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

The Price of Naltrexone

In The New York Times Abby Goodnough wrote ” she got a Vivitrol (naltrexone) shot but it was so expensive — her co-payment was $600 — that she never got another” !!! This is insane. Naltrexone is an opioid antagonist. It prevents opioids from causing a high (and relieving pain and suppressing coughing and breathing). […]

Marking my 2018 forecast to market

Marking my 2018 forecast to market At the beginning of every year, I give a forecast for each of the two halves of the year. And at the end of each year, I look back and mark my forecasts to market. In that way I try to be completely transparent, and to keep myself honest. […]

The US Postal Service in a Parallel Universe

The US Postal Service in a Parallel Universe Imagine that, instead of the dinosaur of a postal service we have today—the product, among other things, of congressional insistence that no government outfit can compete with private business in lucrative new markets—we had an entrepreneurial, innovative public dynamo.  In this other universe, the USPS was always […]

Goodbye To Goodlatte And The GOP Going From Lincoln To Trump

(Dan here…Paul Ryan’s farewell speech, Jeff Session’s targeting ‘consent decrees’, and what else?) Goodbye To Goodlatte And The GOP Going From Lincoln To Trump Outgoing Chair of the House Judiciary Committee, Bob Goodlatte is my Congressman.  I even know him, having had civil almost friendly relations.  He has been in office for 26 years.  But […]

Actually, Only Banks Print Money

by Steven Roth (originally posted at Asymptosis) Actually, Only Banks Print Money I’m thinking this headline will raise some eyebrows in the MMT community. But it’s not really so radical. It’s just using the word money very carefully, as defined here. Starting with the big picture: You can compare the magnitude of these asset-creation mechanisms here. (Hint: […]

ACA Enrollment for 2019 Followup

To add to Robert Waldman’s post on ACA enrollment, here is the chart as taken from Andrew Sprung’s Blog (Expostfactoid) on the ACA. This is data Charles Gaba had gathered and Andrew rearranged. Note non-expansion Medicaid states did better than expansion states in enrollment. Why is that true? The states marked in yellow on the […]

Twelve Dimensional Chess

Barack Obama just won Gallup’s man most admired by US adults poll for the 11th straight time. Also, in spite of the Republicans’ determined efforts including elimination of the mandate, Healthcare.gov signups are only 4% fewer than last year’s. Finally, I am thinking about “eleven dimensional chess”. This was a joke about Obama and Obamaniacs […]

Taxes Up 30%!

Taxes Up 30%! A couple of months ago yours truly complained a bit about some fiscal dishonesty coming from Team Trump: He was basically lying to us hoping the public would be too stupid to realize that when the price level rose by 2.5% during the same period, we are talking about a 2% real decrease in […]