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

RIP John Horton Conway

RIP John Horton Conway I am late to issue this RIP as John Horton Conway died on April 11, 2020, having been born in England, Dec. 26, 1937. He died of coovid-19.  I was aware of his death when it happened, but have since become aware of things he did that I did not know […]

April jobs report: disastrous, but not as cataclysmic as feared; lower paid part time workers take the biggest hit

April jobs report: disastrous, but not as cataclysmic as feared; lower paid part time workers take the biggest hit   HEADLINES: -20.5 million jobs lost. Between March and April this is a loss of 14.0% of all jobs since February. U3 unemployment rate up 10.3% from 4.4% to 14.7% U6 underemployment rate rose 14.1% from […]

A Very Grey Swan

A Very Grey Swan Keynes and Knight famously simultaneously in 1921 identified the concept of fundamental uncertainty as a situation not understandable by using a probability distribution, an idea popularized by Nassim Taleb just as the 2008 crash happened as a “black swan.”  Taleb defined white swans as situations describable by Gaussian normal distributions.  For […]

Are capitalism and democracy compatible?

by Ken Melvin Are capitalism and democracy compatible?  Both Capitalism and Democracy are complicated, complex concepts with varying interpretations. Beginning with a working definition of democracy: Democracy — A government formed of representatives popularly elected by the enfranchised citizenry of the governed entity. Webster’s : a government in which the supreme power is vested in the people […]

Remdesivir VIII

There is a severe Remdesivir shortage On March 2 2020, I warned you that this was going to happen. I did not warn about the opaque and arbitrary Trump administration policy, because the Trump administration is always “worse than you imagine possible even taking into account the fact that it is worse than you imagine […]