Relevant and even prescient commentary on news, politics and the economy.

It Takes a Village: Scarcity, the NCAAs, and the Decline of U.S. Manufacturing

I don’t remember seeing any of this type of story last year. But this year, Socialism stories abound from the Midwest. My ex-roommate* sends this link to a story about Butler Bulldogs’s Senior Matt Howard’s family being able to attend the NCAA Finals tonight in Houston (video link here). Luke Winn of Sports Illustrated covered […]

Some @*$&s Write a Letter

by Mike Kimel Deficit numbers for CEA chair signatories on the deficit letter Cross-posted at Presimetrics Title updated I’m kind of late to this, but apparently ten ex-chairs of the President’s Council of Economic Advisors decided to share their opinion about the national debt with the rest of us. There’s been commentary here and there […]

Guest post: Interstate Health Insurance Sales

Guest post by Michael Halasy Practicing Emergency Medicine PA, Health Policy Analyst, and Health Services Researcher Interstate Health Insurance Sales One of the more common ideas often thrown around in health policy is the idea of allowing patients to purchase health insurance across state lines. The idea of course, is to allow patients access to […]

Confusion and language American Style

by: Daniel Beckerupdate: corrected some formating and duplication. What is this the definition of: The global economy, and capitalism, will be “reset” in several important ways. The interaction between government and business will change forever. In a reset economy, the government will be a regulator; and also an industry policy champion, a financier, and a […]

Guest Post: The RJS Aggregator – Government deficits and MMT

Introduction: Here’s another timely compilation of economic commentary by Rj from the Global Glass Onion. His thread highlights a recent interchange between straight Keynesian economists, Paul Krugman, for example, and Modern Monetary Theorists (MMT), like Jamie Galbraith, Bill Mitchell, Randy Wray, and Warren Mosler. I’ll add just one link to The RJS Aggregator today. At […]

Greece is not Argentina

I politely disagree with the conclusions of the article written by my Angry Bear colleague, Kash, where he envisages Greece defaulting in 2011 similarly to Argentina in 2001. I do agree, that the macroeconomic initial conditions in Greece scream default (actually, if you focus just on the measurable factors, like the current account, debt levels, […]

EMPLOYMENT SITUATION

The employment report was the strongest this cycle as total payroll employment expanded some 216,000. This consisted of a 230,000 gain in private payrolls and a 14,000 drop in government jobs as state and local governments are still shedding jobs. Moreover, the household survey reported a 291,000 gain in employment. The last two months private […]