Naive Economics for Kindergarten Kids

Interesting and brief piece by Dean Baker of CEPR in relation to price gouging. There continues to be a debate about the extent to which “price-gouging” or “greedflation” has been responsible for the rise in prices since the pandemic. We can debate the extent to which companies were able to take advantage of monopoly power during the pandemic. Whatever the cause, it is clear the profit share of corporate income has risen from before the pandemic...

Climate change is often dismissed as a minor inconvenience. The belief that it will only cause a 1.4% drop in GDP is laughable. This figure is based on models that ignore tipping points. Tipping points are like the moment a dam breaks. A small crack can lead to catastrophic failure. When climate models fail to account for these tipping points, they underestimate the damage. Real-world impacts will be far more severe. Imagine a factory that relies on stable weather patterns....

If this is going to be a close election between trump and Kamala Harris, I will be surprised, Trump just keeps babbling away with his commentaries. Taken from the reports I have read, the audience coming out to hear him speak, have been leaving early. The more desperate trump gets, the more he babbles. It will be interesting to see who shows up for the debate. The babbler or a thinking (if such can be done) trump. Enoy the read. September...

The one element we lack at Angry Bear is regular woman commenters and/or a woman writer. I have searched and asked. Explained it does take time and you are exposed to silly or rude comments. It is a different perspective coming from women. A perspective I can not present. Angry Bear has Annie’s permission to present her words at Angry Bear. This is a good commentary by Annie as taken from her site “annieasksyou.” Looking Toward Tuesday’s...

by American Economic Liberties Project Looks like tgings are being said that are no legally enforceable. Let me see . . . Deleted emails, Albertson’s CEO can walk away with a $40-something million bonus if he can close the deal, a special dividend to private equity investors worth $4 billion and paid with borrowed money, the $4 billion came after Albertsons swore to both a judge and to Congress that it was in “excellent financial condition.”...

It is an accurate rant and depicts what I see on the highway. I see much of this in Arizona where we live today. An explosion of oversized vehicles which typically do not carry anything but people. As one planning commissioner said to the builders, sixty percent of the vehicles being driven in southern Arizona are pickups. The implication here was driveways must be long enough to accommodate them so they do not block a sidewalk. And then, do the...

This report by Employ America was written the day before the Unemployment report was released on the 6th. There is another link to a report on Indeed at the end of this report. It too makes for an interesting tead. The good news from the August jobs report is the labor market is not weakening as quickly as July’s shaky report would have you believe. The bad news is the labor market’s strength is slowly fading. Time is a-wasting for the Fed to take...

Neoclassical Myths Exposed

Just like American companies, Volkswagen made the jump to EVs the technology of which is still being developed and just before the pandemic. Of course, the pandemic created an economic desert where people cut buying anything other than essentials. Fewer vehicles sold leads to an abundance of uncovered costs and debt. Can’t reduce the costs of a fixed asset such as a plant producing the vehicles. The next place to look for cost reduction is Labor. And...