Tag Archives: politics

As read at Naked Capitalism, Yves Smith writes . . .”This post provides a high-level debunking of the Fed/central bank approach of squeezing wages as the first line of attack against of inflation. It cites the views of James Galbraith. If you’d like to read a fuller discussion, please see his article The Quasi-Inflation of 2021-2022 – A Case of Bad Analysis and Worse Response.” NYT Says More Worker Suffering Needed to Bring Inflation Down...

Some confounding SCOTUS decisions which do not have logical backing and are more partisan than normal. There is no standing on either of these cases. 303 Creative LLC v. Elenis This SCOTUS ruling is puzzling to me in that it brings up the question in my mind of when is harm done? “303” was not asked to make a cake. It did not refuse to make a cake. It assumed the law would be enforced upon them, if they refused to make a cake for a same-sex...

This is a pretty good take on what happened at SCOTUS for 303 Creative LLC v. Elenis and Nebraska (which had no standing) v. Biden. Recently and along similar circumstance, the court rejected complainants’ cases due to not having standing. In this instance, the court changes its tune. Ankush explains the reasoning for the court’s decision being flawed better than I do. I resurrected an older post done by an attorney about Roberts which I will...

This is a long post. Briefly in the beginning, the article discusses what the 340B program is about. It is pretty simple. The government has the pharmaceutical companies provide drugs to low income neighborhood facilities at a much lower price than what they would charge to hospitals in higher income areas. This is based upon the income of patients coming to the hospital. The hospitals are to pass the savings on to the patients. For some reason, the...

History Rhymes Again – Civil Discourse, Joyce Vance, substack.com. Just over 60 years ago, Alabama’s segregationist governor, George Wallace, made his infamous stand in the schoolhouse door, barring the path against court-ordered integration at the state’s flagship university. It was June 11, 1963. Wallace, in his inaugural address, had promised voters “segregation now, segregation tomorrow, segregation forever.” But Wallace’s defiance...

Calculated Risks Bill McBride Fed Chair Jerome Powell is participating in a panel discussion today at the European Central Bank (ECB) Forum on Central Banking 2023 in Sintra, Portugal. Federal Reserve Chairman Jerome Powell talked tough on inflation Wednesday, saying at a forum that he expects multiple interest rate increases ahead and possibly at an aggressive pace. From Jeff Cox at CNBC: Powell says more ‘restriction’ is coming, including...

Corporate profits have contributed disproportionately to inflation. How should policymakers respond? Economic Policy Institute, Josh Bivens The inflation spike of 2021 and 2022 has presented real policy challenges. In order to better understand this policy debate, it is imperative to look at prices and how they are being affected. The price of just about everything in the U.S. economy can be broken down into the three main components of...

Important Cases to be decided by SCOTUS. Affirmative Action, Student Loans, Gay Rights, Religious Rights, and some Voting (still remains). Some important issues left which will either please or displease many people. Open Thread June 24, 2023 SCOTUS and Standing, Angry Bear, Angry Bear Blog Tags: affirmative action, Gay Rights, Students, voting...

Yeah, I left one part of the title out . . . “Job Loss.” I do not believe there will be any. If there is it will probably be minimal and there will be other jobs we can go too. I believe in the ability of people to think there way out of things, making decisions on the spot, and based upon the knowledge they have while adapting to a changing environment. Believe it or not, that is much of supply chain. Dean Baker says the same. Only for different...

As you may recall, Angry Bear has discussed Medicaid purges, why they are happening, and who are impacted by disenrollment. You can find our commentaries here, here, and here. Most recently . . . Medicaid Enrollment and Unwinding Tracker, KFF, June 20, 2023 At least 1,514,000 Medicaid enrollees have been disenrolled as of June 22, 2023, based on the most current data from 25 states and the District of Columbia. Overall, 37% of people with a...