”Never interrupt your enemy when he is making a mistake.”~Napoleon Bonaparte What should Senate Democrats do about the GOP continuing resolution? Filibuster and send it back to the house, which will certainly mean a shut-down? Or let it pass on the grounds that Democrats can’t be blamed for the consequences? James Carville’s argument is that […]

This past Sunday the New York Times ran an essay (gift link) adapted from Ezra Klein’s new book with Derek Thompson.  The book, which I look forward to reading, is on abundance liberalism.  Klein’s essay begins as follows: I keep seeing Democrats say the resistance failed. On these pages, James Carville counseled Democrats to “roll over and […]

Is Tesla a car company? An AI company? A projection of Elon Musk’s ego? In Europe, it’s a greenwashing company. Selling credits to other automakers looking to avoid paying penalties for not meeting European Union emissions targets has proved lucrative for all-electric Tesla. “Since its founding, the electric vehicle company has brought in billions from […]

 – by New Deal democrat To review briefly, the monthly JOLTS reports give us a more granular look at the employment sector, but are delayed by one month vs. the jobs report. Like the jobs reports, most JOLTS series have shown deceleration for several years. The question over the last year has been whether they […]

Candidate Trump promised he would not allow any cuts to Social Security or Medicare if elected. Looks like President Musk didn’t get the memo: “Despite reporting from The Washington Post on Monday suggesting that DOGE officials are starting to worry about bad “PR,” Musk suggested later in the day he could push for big cuts […]

Oops! Poor RFK Jr. He’s had to tiptoe back his attacks on childhood vaccines in the face of a measles outbreak in Texas. What’s a poor anti-vaxxer to do. Well, since vaccine denialists can never be wrong, they can only be wronged, Kennedy blames the victims: “In later comments, Kennedy suggested that severe symptoms mainly […]

One of Economist David Zetland’s students. True pricing: effects on competition – The one-handed economist Sarah writes* Although Trump has once again pulled the U.S. out of the Paris Climate Agreement, American firms still face consequences in EU markets. Numerous countries are still committed to non-legally binding climate targets, but the EU demands full adherence […]

Scenes from Friday’s jobs report: the (totally contradictory) Big Picture  – by New Deal democrat There is no important economic data today, so let’s take a closer look at some of the noteworthy items from Friday’s jobs report. I’ll start out with the Establishment Survey side and then turn to the Household Survey side. Goods […]

written by Felix, one of Economist David Zetland’s students. as shown on the The one-handed economist Economists have long defended the benefits of fair competition, explaining that it makes markets more efficient, increases innovation, and generates more benefits for consumers. It’s therefore surprising to see a lack of competition in academic economics, where the same […]

Sunday March 9th The “Constitutional Interregnum”  – by New Deal democrat Is there anything that can be done with a President who has the support of 1/3+ one member of the Senate?  Since he can’t be impeached and convicted, which requires 2/3’s of the Senate, and as of last July per the Supreme Court he is […]