This is for my commonplace book. "It is true that some lengthy or roundabout processes are physically efficient. But so are some short processes. Lengthy processes are not physically efficient because they are long. Some, probably most, lengthy processes would be physically very inefficient, for there are such things as spoiling or wasting with time. With a given labour force there is a definite limit to the quantity of labour embodied in roundabout processes which can be used to...

I very much agree with these findings. With Trump, the nation and labor would have floundered. WE are lucky he had the wherewithal to act quickly with the right stimulus to support job growth. Two months after Dean’s post the nation is still going strong. Christmas maybe good for many. U.S. Workers are Far Better Off Than Four Years Ago – Center for Economic and Policy This is not a tough one. First and foremost, workers are better off...

from Feedspot The best Economics Book blogs from thousands of Book blogs on the web and ranked by traffic, social media followers & freshness. Economics Book Blogs Here are 15 Best Economics Book Blogs you should follow in 2024 1. Real-World Economics Review Blog The Real-World Economics Review blog serves as a critical platform for economists, scholars, and thinkers who challenge mainstream economic theories and advocate for more realistic, socially relevant approaches. It brings...

Court likely to let Biden’s “ghost guns” regulation stand, SCOTUS BLOG I used the word firearms so as to include rifles also. I do not know from where the word “guns” evolved. Maybe those old Westerns? To this old Marine Sergeant, it is a firearm, a rifle or a pistol. If you were careful, one could probably assemble a firearm from various other unusable weapons to make one good one. What the law does is make illegal the sale of the types of...

“My Lords, in taking part in this debate, I must declare an interest: recently, I was a victim of the committee chaired by the noble Baroness, Lady Manningham-Buller. Although this is not the kind of interest a Member is normally obliged to declare, I believe that my personal experience has given me a certain insight into the way the system works, which may be of public interest. I welcome the committee’s aim to shorten and clarify the code and guide wherever possible—they require...

Short article on Stephanie Kelton's The Deficit Myth.Daily KosThe Deficit, the National Debt, and why we don’t have to worry about them.John Rudden

This is just a partial of a much longer commentary by Health Affairs on Employer healthcare insurance for single employees am employees with families. “Health Benefits In 2024: Higher Premiums Persist, Employer Strategies for GLP-1 Coverage and Family-Building Benefits,” Health Affairs. I have used two of the charts to emphasis what is occurring. The first chart will show the variance between single and family coverage 1999-1924. The second chart...

Cut 80 percent of government? Sounds good, but what if we cut 80% of Tesla‘s customers? 

Real aggregate payrolls and inflation preview for September  – by New Deal democrat Tomorrow consumer prices for September will be reported. It’s almost certain that the best short term forecasting tool from the employment report, real aggregate payrolls, will increase once again. Let’s take a more detailed look. Post-pandemic, nominally aggregate payrolls have increased relentlessly. Consumer prices increased almost as relentlessly until...

On the East Coast of Florida, but we’re starting to feel the wind here too.