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

Market Capitalism

Then and Now — Once the birthright of lords and kings, the association of wealth with power, is, of late, more often than not, the prerogative of the very wealthy; theirs as a right derived under the aegis of capitalism, and, one defended, it seems — under the aegis of the Constitution. For a long […]

Covid update

I seem to be through the worst of it. My fever is down and my cough is subsiding. If I hadn’t gotten a covid test I would have thought I had a moderately bad cold. With a bit of luck, it’s all over except the quarantine. Thanks to everyone for their good wishes.

Weekly Indicators for December 7 – 11 at Seeking Alpha

by New Deal Democrat Weekly Indicators for December 7 – 11 at Seeking Alpha My Weekly Indicators post is up at Seeking Alpha. Here’s the link: https://seekingalpha.com/article/4394374-weekly-high-frequency-indicators-weakness-spreads-still-no-fundamental-change-in-outlook With the big increase in jobless claims, as well as a deteriorating situation for restaurant dining, weakness has spread further among the indicators – but the forecast, both […]

Paying people to get vaccinated?

Apparently there are proposals circulating to pay people to get vaccinated. (Summary here.) The pro/con story is familiar enough. Monetary incentives might increase the uptake rate; but they might also increase suspicion and backfire, or at least not be very effective. Given the large cost involved – the number cited in the linked article is […]

I have covid . . .

I’m fairly certain I picked it up this past Tuesday.   Wednesday night I had a slight throat-clearing cough.  Not sure if this was covid related or not.  Saturday I had a fever of 100.5, along with some achiness.  I got tested on Saturday and received the positive test result on Sunday.  Last night was a […]

November inflation tame again, with the economy weak, but real wage gains strong

November inflation tame again, with the economy weak, but real wage gains strong Consumer prices rose 0.2% in November on a seasonally adjusted basis, but declined -0.1% unadjusted: As shown in the above graph, a November decline in prices is typical. This year’s decline was less than either of the past two years.On a YoY […]

The Failure of the Public Health Establishment

Prof. Peter Dorman of Evergreen College writes at EconoSpeak and portrays Matt Yglesias’s retrospective on how the healthcare establishment failed the public when passing information on facemasks, hand-washing, distancing, etc., and how Covid is transmitted. The direct result of not following these practices or casting doubt upon them is an elevation of Covid cases which […]

SCOTUS Decides Texas Lawsuit regarding Georgia, Pennsylvania, Michigan and Wisconsin

Given the makeup of the Supreme Court after 3 conservative appointments to the court, I was concerned as to what the outcome of the Court’s decision might be. Whether they would agree with Texas and trump was the concern. The italicized sentence is basically the Court’s decision. The note from Alito and Thomas being an […]