Student Debt Abolishment: A Game-Changer

Happy Easter, or happy whatever way you celebrate the coming of spring. Yesterday the good Christian Tim Walberg, who has ineffectually represented a chunk of southern Michigan in Congress since 2010, apparently called for us to use nuclear weapons in Gaza to “get it over quick.” He was, of course, once a Bible salesman. Jack Lessenberry Tags: Evolution...

by Dale Coberly No. It’s not. Here is why. The argument for ending the tax on Social Security benefits seems to be that “it is a tax on a tax”, double taxing, and not fair. Even the good guys believe this. But they are wrong. Consider,  You pay income taxes on your ordinary income.  Then you may take your after tax income and put some of it in a savings account which earns interest.  Then you pay income tax on the interest you earn. ...

from Lars Syll The simple question that was raised during a recent conference … was to what extent has — or should — the teaching of economics be modified … The simple answer is that the economics profession is unlikely to change. Why would economists be willing to give up much of their human capital, painstakingly nurtured for over two centuries? For macroeconomists in particular, the reaction has been to suggest that modifications of existing models to take account of ‘frictions’ or...

The affliction of short-termism. 

 – by New Deal democrat The Bonddad Blog As usual, the new month’s data starts out with information on manufacturing and construction. To repeat what I have said often recently, these are the two sectors I am paying particular attention to for forecasting purposes this year. The ISM manufacturing index has been a good leading indicator in that sector for 75 years. The difference over time, especially the last 20 years, is that manufacturing...

I grew up in the American South as the end of apartheid. I remember the first Black kid who showed up in my 3rd grade and how the teacher prepared us for his arrival the day before. I remember the race riots of the ‘60s and I remember where I was when I learned MLK had been assassinated at the other end of the state.Yes, we’ve now had a two-term Black president (although his legitimacy was questioned by many, including the current GOP candidate for...

Why Marx Got It All Wrong

Angus Deaton on why and how economics must change .[embedded content]

When I think of the places on the planet that seem optimized for solar and wind power generation, I think of deserts like the Sahara and the desert Southwest in the US. And yet Germany is generating a growing share of its electricity through these renewables:“Preliminary data by energy market research group AG Energiebilanzen (AGEB) showed that onshore wind turbines produced a record 114.2 terawatt hours (TWh) in Germany in 2023, while solar PV...