December inflation: real aggregate wages fall as real average wages rise due to compositional effects Consumer inflation typically rises as expansions continue, and declines once recessions start. Once a recovery begins, inflation typically steadies again. While the pandemic has affected both consumer demand and the supply chain, overall the paradigm should still apply. With that […]
I want to revisit my earlier post on impeachment. I am more inclined to support impeachment today than I was 6 days ago, although it is still far from clear that impeachment makes sense. Trump has done great damage to this country by making clear that congressional Republicans will allow a lawless, authoritarian president who […]
Populism has a nice ring; ‘will of the people’ and all that good stuff. So, why doesn’t it ever work? Not even in backward nations? Populism is disastrous in a nation as complex as the United States in times as complicated as these. There’s a reason that it never turns out well. Populism feeds off […]
Exploiting the Stupids: The Intellectual Foundation of Movement Conservatism From about the age of 8-12, I read a lot of sci-fi. Along the way, I stumbled across Robert Heinlein, in particular his novel The Day After Tomorrow, initially published as The Sixth Column. It was so crudely racist I avoided from then on anything with Heinlein’s name […]
Commenting Information & Practices We do not see every comment made on every post. We are also not at Angry Bear all the time. Notify us about offensive, discriminatory, etc. comments. Dan, Eric or myself will review them and take action if needed. Understand, we do not see everything. Confine your actions to reporting. Try […]
December jobs report: I told you so – jobs actually declined in December, BUT employment primed for takeoff once pandemic abates Important: There was a huge amount of seasonality in this report. This is common for December, but the issue was greatly exacerbated because of the outsized impact of the pandemic. Take the large changes […]
The Weirdest Thing about Claims of Electoral Fraud Imagine that, on the eve of a national election, a candidate is far ahead in all the polls and seems to be cruising to victory. Then the results come in, and the unthinkable has happened: the candidate has lost handily. Your first instinct would be to take […]
Commenter Dale Coberly asked for this particular story to be posted. Renown Covid Restrictions Defier is Really Asking For A Better Government “We got a government that has taken the stimulus money and gave it to special campaign donors and special interests, abandoning me, and putting me in a position where I have to fight […]
You’ve Already Seen These Questions Why is it that no existing society, nor society that ever existed, has arrived at universal prosperity, considering that in all times, and in all societies, excepting only the very barbarous, a few years would naturally have led to it? How is it that notwithstanding the unbounded extent of capital, […]