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

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Labor versus Market and Demand

…Job creation (top left) has slowed to a crawl, but the unemployment rate (top right) has only edged up over the past year, suggesting that a softening demand for labor…

More than an election message

…automatic reasoning and decision-making. … This messaging system has existed and has been extended and strengthened over many years. Democrats have a few of these elements, but they are relatively…

Raising Future Taxes Yet Again

Well, it looks like they finally did it. Congressional Republicans agreed yesterday on new ways to raise future taxes. They’ve proven quite expert at cutting today’s taxes and paying for…