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

Wonder why we can’t solve problems? Consider BP’s latest ad, what you heard and the word “risk”.

By Daniel Becker An ad I’ve been seeing recently aired by BP is promoting how much work they are doing to clean up the oil spill. It is designed to leave you feeling comforted that they are on top of it, they are cleaning it up in a massive effort. Say, 29 million gallons of […]

The Kennedy-Webb Colloquoy on Liberty and Private Property: Want to make it a Seminar?

by Bruce Webb Scottish Professor Gavin Kennedy is the blog-proprietor of ADAM SMITH’S LOST LEGACY and a new (and continuing?) contributor to Angry Bear, most recently with Spare Us From the Invisible Hand. In an earlier post by Gavin Adam Smith in a Broader Legacy I responded to one of our regular Angry Bear glibertarians […]

Health Care billing examples. The "public option" can’t work.

by Divorced one like Bush For your consideration here are some real numbers from a Medicare Advantage policy via United Health Care Cat Scan billed $1042.00Not Covered $ 831.68That means the contracted charge for this service with UHC is $210.32.Copay $ 42.06UHC payment $ 168.26 The “copay” is 20%. Same plan has a “Deductible/Copay” individual […]

If You Think I Believe it’s 1931 Again, You Should Ask the Greek Guy

Via Robert’s Twitter Feed, and to avoid ranting about 401(k)s before the end of May, here’s a Rant Well Worth Reading. (Warning: PG-13 or R rating; D. Aritophanes channels The Rude Pundit). Clean Excerpt: What’s the catch? That’s the beautiful thing … there is none! It’s all totally risk-free for you from start to finish! […]

Income distribution and GDP, it matters

I should title this: Yeah, it is just like 1929 you freak’n see, hear and speak no inequality monkeys. I have this pile of income data sorted out from Saez’s work (the GDP is BEA). My thoughts regarding our economy is that income inequality (or equality) matters. It matters so much, that it is the […]

The WSJ version of History

An article on Che Guevara becomes surreal: For many Argentines, he evokes painful memories of the bloody 1970s, when young Che-wannabes took up arms in the name of revolution. The ensuing turmoil gave rise to a brutal right-wing military dictatorship. Yes, the families of the “desaparecidos” all consider Che the reason their family tree is […]

Two Things Someone Else Needs to Discuss

Since I’m trying to cut a 24-page paper down closer to 15 today, I’ll leave the Heavy Lifting to other. But two things probably should be discussed (or at least noted) here: Brad DeLong appears (to me) to confuse perceiving a move from Democratic Republic to Empire—and therefore away from any Competitive Advantage for the […]