Mr. Dan, When I started reading Angry Bear I was working as a technical editor (degree in English) and had zero knowledge of economics, but I was watching the (to me) economic weirdness going on in the 2000’s, and started reading economics blogs in a mostly vain attempt to discover what the heck was going […]
Have a good Thanksgiving from the Bears.
A friend of mine posted this on Facebook: I started to explain it, but realized that the standard usage is wildly screwy and confusing for any normal human, and decided to explain it here instead. The problem is that even in standard economists’ usage, “public” is used in two different ways: 1. “Public” debt: debt […]
Angry Bear to have new look and more resources for readers Sometime later in the next month Angry Bear will have a new look to offer to readers as we switch from Blogger platform to the more versatile WordPress platform. I hope to be posting with quick looks at different aspects of our redesign and explain new features that will […]
Barkley Rosser at Econospeak points us to a portion of the nature of debt and borrowing, federal debt, and financing: Can Borrowing From Abroad Avoid The Debt Ceiling? No, but Allan Sloan in the Washington Post today thinks it can, or maybe it can. He proposes that Treasury borrow $200 billion in US government securities […]
by Linda Beale Jack Cummings, General Utilities Repeal, and Treasury’s Rollover Jack Cummings (aka Jasper L. Cummings, Jr.) writes in the November 12, 2012 Tax Notes at 797-808 about “The Demise of the Liquidation-Incorporation Doctrine.” This is a must-read not only for corporate-tax policy wonks, but also for those who want to understand at least […]
by Robert Waldmann I think this is the best post I have read so far on the topic by Kathleen Geier. Just go read it before reading my comment below. Of course I have my usual comments: Thank you Kathleen Geier for your excellent post based on good shoe leather (OK leather ear to the phone) reporting. I […]
by Linda Beale More on the Threat to Social Security and Medicare from the so-called “Fiscal Cliff” In several posts recently I have discussed the harmful demands the right is engaging in related to the so-called “fiscal cliff” created by the original Bush tax cuts (set to sunset en masse), the artificial debt ceiling (used […]
by Tom aka Rusty Rustbelt Health Care Thoughts: Health Exchange Delay The Obama administration has delayed the decision point on state health exchanges until December 14th. Much of the discussion on this issue has centered on politics. My focus is on more practical issues. The Obama administration has a track record of being unable to […]