The Angry Bear

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This is well outside anything I can claim to know much about, so I can’t vouch for it other than that it sounds right to me. From an Al Arabiya article entitled All you need to know about the Iran protests in 20 points: 1 On Tuesday, December 19, the Iranian government announced a new austerity plan. 2 The plan imposed a 50% increase in the price of fuel. 3 The government decided to cancel the monetary support of more than 34 million people. 6 In this...

The side bar ‘broke’ and I cannot access the code to fix it.  If you click on the title you want it seems to offer the correct format for individual posts.  I will work on it but am not a tech person.  I have notified MEV tech people, but it is the New Year weekend so am not sure when it will be fixed.   Sorry for the inconvenience.

As many academics and community activists – in fact, anyone woke – will tell you, the US is a racist society steeped in the white supremacy of its majority population. White people are haters who keep ruining things. Which is why reading this story in the LA Times about people from Africa trying to cross from Tijuana into San Diego is so hearbreaking. The article describes African refugees who have fled their homeland for safety, who have braved all sorts...

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 all defining focus of government in a democracy. Every policy made should be judged against this goal of ever greater equality as we use the tool called...

Jennifer Berkshire pointed Peter Greene to: The election of Donald J. Trump as president offers the best opportunity in decades to shrink the size and power of government and increase individual liberty.  So writes the Heartland Institute, a libertarian thinky tank, on a page devoted to all the Trumpian actions they approve of. This outfit was founded in 1984 by David H. Padden, a Chicago investor who had also been a director of the CATO Institute....

Five graphs for 2017:final update At the beginning of the year, I identified 5 trends that bore particular watching, primarily as potentially setting the stage for a recession in 2018. Now that the year is ending, how did they turn out? #5 Gas Prices One potential pressure point on the economy was gas prices, which appear to have made a long- bottom in January of 2016. As they began to rise, consumer inflation has increased from non-existent to almost 3%....

(Dan B. here…I think it is still appropriate as it is a lesson yet to be learned.) by Divorced one like Bush (2009) I think it’s time to reread the World Bank report on what creates wealth because it seems that the arguments against the stimulus are from a mind-set of very narrow thinking about what creates wealth. They all seem focused on what the World Bank report calls “Produced Capital”. Unfortunately, focusing on just that aspect of capital reduces...