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

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March industrial production

…*are.* And what yesterday’s release showed us, for the about the sixth month in a row, is that the coincident economy is stagnant (but not contracting!), with the big exception…

Apple Whines About Having to Pay Taxes

Given Ryan’s release of his new plan calling for territorial taxation of corporations comes this example of Apple from Kenneth Thomas, Middle class political economist econoblog: Apple Whines About Having…

What Will We Tell the Doctors?

…Lewis Thomas, The Youngest Science, p. 4 (Penguin, 1995 edition, quote via Google Books) Lost in the discussion of Paul Ryan’s “plan” is the group of entrepreneurs that will be…

How Big Should the Financial Services Industry Be ?

…small banking industry of the nineteen-fifties is understandable. Unfortunately, the only way to do that would be to bring back the economy of the fifties, too.” and outsourced to Thomas

In the words of a founder

Thomas Jefferson wrote a dire warning about banks and debt: ‘If the American people ever allow the banks to control the issuance of their currency, first by inflation and then…