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

Marine Corps treating people like human beings instead of Inventory?

Kind of a surprising take on a potentially new Corps being touted in “The Hill” article. The Corps announces a new plan signaling changes to recruitment and retention by targeting individual talents rather than gathering volumes of younger personnel, who are very trainable, training them in an MOS, and making them fit the model of […]

Teach Your Children Well*

Appears that Parents’ Rights is the Republican Party’s latest wedge issue. My how they do love wedge issues. And, this one goes so well with their States Rights. Lot in common, the two. States’ Rights allowed a state to keep doing the same old. Parents’ Rights give parents the right to appropriate their child’s life. […]

Jobs, Trade Deficit, Construction Spend, and Factory Inventory Reports

MarketWatch 666: Commenter and Blogger RJS; October’s jobs report; September’s trade deficit, construction spending, and factory inventories, et al Major economic reports that were released the past week included the Employment Situation Summary for October from the Bureau of Labor Statistics, and three September reports that included metrics which were either estimated or included in last week’s […]

Money Illusion in the Twenty-First Century

Money Illusion in the Twenty-First Century The starting point for any consideration of inflation is that wages (and interest, profits, and rents) are prices.  Every transaction has two sides, and one person’s price is another’s income.  In the aggregate, leaving aside international complications, inflation can’t have either a negative or positive effect on aggregate real […]

Naked Capitalism joins Calculated Risk, Econospeak, and Angry Bear in being archived by Library of Congress

Recently, Yves Smith announced Naked Capitalism was chosen to have its posts archived by the Library of Congress. It is an exciting invitation as much of the work being written at Naked Capitalism will be available for years to come and potentially studied. Angry Bear applauds this action by the Library of Congress. It was […]

Capitalists beware: post-democracy America may not be a shining example of Hayekian liberalism

Dan Little has a post up at Understanding Society on what authoritarianism might look like in the United States.  The whole thing is well worth reading, but here is one part: This seems about right, though of course speculative, but I have doubts about the big business piece.  Yes, some business interests will be close […]

Capital itself is the moving contradiction

Capital itself is the moving contradiction  The phrase quoted in the title is probably the most well-known in the Grundrisse. It has been cited in books and journal articles at least a hundred times, an order of magnitude more frequently than the alternative translation found in the collected works, “capital itself is a contradiction-in-process,” It is […]

Ponder This

If you will What if Jimmy Carter had been reelected in 1980; Walter Mondale had been elected in 1984 and reelected in 1988; and, Al Gore elected in 2000 and reelected in 2004? We would be at least twenty years ahead of where we are now in re Climate Change. Central America would not be […]

Political declaration of independence (reprise)

Political declaration of independence (reprise), Infidel753, Blogger and Commenter I know Infidel from Crooks and Liars where he would moderate Mike’s Blog Round Up and feature Angry Bear from time to time. Infidel writes some pretty darn good posts on his own site of the same name. This particular post is about the Virginia election […]