The second part of my book proposal is a chapter outline and summary. I will be doing that on the installment plan, one chapter at a time. Below is a table of contents:Fetters/Der Gefesselte MarxAmbivalenceInversionAlienated labour and disposable timePauperism and “minus-labour”From sufficiency to planned obsolescence… and back?The revolutionary classA nation is really rich if the working day is 6 hours rather than twelve.The return of disposable time: time filled with the presence of the...

As has become abundantly clear during the last couple of years, it is obvious that most mainstream economists seem to think that Modern Monetary Theory is something new that some wild heterodox economic cranks have come up with. That is actually very telling about the total lack of knowledge of their own discipline’s history these modern mainstream guys like Summers, Rogoff and Krugman have.New? Cranks? Reading one of the founders of neoclassical economics, Knut Wicksell, and what he wrote...

Stjärnorna kvittar det lika .[embedded content] Till minnet av Bengt Nilsson. En vän av den sort som Gud inte gjorde någon kopia av — och som glömskan aldrig kommer att rå på.

I am not going to put Preston Mui’s entire Labor Market Recap May 2024: Still Cool report from Employ America up on Angry Bear. Most of all, I wanted his summation of what he was seeing. He gives up his reasoning as to why the two surveys differ. It is an easy read if you wish to indulge. He would probably appreciate the reading of his commentary like we at Angry Bear enjoy your reading it and comments. No place for comments. In entirety, it is a...

If you have been reading New Deal democrat’s over the weeks, you would already know the economy we have today is not for sure. The FED is holding the keys to a transition to a good economy favoring people or one that will punish people through no fault of their own. Houston, we have a serious problem: the two job surveys show two completely opposed economies  – by New Deal democrat In the past few months, my focus has been on whether...

I will probably have New Deal democrats’ commentary up on Angry Bear shortly. This arrived in my mailbox this morning. It would have been up much sooner for readers; except I am about three hours behind many of you. So, this is timely for me. I agree with Robert Reich and have said what he is claiming as far as corporate control of price increases blaming supply chain is also economic manipulation. It is no surprise to me. Corporations did similar...

1.0 Introduction This post outlines an unoriginal argument against Marx's version of the Labor Theory of Value (LTV), if that is the right name. Somehow, this post was obliquely inspired by Fabio Petri's recent working paper. Suppose technology, net output, and the real wage are given. Then the rate of profits and prices of production are determined. Suppose that the technology provides a choice of technique. Then the determination of the choice of technique requires an analysis at...

The Biden Administration executive order setting a numerical threshold to shut down asylum is a performative exercise in futility. It is also cruel.“This “asylum shutdown” will deny, in most cases, the right to seek asylum for migrants apprehended on the U.S. side of the border with Mexico. It goes into effect at 12:01 AM on June 5, and will remain in effect until two weeks after Border Patrol’s weekly average of migrant apprehensions drops below...

Center for Healthcare Quality and Payment Reform CHQPR I started reviewing rural hospitals a little over a year ago. Not much has changed. These smaller hospitals lack for resource and manpower because of their budget restraints. Services they provide may not be covered by a patient’s fees. As a result, they are always battling their budget. If they are a part of the 340B program and close to a city, larger hospitals may buy them out and take the...

Flying became more expensive. The last time we flew and whether I was American Advantage or not, there still was a fee to check bags. So we checked our bags outside of the terminal as it was easier and less expensive. There was never a fee outside of the terminal. Now there was. Once American put it into play, they started to charge. It was not a big deal to us. Overall, the airlines have a monopoly. And can get away with egregious actions. If one...