(Not) Thinking About Money, Wealth Economics, Steve Roth (substack.com) It’s tempting to abolish the word entirely. Reprint from Wealth Economics. J.W. Mason offers a bang-up post on economists’ thinking about “money,” how economists have thought and talked about it over decades and centuries. There’s even a class syllabus and reading list from his class for his John Jay MA econ students. It’s a very deep dive. (“Thirteen Ways of Looking at...
Read More »The Renaming of Bird Species Honoring historical figures
In Michigan, we had a feeder about 20 feet from the deck. We would get different species . Flickers, Downey Woodpeckers, Chickadees, Nut Hatches, Wrens, the common sparrows, etc. The Nut Hatches and Chickadees were the acrobats and would hang upside down. When the feeder would empty out the Chickadees would hang around on the feeder hanger and watch me take the feeder down. I would fill it, rehang it, and they would still be looking down or...
Read More »MMT and the Wealth of Nations, Revisited
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...
Read More »Young people can’t Afford Homes
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...
Read More »Ten Drugs Medicare Will Negotiate New Drug Pricing
Or a Tale of two Pricings for the Same Drug, One for the US and another for other countries. Eventually Medicare is going to get around to negotiating with these ten companies for the ten drugs in question here. As taken from one section of Lever News, I have reposted the finding of those ten drugs. What you will see is the pricing for the United States as compared to the pricing in other countries. I do not believe many people are aware of how...
Read More »In-Box Topics Which May be of Interest
Topical Emails from all different sites. Pulled from my In-Box and which I have no time to write about. Thinking, they still may be of interest to readers who visit Angry Bear. Please be topical or at least close. Healthcare Our Healthcare Data Infrastructure Is Abysmal, MedPage Today, John (Xuefeng) Jiang. Is our healthcare data infrastructure prepared for the next health crisis? Our research indicates it is alarmingly unprepared. A New...
Read More »Elmore Nickleberry, Memphis sanitation worker 1968
Kind of hard to keep track of this these days. In 1968, I left for the Corps, Boot Camp and then over to Fort Monmouth to be trained as a Crypto Tech. I was sent back to California and the to Camp LeJeune, North Carolina. Back and forth out of Cuba. Times are changing; but not fast enough for people who have been subjugated to a lifetime of discrimination. Can’t be many of those left who marched in this Memphis strike and then experienced the...
Read More »Claudine Gay and alternative facts
There is so much to say about the Claudine Gay affair, anti-semitism at Harvard, and Harvard’s response to recent student protests that I have opted to say nothing. But over at Café Hayek, libertarian economist Donald Boudreaux asks an interesting question: How does Claudine Gay’s “my truth” differ from Kellyanne Conway’s “alternative facts”? It seems to me that these ‘concepts’ share much with each other and that each is equally unwarranted. ...
Read More »Burning stuff is depriving us of years of healthy living
This piece by Lloyd Alter is about household indoor air contaminants. The reasoning for this is . . . Homes are far tighter than what they used to be by design. There is much less of an outside air exchange today. Unless, the home design allows it to breath. We are seeing a higher level of air pollutants which impact our health over time. Lloyd is asking us to step back and take a look at what everyday life dangers lie in within our homes....
Read More »Zoom -Meeting with Purdue’s Sacklers
Before you read the NPR article, I “will” make a few comments. In no way did the Sacklers not know of the impact of the OxyContin. The sale of it as being non addictive was made up from the get-go of the product. Indeed, one larger than life promotion of OxyContin was done with the misuse of the Jick and Porter letter as taken from The New England Journal of Medicine. In 1980, Doctors Jick and Porter had written a “one-paragraph letter” that...
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