This is not 2016 and Trump got one hell of a shellacking from Harris in the debate. She was smiling . . . This forecast by Nate Silver seems to me to be a bit optimistic. about Trump in the lead with 60-something percent. After Trump’s debate performance with Kamala Harris, I do not see Trump winning. If he does, it will be slight. I still would not ignore Trump. We did one time before, thinking our vote would be funny. Against Hillary...

Surprises are coming.

What is heterodox economics? Based on our interviews, heterodox economics appears to be a positive project, inevitably defined somewhat in terms of the mainstream but not exhaustively so. It is also efficacious, with policy and real-world impact. It is a complex object, not amenable to definition by a single criterion. Its dimensions are partly intellectual, in terms of what it believes. It holds a realist position. It is concerned with asymmetric power...

Labor market remains strong. Even so, the Fed should cut rates in September (EPI) Two things are true right now for the U.S. economy:  The labor market is extraordinarily strong when judged by any historical benchmark.  The Federal Reserve is behind the curve in cutting interest rates and should start cutting rates at the Federal Open Market Committee (FOMC) meeting next week. To aim for something like a federal funds rate that is at least two...

from Lars Syll Few issues in politics and economics are nowadays more discussed — and less understood — than public debt. Many raise their voices to urge for reducing the debt, but few explain why and in what way reducing the debt would be conducive to a better economy or a fairer society. And there are no limits to all the — especially macroeconomic — calamities and evils a large public debt is supposed to result in — unemployment, inflation, higher interest rates, lower productivity...

 – by New Deal democrat I’m a little late to this, since FRED took its time updating, but the annual report of median household income for the US was released on Tuesday for 2023.  This is an important statistic about the well-being of, well, the median American household, so one of my pet peeves is that it is only released annually, and with a 9-month delay at that. So, Tuesday’s release tells us about where an important metric was about 18...

Banking Sector: The Real Problem?

This is a good update as done by Prof. Heather Cox-Richardson at Letters from an American. As Prof. Heather writes, Trump is denying the reality of his failure(s) during the debate, He took the bait VP Kamala Harris laid out during the debate hook, sinker, line, and the pole. It was brutal to watch. And funny as Trump got a well-deserved comeuppance. As I said Trump is in denial that he lost. Any offer for another debate with Harris is being...

Coverage denials as reported by the Commonwealth Fund today almost never happened in the past and was a rare occurrence. The insurance companies would concede to the findings of the examining doctors. The methodology being used today is to deny, deny, deny until the insured and the doctor give up. I think it was 1997 when a fictional story “The Rainmaker” became a movie, The issue was a bone marrow transplant which was denied by the healthcare...

Will mail slowdown affect your area? USPS won’t say, Save the Post Office Richmond Times-Dispatch: The USPS is proposing a new plan in order to keep itself afloat, and the plan involves slower mail in rural ZIP codes across the country. But the agency will not say which post offices will be affected. Postmaster General Louis DeJoy on Aug. 22 proposed what are being called “operational changes.” Since then, the Richmond Times-Dispatch has sought...