey how the pieces are being put in place to put bigger and bigger […]

So the cobra equation has made me re-evaluate the dynamics of the effective demand limit. The main reason is that the graph of the Cobra equation shows that capital utilization decreases as employment increases at the effective demand limit. I was assuming that as employment increased, the utilization of capital would also increase. That was […]

Here is an interview from the Real News Network with one of the founders of the Basic Income initiative in Switzerland, Enno Schmidt. The initiative would guarantee a basic income of $2800 per month for every adult. That may seem like a lot from the perspective of the United States, but it is enough to […]

by Mike Kimel California v. Red States, What Causes Growth, and the Great Stagnation Lately there has been a small cottage industry of California v. Texas comparisons, with California getting the apparent short end of the stick.  Heavily regulated, high tax, big gubmint California is the past, and free wheeling low tax small government Texas […]