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

“taking payment in yuan and using those yuan to buy Chinese goods”

Sounds like a strategy to me. Been to China multiple times. Interesting place to go. We would fly in Beijing. The plant manager’s vehicle along with two drivers would pick us up and take us to the plant in Tianjin. We would spend a few days there listening to the issues, taking notes, and discuss […]

The Stench of Corruption and Dictator-worship is Over-powering.

As you read Paul Krugman’s commentary on the Slaughter decision by SCOTUS, it is not that hard to understand why he is concerned about the results of the SCOTUS decision. I typically might say (in a normal situation) we could expect a president given this power would decide in a manner benefiting citizens. Not this […]

Healthcare in the United States

Curing U.S. Health Care, Part II Paul Krugman On March 23, 2010 President Barack Obama signed the Patient Protection and Affordable Care Act — usually referred to either as the Affordable Care Act or as Obamacare — into law. Joe Biden, then the vice president, could be overheard whispering “This is a big fucking deal.” […]

Sunday Question: Was Biden Economics Good or Was It Bad?

Yep, This one is from a couple of weeks ago. I like it because, we are seeing Trump destroy much of the economy, building debt, legislating tax giveaways to the upper 10% in the economy, snatching healthcare away from the middle and low in income citizens, and just being an ass. And Republicans are helping […]

“resurgence of shadow banking?”

There’s a whiff of 2008 in the air. “Private Credit and the New World of Financial Risk,” Paul Krugman On July 15, 2007, the New York Times published an article titled “The richest of the rich, proud of a new Gilded Age.” The article was centered on a profile of Sanford Weill, CEO of Citigroup, who, like […]

Trump Tariffs, Who Pays?

Warning: Today’s Post Will be even Wonkier Than Usual . . . Until recently the question of who pays tariffs (Paul Krugman) wasn’t controversial among economists. The overwhelming consensus was that under normal circumstances tariffs — taxes on imported goods — are passed on to consumers in the form of higher prices. There are caveats […]

What is There to Understanding the Need for Healthcare Insurance?

Paul Krugman on a November Thursday talking insurance. We have mandatory auto insurance. We have life insurance, unemployment insurance, home owners insurance, travel insurance, etc. Yet for some reason the nation can not get into their head the need for healthcare insurance for all whether it is commercial or government backed. The person in the […]