The Angry Bear

Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.8 by Tom Walker Econospeak In “The Trinity Formula,” in chapter 48 of volume 3 of Capital, Marx returned to the contradiction between the forces and relations of production. This time, however, it was not to deplore or analyze the fetters but to examine the realm of freedom that would become possible when “socialized man, the associated producers, govern the...

Short answer: Lending, government deficits, capital formation, and holding gains by Steve Roth Originally Published at Wealth Economics I ended my last post with an apparent conundrum: “One person’s spending is another person’s income.” It seems to imply that spending and income must be equal. And since saving equals income minus spending, saving must be…zero? That’s obviously not the case. As I pointed out, other people’s spending is not...

Elena Kagan Is Horrified by What the Supreme Court Just Did. You Should Be Too. by Mark Stern SLATE Jurisprudence This is part of Opinionpalooza, Slate’s coverage of the major decisions from the Supreme Court this June. Alongside Amicus, we kicked things off this year by explaining How Originalism Ate the Law. The Supreme Court fundamentally altered the way that our federal government functions on Friday, transferring an almost...

The particular tactic used by trump has a name for it. Gish Gallop which is a technique, named after the creationist Duane Gish who employed it, whereby someone argues a cause by hurling as many different half-truths and no-truths into a very short space of time so that their opponent cannot hope to combat each point in real time. This leaves some points unanswered and allows the original speaker to try and claim his opponent lacks the...

When I was in junior high, most girls took home economics and most boys took shop. What I recall hearing about home ec is that it taught some cooking and sewing skills, and how to shop for food. It may have also taught how to balance a checkbook. I ended up learning those things on my own.Kevin Drum has a post over at jabberwocking.com summarizing a recent bill in California requiring a class in financial literacy for all high school students. Read...

What Chief Justice Roberts is saying is the justices know more than the scientists and engineers know. This was done in a decision which the agency experts immediately criticized. The issue being potentially undermining decisions by scientists and the very same agency experts. The 6-3 and 6-2 decisions brought by fishing operators in New Jersey and Rhode Island challenged a National Oceanic and Atmospheric Administration rule. The court’s ruling...

After Decades of Costly, Regressive, and Ineffective Tax Cuts, a New Course Is Needed, Center on Budget and Policy Priorities Part 2 Steps to Creating a Better Tax System (a given) Instead of doubling down on the flawed trickle-down path of the Bush and Trump tax cuts, there are opportunities to work toward a tax code that raises more needed revenues, is more progressive and equitable, and supports investments that make the economy work for...

AB: I am always looking for these types of articles. They offer up explanations on how certain government policies and acts impact the nation’s economy and its citizens. Been a while since I looked at the 2001 and 2003 tax breaks. Steve Roth and I were exchanging emails on the more recent Republican 2017 tax break. There is so much wrong with these tax breaks. The latest one passed using Reconciliation. The 2017 tax break for the 1-percenters has...

As usual and as expected (for me anyway), I pulled up Abdul – Jabbar to get his perspective on the first presidential debate between cough-cough x-president trump . . . a proven liar and President Joe Biden. I read the other blog sites and substacks that want me to pay to read them plus an ability to comment. They are all clanging a 4-alarm fire. And why would I pay to comment there when I can do so at Angry Bear? Just some commentary between us...

Recent end-of-session SCOTUS Decisions. In no particular order. Still, some are left to be decided. SCOTUS Decisions by Amy Howe SCOTUS Blog (except where cited from elsewhere) Are there no Union workhouses? The Treadmill and the Poor Law are in full vigor? Compliments to Scrooge . . . Grants Pass v. Johnson was decided in favor of Grants Pass. Besides several trips to jail and fines, there does not appear to be an alternative other...