The Angry Bear

Robert Waldmann caught this tweet: The North Korean national anthem was played at a Virginia Women for Trump gala. It was to pay tribute to the Trump-Kim Summit. https://t.co/ZytMX9gVbd — Kyle Griffin (@kylegriffin1) June 28, 2018

The Mezzogiorno Problem Revisited I have recently returned from participating in a conference in Naples, Italy on “The Economy as a Complex Spatial System” where there many papers and much discussion about the longstanding poverty problem in southern Italy, long labeled “the Mezzogiorno problem.”  Mezzogiorno literally means midday or noon, but has long been applied to southern Italy because it is sunny, and middays are supposedly sunny.  Unfortunately...

Anthony Kennedy will retire July 31. This gives Trump and Republican Senators a chance to nominate and confirm a fifth hard right justice. Already the Court has become extremely ideological and activist. Today it declared that Unions couldn’t require employers to pay the union a a fixed amount per worker, because that allegedly violated the first amendmenr rights of workers in unionized workplaces which disagree with the union leadership. This is...

“I have rarely seen so much inconsistency and even hypocrisy from the Supreme Court as in its decision to uphold President Trump’s travel ban.” On the Colorado SCOTUS Decision A few weeks ago, the court found that members of the Colorado Civil Rights Commission had expressed impermissible hostility to religion because of relatively mild statements that every business in Colorado should serve all customers regardless of the owner’s religion, and that...

(Dan here….lifted from comments, lightly edited for readability) by Dale Coberly I’ll offer my own answer to the question. (of Morality in Capitalism post here) “Capitalism” offers itself as the answer to morality. always in some version of the Ayn Randian “life is time and time is money so taxes are not only theft, they are murder.” The truth is there is no conflict between capitalism and morality any more than there is a conflict between capitalism and...

(Dan here…re posted from March 7, Angry Bear) by run 75441 There are no loud guns shots in the middle of the night. No screams for help or sounds of cars speeding away. No police sirens or flashing lights. It is pretty quiet when someone ODs on Opioids unless someone finds them before it is too late. As I wrote earlier; “From 2006 to 2015, pharmaceutical companies spent $880 million in lobbyingstate and federal legislatures and contributing to campaigns...

I almost always agree with Kevin Drum who is, among other things, a brilliant economist even thoug (or largely because) he didn’t study economics much in college. But I don’t entirely agree with his one minute explanation of the importance of the yield curve for macroeconomic forecasting. the ever-fascinating yield curve, which tracks the difference between long-term and short-term treasury bond yields. Normally the long-term yield is higher to compensate...

(Dan here…From Esquire comes this note from the Boston Globe): We begin with good news up here in the Commonwealth (God save it!), where Attorney General Maura Healey, who does not punch down, has opened hostilities against the pharmaceutical companies that have raked in the profits from the opioid crisis. From The Boston Globe: She asserts that the privately held company and 16 of its key directors and executives actively obfuscated the truth about...

by Peter Turchin What Is the Role of Morality in a Capitalist Economy?  published at Evonomics is worth a visit…it is academic but can offer material for discussion, involving several economists.  I am not going to try to summarize.