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

PTSD and our military response

Reuters reports: Newly diagnosed cases of post-traumatic stress disorder among U.S. troops sent to Iraq and Afghanistan surged 46.4 percent in 2007, bringing the five-year total to nearly 40,000, according to U.S. military data released on Tuesday. The statistics, released by the Army, showed the number of new PTSD cases formally diagnosed at U.S. military […]

Carbon cap and trade, good idea? Bad Idea?

Reader sammy sends George Will: Title: Carbon cap and trade, good idea? Bad Idea? Here is the “con” case from George Will via The Washington Post: An unprecedentedly radical government grab for control of the American economy will be debated this week when the Senate considers saving the planet by means of a cap-and-trade system […]

Economics as science? No chance. (by cactus)

Lifted directly from comments by cactus from the open thread: Economics is not a science. Physics wouldn’t be a science either if esteemed members of that profession who got prestigious jobs running the country were willing to make statements that contradict all known facts. But here’s the thing – if the administration’s position is that […]

corporate tax rate

I guess this is pick on Mankiw day. I see he is now in favor of the McCain proposal to cut the corporate tax rate to 25%. But the effective corporate tax rate was already 24.2% at the end of 2007. So I wonder which corporations he thinks should pay higher taxes? P.S. Mankiw promises […]

De-fanging passive voice

An elder Cherokee Native American was teaching his grandchildren about life. He said to them, “A fight is going on inside me…It is a terrible fight, and it is between two wolves. One wolf represents fear, anger, envy, sorrow, regret, greed, arrogance, self-pity, guilt, resentment, inferiority, lies, pride and superiority. The other wolf stands for […]

Traumatic Brain Injury: responses by DOD

GAO has a point of information. Pre-screening is essential for any medical diagnosis of “subtle” damage. Imaging pictures would make for a real comparison…external costs will be high. The late start up dates are a cause for sadness(inertia from various quarters), but the newness of this field of medicine is one mitigating factor. In response […]

$10,000 limit. Can’t fill the tank

Seems another sign of the new era of banking fraud awareness comes from the price of gasoline/fuel. You can’t pump more than $75 worth. The $75 limit “ensures merchants and customers are protected from fraud,” says MasterCard spokesman Tristan Jordan. Visa and Mastercard are worried about you and the station getting ripped off. Really? Interesting […]

Real GDP growth this cycle

With the latest real GDP release it might be of interest to look at the comparison of this cycle to other long cycles. You can see for yourself the great success of the Bush trickle down economics.