AB was off the internet. Just about the time I called our hardware computer company, we came back up again.

I put this in line for posting maybe today (Monday), asked Joel to look at it and offer an opinion on it, and was wondering if it had any consequence. By that I mean, the term fascism, fascist, etc. is becoming a popular term in people’s commentary, and is not a scary label when applied anymore. The not so supreme court decided today, our last president is immune from any prosecution for his criminal activities. For all intents and purposes, he...

[embedded content] Podcast with about the never ending crisis in Argentina with Fabián Amico, and myself and interview by Carlos Pinkusfeld Bastos and Caio Bellandi from the Lado B do Rio Revista, and sponsored by the Centro Celso Furtado (Carlos is the director). In Portuguese (but fine if you speak Spanish or at least Portuñol).

Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.8 by Tom Walker Econospeak In “The Trinity Formula,” in chapter 48 of volume 3 of Capital, Marx returned to the contradiction between the forces and relations of production. This time, however, it was not to deplore or analyze the fetters but to examine the realm of freedom that would become possible when “socialized man, the associated producers, govern the...

Short answer: Lending, government deficits, capital formation, and holding gains by Steve Roth Originally Published at Wealth Economics I ended my last post with an apparent conundrum: “One person’s spending is another person’s income.” It seems to imply that spending and income must be equal. And since saving equals income minus spending, saving must be…zero? That’s obviously not the case. As I pointed out, other people’s spending is not...

Elena Kagan Is Horrified by What the Supreme Court Just Did. You Should Be Too. by Mark Stern SLATE Jurisprudence This is part of Opinionpalooza, Slate’s coverage of the major decisions from the Supreme Court this June. Alongside Amicus, we kicked things off this year by explaining How Originalism Ate the Law. The Supreme Court fundamentally altered the way that our federal government functions on Friday, transferring an almost...

The particular tactic used by trump has a name for it. Gish Gallop which is a technique, named after the creationist Duane Gish who employed it, whereby someone argues a cause by hurling as many different half-truths and no-truths into a very short space of time so that their opponent cannot hope to combat each point in real time. This leaves some points unanswered and allows the original speaker to try and claim his opponent lacks the...

.[embedded content] When your belly’s empty and the hunger’s so real And you’re too proud to beg and too dumb to steal You search the city for your only friend No one would you see You ask yourself, who’s watched for me A solitary voice to speak out and set me free I had to say it I hate to say it, but it’s probably me

 Back in April, the Atlanta Fed's first GDP forecast for Q2 was 4.2%. I said that was ridiculous based on the year-over-year drop in net government transfers. I said they would have to revise that lower, probably equal to Q1 GDP of 1.6% if that. And sure enough, they did...FIVE TIMES, until they got it down to 1.5%-1.6%.Then, because of one strong retail sales report in May, they boosted it back up to 3.2%. Once again, I said they'd have to bring that down because the year-over-year drop in...

When I was in junior high, most girls took home economics and most boys took shop. What I recall hearing about home ec is that it taught some cooking and sewing skills, and how to shop for food. It may have also taught how to balance a checkbook. I ended up learning those things on my own.Kevin Drum has a post over at jabberwocking.com summarizing a recent bill in California requiring a class in financial literacy for all high school students. Read...