Tag Archives: Education

Asymptosis » Economic Origin Stories and the State of the World, Steve Roth. Origin stories and creation myths pack a pretty hefty weight of import in human understandings of the world. Examples are too numerous to mention. What I’ve noticed in the field of economics is such origin stories are often taken (mistakenly) to fully explain the current state of affairs. I’m going to discuss two examples here. 1. Why Money Has Value. The “double...

Just an old commentary from 2006 as written by Mark Thoma when he was writing Economist’s View. If you don’t know, Mark discontinued his writing there and retired. I see him now and then (or used to) on Facebook. Here he gives a bit of history on Adam Smith. “The Many Faces of Adam Smith“ This column by Alan Krueger from 2001 is a reminder that Adam Smith was not a “narrow, unyielding defender of unfettered free enterprise”: The many faces...

Final COVID-19 update for 2023: mainly good news (at least on a comparative basis)  – by New Deal democrat Here is the status of the COVID-19 pandemic as of the end of 2023. It’s mainly “good news,” at least on the comparative scale. But as (now) per usual, we are in the midst of the Thanksgiving through New Year’s surge. Let me start with infections, which these days can only be inferred from wastewater sampling. Per Biobot, we currently...

On this day when we like to review the whacky, crazy crap that has happened, here is something that fits. Though, not from last year. It is easy to see how conspiracy develops when learning of such past. It’s not just the uneducated that create the nuttiness. It is not just the lack of knowledge that will lead oneself down the rabbit hole. We seem to have a knack for creating institutional lunacy from the application of deference. Add some...

I got my BA from the University of Tennessee-Knoxville in 1977. At the time, the university charged no tuition, but “fees” were about $165/quarter for a full load. Of course, as a state university, it was heavily subsidized by state tax dollars. Quite a feat for a state that has no income tax.The business model for higher education has been changing for a while. Small private colleges are closing or merging because of declining enrollment. State...

NPR Nails It: Highlights Two Programs That Make a Difference to Millions, Center for Economic and Policy Research, Dean Baker. Dean Baker: I’ve complained a lot about how the major media outlets seem to highlight every piece of bad news about the economy, while downplaying or ignoring altogether the positives. Given my complaints, I want to offer a word of praise to NPR. Last night, NPR ran two pieces highlighting programs that make a big...

A bit of history for Angry Bear readers which should be remembered. December 28, 2023, Letters from an American, Prof. Heather Cox Richardson On the clear, cold morning of December 29, 1890, on the Pine Ridge Reservation in South Dakota, three U.S. soldiers tried to wrench a valuable Winchester away from a young Lakota man. He refused to give up his hunting weapon. It was the only thing standing between his family and starvation, and he had no...

Introduction: “new analysis finds that that MSSP, the oldest and largest Medicare accountable care organization (ACO) program, has lost money for individuals it covers and overall for Medicare it saves just 75¢ per $1000.” AB: Not much of gain there. What does it do for other programs? “Largest ACO Program Saves Piddling Amounts for Medicare,” PNHP. As taken from “Estimated Savings From the Medicare Shared Savings Program,” JAMA Network,...

Either in the beginning of our trip or at the end of the trip, we would end up in Bangkok, Thailand. Our stay was at The Landmark Hotel which to my knowledge was a Thai hotel and our plant(s) put us up there and on the Executive floor. Centrally located, it was easy to get to the plants and the airport. What you are looking at is the lobby. To the left of the picture, you can see the check in-out counter. Super polite and always smiling. If...

I promised a second entry in the series, Soft Landing this time it’s monetary. The question is why didn’t the FED’s monetary tightening cause a recession. There certainly was tightening, the Federal Funds rate rose from 0.07% to 5.33% There certainly were people who predicted a recession in 2023 (hey they still have 4 days so I am giving a hostage to fortune). Indeed some forecasters put the probability at 100%. Why ? First...