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

Whatever happened to the Guns or Butter premise

by Run Whatever happened to the Guns or Butter premise? Naomi Freundlich at Maggie Mahar’s Health Beat Blog discusses the passage of the $26 billion state aid package and why it does not go far enough in securing healthcare for those who qualify for Medicaid. Passage of $26 billion State Aid Package Is Merely a […]

Why ‘Nothing’ is STILL the 2nd Best Plan for Social Security: and Why YOUR Plan Probably Sucks

by Bruce Webb A curious feature of the battle over Social Security is that it is almost always a battle of adjectives and adverbs and not numbers, In particular almost everyone agrees that ‘Nothing’ is not a plan, People are not always clear on the consequences of ‘Nothing’ whether that be ‘massive’ benefit cuts or […]

Approving Military Equipment Procurement.

by reader Ilsm Approving Military Equipment Procurement The Defense Acquisition Board is there to prevent the issues identified in the annual GAO Assessments of Selected Weapons Programs, 09-326SP and 10-388SP. The Board does not insist on product knowledge about what it is committing US funds for, nor manage the approval process through which a program […]

Feasible Stimulus Politics ?

Robert Waldmann Obama proposes an additional $ 50 billion for infrastructure. He ignored my proposal to mail a $ 500 check to every US family this month. The proposal is better policy than my proposal. If implemented it wouldn’t help Democrats in November, since it would start next year. My guess is the plan is […]

Be afraid on Labor Day

by Dan Crawford (Rdan) Business Insider offers one sort of opinion by Mike Shedlock… what I can gather from the short article are the implications that outsourcing over the globe is a consequence of unions, that we should be more like Louisiana, and there is no economic literature on labor to offer some alternative explanations. […]

Trade and income distribution…who benefits, who loses

by Dan Crawford (Rdan) Voxeu carries a post on research into increasing global trade, technology, and wages patterns: The theoretical case for the potential effect of trade on the distribution of income has a long and distinguished history. It starts with the first musings of David Ricardo and has advanced to now include models with […]

Intelligent trade policy

by Stormy Those that have been responsible for intelligent trade policy have “other irons” in the fire, namely, representing companies that have made a fortune outsourcing to China. From the EPIs Robert E. Scott (Senior International Economist and Director of International Programs, Economic Policy Institute) post at Huffington Post: “An op-ed published in http://www.nytimes.com/2010/08/24/opinion/24massey.html?_r=1&ref=opinionThe New […]

SS Actuary’s "Bombshell" Fizzles: Krasting Lays Egg

by Bruce Webb Regular readers of Angry Bear will be familiar with bond trader turned blogger Bruce Krasting and his, can we say non-standard conclusions about Social Security solvency. Well he is at it again today under the provocative title of SSTF – Steve Goss’s Bombshell – What Could it Mean?. SSTF means Social Security […]

The True Cost of the Iraq War

originally posted at Economist’s view by Mark Thoma Stiglitz and Bilmes: The True Cost of the Iraq War Joseph Stiglitz and Linda Bilmes: The true cost of the Iraq war: $3 trillion and beyond, by Joseph E. Stiglitz and Linda J. Bilmes, Commentary, Washington Post: Writing in these pages in early 2008, we put the […]

HEALTH CARE thoughts: Nursing Shortage Issues

by Tom aka Rusty Rustbelt HEALTH CARE: Nursing Shortage Issues As Labor Day approaches it is a good time to think about health care labor issues, some good news, some bad news. A phenomena many of us have noticed over the years (hard to exactly quantify though) is that recessions pull nurses back into the […]