The plutocrats on the right want to dismantle the administrative state, so they say. Of course, their wealth derives directly from the fiction of private property and an administrative state is required to enforce that fiction. Their wealth is monetized in currency, which is another fiction that the administrative state holds a monopoly on. The […]
Initiative and Program Updates that have come into being in 2024 and also 2025 under the Biden Administration impacting Elderly Economics. The reporting is by AARP. Some of those who have passed into history that caught my eye too. Federal Income Tax Brackets for 2025 In the U.S. tax system, income tax rates are graduated, […]
I miss my fellow writer Maggie Mahar who had an excellent view of what HealthCare should be like. Merrill offers up a similar view. In this review, he takes down “We’ve Got You Covered: Rebooting American Health Care,” by authors Liran Einav and Amy Finkelstein. The issue? Proposing the creation of a universal, government-funded health plan […]
This is interesting. Another high-level American seeking wisdom and advice from Vladimir Putin. I guess anyone can to talk to whoever they wish to talk to. But, are there no voices of wisdom in the US for a billionaire who can buy his way into everything??? As the story suggests, this could lead to a […]
– by New Deal democrat Prof. Menzie Chinn at Econbrowser, like me, is an Old School blogger, and like me, is focused on forecasting. Yesterday he wrote a piece about supplementing the yield curve with a second condition, the private nonfinancial debt service ratio. Basically, what percent of income is needed to service debt. Doing […]
Trump promises to round up the homeless and put them in government internment camps. Only if they seek treatment and counseling, they might then qualify to be moved to housing. Harris takes a “housing first” approach. Get a roof over their heads and some housing stability, then offer the treatments and counseling that can move […]
This section discusses about immigration to the US and the various nationalities coming to the US. It has changed dramatically from Europeans to accepting more peoples There is more data on nationalities in the Census documents from Asia and eastern Europe as well as Africa and South America. In the beginning of this section, the […]
“There is a stubbornness about me that never can bear to be frightened at the will of others. My courage always rises at every attempt to intimidate me.” Jane Austen, Pride and Prejudice Robert Reich speaks out about the Washington Post and the Los Angeles Times failure to endorse a candidate for president. Both stop […]
– by New Deal democrat Yesterday we got the existing home sales portion of the rebalancing of the housing market, showing sales down further, and price growth attenuation. This morning, we got the new home slice, which was a virtual mirror image. As per usual, while new home sales are only about 10% of the […]
Yep! I think the people are correct though about the inflationary actions of Biden during the PANDEMIC when the nation shut down and people were not working. The administration should not have doled out money in multiple Economic Stimulus packages during the pandemic. All those deficit spending and inflation . . . oh my! We […]