The Angry Bear

The rise and fall of the Roman Republic: part 1 of 4: Structure and Background “Mortal Republic: How Rome Fell into Tyranny,” by Edward J. Watts“The Storm Before the Storm,: The Beginning of the End of the Roman Republic” by Mike Duncan“Ten Emperors: Roman Emperors from Augustus to Constantine,” by Barry Strauss I’ve recently mentioned that lately I’ve been unable to read most American history books, with their currently unwarranted chipper optimism....

David Axelrod interviewing former Senator Harry Reid on the Axe Files There is too much going on with Trump and I believe he is purposely doing much of this as a distraction and also to antagonize Democrats. Abandoning the Kurds certainly draws a response from Democrats and most of the Republicans remain silent on things they know to be wrong. For some reason I believe he is setting the stage for something else to occur. If we as Democrats are wrong, all...

The Ultimate Solution Yes, Trump really said that.  The Syrian Kurds, who have been where they are about to be ethnically cleansed out of, are welcoming “the ultimate solution,” just like Jews in you know where were welcoming “the final solution.”  Of course they must accept this because they are “no angels,” “communists,” and “worse then ISIL.” So much for a “post-socialist” Bookchinite cooperative system.  But, hey, they are all so fortunate to have...

Mike Pompeo Reminds Me of Al Capone How to say in Latin that our Secretary of State is pompous and dishonest as it gets? Oh yea – if one says “quid pro quo” in English, it never happened. These unbelievable stupid excuses for denying what is plainly true – that Trump extorted dirt on Democrats from Ukraine by withholding military aid – is insulting as they are treating us like “chumps” to paraphrase Leon Penatta. But even more insulting is this:...

The ICER (Institute for Clinical and Economic Review) Is an independent and non-partisan research organization. Its purpose is to evaluate the clinical and economic value of prescription drugs, medical tests, and health care and health care delivery innovations. ICER conducts rigorous analyses of all clinical data with key stakeholders to include patients, doctors, life science companies, private insurers, and the government and translate the evidence...

An Increasingly Divergent US Economy Lots of people have been huffing and puffing about whether or not the US economy will go into a recession in the near future, with Menzie Chinn and Jim Hamilton at Econbrowser saying it is now about 50-50 whether or not the US economy will go into recession by the end of 2020.   I do not have a horse in that race, but I am struck that a new odd phenomenon has recently appeared in the US economy, a split between...

Positive housing, initial claims, and Philly Fed outweigh negative industrial production So, after a nearly empty week until now, there were four economic reports this morning. Three of them were good. First, although overall housing starts and permits declined, single family permits, the most forward looking and least volatile of the metrics, were only 3000 off a new  expansion high (red in the graph below, vs. multi-family permits): Housing’s...

A Nobel for the Randomistas I don’t think anyone was surprised by this year’s “Nobel” prize in economics, which went to three American-based specialists in the design of on-the-ground experiments in low income countries, Abhijit Banerjee, Esther Duflo and Michael Kremer.  I think the award has merit, but it is important to keep in mind the severe limitations of the work being honored. The context for this year’s prize is the long, mostly frustrating...