My mind goes back to 2008. I was recently tempted to ask why bad loans by banks are a public problem. I was tempted to say that the bank made the loan, so it is their problem. If enough debtors default that the bank fails, so what? Then I remember the very appealing logic of […]
Tax churn. Or so I will suggest. There are two basic ways to improve the economic position of disadvantaged Americans using the income tax system. The first approach, targeting, uses refundable tax credits to put more money in the hands of lower-income households. Subsidies decrease for households with higher earnings. The second approach is to […]
by New Deal democrat My long leading forecast through the end of 2022 My long leading forecast that goes 12 months out is now up at Seeking Alpha. I am as nerdy as can be, and follow the same indicators over and over, no matter what their message. And their message has been changing over the […]
Surgery Tomorrow I shall be having a parathyroid removed tomorrow (Feb. 2) at University of Virginia hospital. Will be going over this evening to avoid freezing fog. So, I shall be out of commission for a while. Barkley Rosser
Prof. Heather Cox Richardson (substack.com) “Letters From An American,” January 31. 2022 There are more topics covered in yesterday’s Letter than I can list in the title. It is an interesting mixed bag of experiences we are enduring and what is being reported. I have also included the links below if you wish to do […]
Oil prices hit 7 year high, natural gas hits 14 year high on largest one day price jump on record; natural gas supplies see largest draw this winter, Focus on Fracking, RJS Oil prices rose for a sixth straight week and eclipsed the 7 year high hit last week on heightened tension over Ukraine, tight […]
Total supplies of oil & products at 7 1/2 year low even after largest 4 week build of gasoline stocks in 32 years SPR inventories are at a new 19 year low; gasoline inventories are up most in any 4 week period since Jan 1990 as gasoline demand, ex worst Covid drops, are at a 10 year low; imports of gasoline are at a […]
Lambert at Naked Capitalism has an interesting article up as taken from KHN entitled “I Write About America’s Absurd Health Care System. Then I Got Caught Up in It” as detailed by Bram Sable-Smith. As taken from the KHN article, Bram describes the beginnings of his dilemma of getting Insulin: “I’d been waiting since September […]
On the retirement of Justice Breyer: is this any way to run a country? Long long ago I remember reading that Justices William Brennan and Thurgood Marshall, both about 70 years old at the time, decided not to retire during the Presidency of Jimmy Carter, because he was not liberal enough, preferring to wait for […]