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

Kids Used To Sell Old Newspapers for Pennies

I was told this by someone years ago. We tried to do this and were not to successful in the fifties. March Madness comment below. Sen. Whitehouse: Dark Money Behind GOP Judges Is Now Behind Voter Suppression | Crooks and Liars, Aliza Worthington, March 13, 2021 “Sen. Whitehouse chairs a subcommittee of the Senate Judiciary […]

February consumer inflation begins to heat up a little

February consumer inflation begins to heat up a little Seasonally adjusted consumer prices rose 0.4% in February. As a result, over the past several months there has been a significant uptick in YoY inflation to 1.7% from 1.1% in November.  Aside from the pandemic, for the past 40 years, recessions had happened when CPI less […]

During the wintertime pandemic surge, hiring hit a brick wall

January JOLTS report: during the wintertime pandemic surge, hiring hit a brick wall Yesterday morning’s JOLTS report for January was confirmatory of the weak jobs report for that month, showing a largely paused recovery. Further, for the second month in a row, hires were down sharply. Let’s examine this in accord with the data from […]

Ethic of leisure

William Godwin’s ethic of leisure and the riddle of social justice In An Enquiry Concerning Political Justice (1793) William Godwin declared, “the object, in the present state of society, is to multiply labour; in another state, it will be to simplify it.” In The Enquirer (1797), he affirmed, “[t]he genuine wealth of man is leisure, when it meets with […]

Financial Globalization and Inequality

by Joseph Joyce Financial Globalization and Inequality The global financial crisis slowed the pace of financial globalization, while the impact of the pandemic on its future course is unclear. But enough time has elapsed to assess the record of integrated financial markets that greatly expanded in the 1990s and early 2000s. The evidence on one […]

We are Better

There are 24 Senate Committees (listed here: https://www.senate.gov/committees/). Clicking on anyone of the committees yields the Committee’s Web Page from which one can choose Members and get a photo listing of the members by party. This allows for a side by side comparison of the membership by party. Do this for any committee, for each […]

When should we begin a see a real improvement back towards “full employment”?

Pandemic job losses: when should we begin a see a real improvement back towards “full employment”? Let’s take a deeper look at where employment stands as we begin to see the end of the pandemic in sight. As I and many others noted last Friday, although with the exception of one month there have been […]

One Dose or Two?

One Dose or Two? There are two theories out there about how to vaccinate.  One says, look, we have data only on the protocols that were adopted in the trials.  The Pfizer and Moderna vaccines were administered in two doses, three to four weeks apart.  We know that works.  Don’t mess with it.  Stick to […]