The Angry Bear

Steve Roth  (at Asymptosis) I just had occasion, in replying to a correspondent, to reiterate much of the thinking in my recent MMT Conference presentation. I thought it might be a useful and comprehensible form for some readers, so I’m reproducing it here. I’ve also explained this at somewhat painful length here. Correct me if I am wrong but what you are saying extends MMT into the private sector. The govt boosts balance sheets with...

Mission of Mark Cuban Cost Plus Drugs The following is Mark Cuban’s pitch on supply drugs. If you do not have healthcare insurance which pays for drugs you more than likely going to pay list unless you have a drug store discount such as GoodRx. Mark Cuban talking pharmaceuticals and costs: We started Mark Cuban Cost Plus Drug Company because every American should have access to safe, affordable medicines. If you don’t have insurance or have a...

In the Washington Post David Lynch (no not that David Lynch) reports that “Falling inflation, rising growth give U.S. the world’s best recovery.” lternative titles Handling the blue team with velvet gloves (not used as it alleges bias when the article merely reports the facts without Ballance (TM) for once) Twin Peaks (inflation and GDP not used as it might invite a downturn and I am superstitious) The excellent article (just click...

CNN Tells Us, Young People can’t Afford Homes Even Though more Young People have Homes now than when Trump was in the White House, CEPR, Dean Baker Major media outlets continually push the theme that young people can’t buy homes even though a larger share of households headed by someone under age 35 own homes today than when Donald Trump was in the White House. CNN pushed its entry into the contest for the best “Death of the American Dream” piece...

Jamie Dimon says lower-income people need more help and he’d ‘pay for it by taxing the wealthy a little bit more’ Fortune Taxing the Rich? If he really wants to help the poor? Allow the tax breaks for individuals in the upper 20% sunset. reverse the tax breaks, and tax income from foreign enterprises. A little bit more below. Didn’t we just have a conversation about Jamie’s beliefs on taxes here at Angry Bear? If you forgot, you can find it...

The single most significant thing Republicans could do to reduce undocumented immigration is to require E-Verify for all hires and jail employers who don’t use it or who hire in spite of it. Why not use this?“At the same time, ordinary economic migrants could be most effectively dealt with via E-Verify. If you make it hard to hire undocumented workers, they’ll stop coming. The problem is that even immigration hawks tend to downplay this because it...

Weekly Indicators for January 22 – 26 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Every now and then the data has a particularly noisy week, and this past week seems to have been one, as a number of – especially coincident – indicators hit an air pocket. Perhaps more concerning is that the 4 week total of tax withholding YoY has gone negative again. But consumer spending, in both nominal and...

A long time ago, I was starting to envision how my wife and I might become a burden to our three children. I hooked up with AARP and took out a plan for Long Term Care which would cover us for four years. At the time, this was said to be the limit of life expectancy for a person entering these homes. And no, I am not advertising for AARP. We dropped the Part D and went with Well Care as we had no majr meds and WellCare did not have a monthly fee tied...

As far as you and I, antics in a court room would not have been acceptable. Trump is begging for a jail cell. Begging so he can claim to be a martyr for his beliefs. No feeding of the chimps no matter how much they jump up and down and toss excrement at you. It has to be frustrating to him that no one will react, January 26, 2024, Letters from an American, Prof. Heather Cox-Richardson This afternoon a jury of nine Americans deliberated for less...

This is mainly belated comentary on “How a Ragtag Militia in Yemen Became a Nimble U.S. Foe” I think there are lessons to be learned from the success of the Houthi militia in Yemen. The lesson I learn is the lesson I claim to have learned again and again — most US defence spending is wasted, because a huge amount is spent on expensive platforms rather than on smart munitions launched from lots of cheap platforms (drones and missiles...