Can it be truthfully said that “internal borrowing shifts the war burden to future generations while taxing places it on the present generation”? A thousand times no! The present generation must still give up resources to produce the munitions hurled at the enemy. In the future, some of our grandchildren will be giving up goods and services to other grandchildren. That is the nub of the matter. The only way in which we can impose a direct burden on the future nation as a whole...

Publications The OBR’s fiscal powers need a rethink Outdated fiscal assumptions are limiting the chancellor’s spending power by £8bn a year By Dominic Caddick 28 October 2024 Download the report...

I spend a lot of time these days thinking about what I, and Australia as a nation, should do if the US ceases to be a democracy. But, it doesn’t seem as if lots of other people are thinking this way. One possibility is that people just don’t want to think about it. Another, though, is that I’ve overestimated the probability of this outcome. To check on this, I set up a flowchart using a free online program called drawio. Here;s what I came up with I hope it’s self-explanatory....

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like Loading...

[unable to retrieve full-text content]– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. Ever since – and in response to – the really good jobs report early this month, interest rate yields on bonds have crept back up, giving back most of their summer gains. That puts some pressure on the long leading indicators. Also […] The post New Deal democrats Weekly Indicators for October 21 – 25 appeared first on Angry Bear.

[unable to retrieve full-text content]Eric Kramer’s Observation in his Post: “Pennsylvania canvassing report.” Eric: For those of you who are Harris supporters and looking for good news, one of my co-canvassers pointed out that we have seen no Trump canvassers and little evidence of past Trump canvass efforts (not much Trump literature on porches).  And we’ve been in very […] The post Canvassing and the Election appeared first on Angry Bear.

[unable to retrieve full-text content]Almost a wash according to a recent study. The study provides timely insights on a shift in health insurance coverage among working-age adults after the restart of Medicaid eligibility redeterminations in April 2023. As expected, one study documented large and significant declines in Medicaid coverage post-unwinding. Contrary to some expectations, the study found no statistically significant […] The post After Pandemic, Health Insurance for...

Biomedical, psychological, and social sciences are “soft” insofar as they focus on phenomena whose regularities are amorphous and situational (in contrast to the universal, exact laws which dominate physical sciences). In doing so, they must confront another major source of research uncertainty: Living organisms are characterized by natural variation and complex feedback within and across organisms, which introduces sampling variation or “noise” that we model as statistical...

[unable to retrieve full-text content]The plutocrats on the right want to dismantle the administrative state, so they say. Of course, their wealth derives directly from the fiction of private property and an administrative state is required to enforce that fiction. Their wealth is monetized in currency, which is another fiction that the administrative state holds a monopoly on. The […] The post The Administrative state appeared first on Angry Bear.

Over the rainbow (personal) Spending a lovely weekend on our island in the Karlskrona​ archipelago my loved one took this beautiful picture of an autumn rainbow. Pure magic!