Tag Archives: Journalism

by Peter Dorman (originally published at Econospeak) “Rational” Optimism? I just finished this long, rather convoluted meditation on “rational optimism”.  Must we admit the world is getting better, getting better all the time? Really, there are two types of multidimensionality that need to be considered.  The first is that “better” is, if it’s anything, vector valued.  Many aspects of life go into its calculation, as well as the distribution of outcomes...

The Buchanan-MacLean Controversy The book, Democracy in Chains (with an even more lurid subtitle) by Nancy MacLean, a respected (until now) historian at Duke University makes a strong argument that the late James M. Buchanan of UVa, VaTech, and George Mason was the crucial link between the ancient states right racism of John C. Calhoun and the current Trump administration. From Calhoun, incredibly inaccurately labeled a “libertarian,” through the Agrarian...

In a recent email exchange with Yves Smith at Naked Capitalism: “This is not going to work with voters. Tom Frank has been all over this topic, saying again and again, the Dems are refusing to give up on their losing strategy of focusing on the 10%, and are trying to cover for their abandonment of middle and working class people with identity politics.” What Yves is commenting about is a recent post and the “ Better Deal” proposed by Schumer and Pelosi....

(Jefferson City, MO – Missouri NAACP State Conference Office) A travel advisory has been issued in the State of Missouri due to the sad passage of Senator Gary Romine’s Jim Crow Bill – SB 43 – and recent events throughout Missouri. The advisory means each individual should pay special attention while in the state of Missouri and certainly if contemplating spending time in Missouri. Unlike seasonal weather advisories, where no unnecessary travel on...

Via Slate by Dahlia Lithwick and Mark Joseph Stern: The Clarence Thomas takeover But Thomas is more than just the Trump administration’s philosophical hero. His once-fringy ideas are suddenly flourishing—not only on the high court, through his alliance with Gorsuch, but also in the executive branch. … Everywhere you turn in Trumpland, you’ll find a slew of Thomas’ former clerks in high places. They are serving in the White House counsel’s office(Greg...

Rasmussen poll shows GOP losing midterms in a wave I like K.I.S.S. methods, and I have decided that the easiest K.I.S.S. guide to the midterm elections is likely to be Rasmussen’s “net strong disapproval” spread.  The theory is that while voters who even weakly approve or disapprove of a President are likely to come out and vote in the Presidential election years, only those with strong opinion — a substantially smaller number — come out to vote in...

[embedded content] Go to 1:30 minutes into this clip and please watch the whole event. Jail and/or prison is not a fun experience and it was never meant to be. People are taken there for court determined reasons. I have heard my share of stories from reliable sources of what goes on there and how some who are charged with guarding the population take it to the next level. There is much talk about prison reform and I applaud the thought of it. However, the...

[embedded content] Go to 1:30 minutes into this clip and please watch the whole event. Jail and/or prison is not a fun experience and it was never meant to be. People are taken there for court determined reasons. I have heard my share of stories from reliable sources of what goes on there and how some who are charged with guarding the population take it to the next level. There is much talk about prison reform and I applaud the thought of it. However,...

I picked up this version 4 BS lies of Trump and Scott Walker’s Imaginary Foxconn Factory on Tom Bozzo’s facebook page where I stopped to see what he had to say as of late. While it is a great attention grabber, a link caught my eye in Wonkette’s article leading to this America and the Foxconn Dream . This morning Ken Thomas has his analysis Foxconn Cashes in for $3 Billion-Plus: Analysis up. The first being the wonkier, the 2nd is a Bloomberg discussion,...

James Kwak writes Introductory economics can be more misleading than it is helpful  (originally in Atlantic magazine).   Tim Worstall responds with  James Kwak sure doesn’t understand the economics of the minimum wage. Peter Dorman explains   Why you should never use a supply and demand diagram for labor markets. Richard Wolff  notes he thinks the debate is a distraction    Beyond the minimum wage debate ...