Tag Archives: politics

by New Deal democrat Larry Summers: genius economist, failure at Psychology 101 One of my recurring themes is how macroeconomic theory, no matter how elegant mathematically, consistently errs because it fails to take into account basic psychology — i.e., how the human animal actually works. A big component of this failure is that humans, like other primates and apparently like just about every other social species, are hard-wired to inflict punishment on...

A suggestion from Michael Halasy: The Randian Congressman Paul Ryan has turned off ALL of his public telephones & fax machines in response to protests in favor of the Affordable Care Act, Planned Parenthood, Medicare, etc. He is also NOT accepting signed petitions and is TURNING-AWAY voters who deliver the petitions. So, let’s see what 67 million postcards looks like in his driveway. Please start mailing postcards to his HOME: Congressman Paul Ryan 700...

by Barkley Rosser  (originally published at Econospeak) Saint Janet Yellen: The Best Fed Chair Ever? OK, so the immediate reaction of many to this title might be to laugh, but I challenge anybody reading this to name another Fed Chair who was clearly better than she is.  I do not think you can.  However, one reason why one may not think much about her is that things have been so inconsequential since she has been Chair.  Nothing much has happened.  She...

A little Ella Fitzgerald for you today. Kind of fits with what is going on in the US today. [embedded content] Over at Vox, Matt Yglesias has an interesting article on the Trump Transition Team ordering government economists to cook up rosy economic forecasts. With his far reaching economic “it will be great” promises during the election, delusional Trump has laid out a “blue skies” future which is likely unobtainable with the past economic growth of less...

by Sandwichman Recall and the General Strike The tradition of the oppressed teaches us that the “emergency situation” in which we live is the rule. — Walter Benjamin, On the Concept of History, 1940 Back in December, I posted Full Employment and the Myth of the General Strike to start the conversational ball rolling about the idea of a general strike. It was the middle post in a three-part series on full employment. Events move fast in 2017. In the past two...

A partial of the Republican plan: introduced by Rep. Mark Sanford (R-S.C.) and Sen. Rand Paul (R-Ky.), would end Medicaid expansion, decouple health insurance from employers, offer a tax credit of up to $5,000 to fund HSAs, and eliminate most regulations on what health plans must cover. Insurers would be able to sell policies across state lines; regulations that mandate birth-control coverage would be nixed. Hmmmm, that’s nice . . . This is about the...

by New Deal democrat A thought for Sunday: No, Trump isn’t imploding — but the opposition is broad and intense My post from two weeks ago, “No, Trump isn’t Imploding” got picked up by a few other sites within the past few days, and I wanted to follow up because we have a fuller picture of public opinion now. Basically, Trump still isn’t imploding. He is holding his base. In fact, there is a little economic evidence that they are putting their wallets where...

by Barkley Rosser                (originally published at Econospeak) The Scale Of Trump’s Yemen Botch It is  becoming clear that the scale of the botch by Donald Trump in Yemen in his first effort at a foreign military action is much greater than .first reported, as reported by Juan Cole.   Right from the start we heard that people in the military were complaining about poor vetting of intel and how there was more military resistance than expected, with one...

by New Deal democrat A thought for Sunday: of heartlessness, confidence and conviction First of all, let me join in full in the following from Calculated Risk: These are not normal times, and I can’t just post economic data and remain silent on other issues. Mr. Trump’s executive order is un-American, not Christian, and hopefully unconstitutional. This is a shameful act and no good person can remain silent. I believe that the sheer heartlessness of Trump’s...

(Dan here)n There are all sorts of ideas about what is going on right now in the US, and many proposed opinions. Yves offers an opinion on the Women’s March itself, but I am watching both locally and state wide (MA) where the follow up is actually happening, what forms it takes, and who is involved. Perhaps others can add knowledge and experiences to date. Certainly Democratic party leaders at the national level are searching for responses. I am going to...