[unable to retrieve full-text content] – by New Deal democrat There were two important points in this morning’s personal income and spending report for January. The first is that there appears to be some unresolved seasonality at work. The second is that nevertheless both were weaker than one year ago. Nominally personal income rose 0.9%, while spending declined -0.2%. Since […] The post January income and spending show unresolved seasonality in a typical late cycle...

[embedded content] This is the full round table on Inflation and Monetary Policy organized by the Bucknell Institute for Public Policy (BIPP), with Franklin Serrano, Ricardo Summa and Nathalie Marins.

[unable to retrieve full-text content]Back in the early 80s, Marshall and Warren made the link between gastric ulcers and Helicobacter pylori infections. Suddenly, a painful chronic condition that increased the risk of stomach cancer was curable with antibiotics. A major public health scourge today in America is dementia, particularly Alzheimer’s disease. There’s growing evidence that periodontitis is linked to […] The post Dental health and mental health appeared first on...

[unable to retrieve full-text content]With all the focus on Medicaid, I have been wondering; why haven’t we heard from the long-term care industry? Surely they must be hearing about the potential cut of $880 billion within the Medicaid budget. Oh, and this is a minimum directive given to the committees of jurisdiction as noted in their 58 page budget […] The post I Guess the Nursing Homes don’t care appeared first on Angry Bear.

[unable to retrieve full-text content]More political coverage this morning. If one can call it such. Trump lying about Medicaid and Musk doing the same about his cost cutting activities which is causing injury to millions of people. ~~~~~~~ He’s lying about what we did in the Clinton administration, lying when he says public servants are our enemies, and lying […] The post Musk and his lies, lies, and more lies appeared first on Angry Bear.

[unable to retrieve full-text content]At the most. The GOP leadership keeps trumpeting work requirements and fraud when asked where they’ll find $880 billion in cuts to health care programs. That’s nonsense according to Merrill Goozner. The fraudulent work requirement meme, GoozNews I was glad to see fellow substacker Paul Krugman weigh in this morning on how the Republican Party is attacking […] The post Medicaid Fraud Reduction Might Save $50 Billion appeared...

Models and evidence in economics Analogue-economy models may picture Galilean thought experiments or they may describe credible worlds. In either case we have a problem in taking lessons from the model to the world. The problem is the venerable one of unrealistic assumptions, exacerbated in economics by the fact that the paucity of economic principles with serious empirical content makes it difficult to do without detailed structural assumptions. But the...

[unable to retrieve full-text content]Cruel and Usual: Republicans Prepare to Gut Medicaid – by Paul Krugman West Virginia is a very red state; Donald Trump received more than two thirds of its votes last year. It’s also a poor state, left behind by the 21st century economy. Because incomes are low, it pays very little in federal income taxes — less […] The post Taking Medicaid Away from Those Who Need It the Most appeared first on Angry Bear.

[unable to retrieve full-text content]– by New Deal democrat This week’s report on initial jobless claims was of particular interest, because of the issue of whether Federal employees laid off by the new Administration would cause an increase. It appears they did. Initial jobless claims rose 22,000 for the week to 242,000, and the four week moving average rose 8,500 […] The post The end of “steady as she goes” in jobless claims? appeared first on Angry Bear.

[unable to retrieve full-text content]As the American population ages, the burden of dementia care is increasing. While the GOP congress hopes to ease that burden by cutting Medicaid funding and letting those folks die*, RFK Jr is tackling the prevention side to make sure more Americans and their loved ones suffer from this awful condition: “Robert F. Kennedy Jr., […] The post RFK Jr wants to cut Alzheimers research appeared first on Angry Bear.