Weeks ago I said if Elon wants to cut spending then he should cut interest payments. Kelton agreed.

[unable to retrieve full-text content]Brief commentary by Dr. Kahn who is in the thick of the discussion on Medicare Advantage Costs. Health Justice Monitor, Medicare Advantage Overpayment >$100 Billion, Jim (James G.) Kahn, MD, MPH Summary: Physicians for a National Health Program released a valuable summary of Medicare Advantage overpayments. The scope and scale is breathtaking: $100 billion annual payoff […] The post Payments to Medicare Advantage Plans is More Than What is...

.[embedded content] Riksbanken har en nästintill oinskränkt makt över penningpolitiken, en politik som i hög grad styr inflation, sysselsättning och ekonomisk stabilitet. Denna makt bör vara föremål för större demokratisk övervakning för att säkerställa att den överensstämmer med vad vi som samhällsmedborgare har för intressen. När man diskuterat  Riksbankens oberoende har man oftast definierat detta i förhållande till regeringar och intressegrupper. Men hur är det med...

Debunking the ‘natural rate of interest’ myth Keynes’s signal contribution was to switch the emphasis from interest rate adjustments to changes in income as the key macroeconomic adjustment mechanism. In so doing, he argued that the interest rate and asset prices adjust to clear balance sheets incorporating stocks, not flows, of financial claims. He pioneered national income accounting which now reveals the importance of leakages due to business saving,...

[unable to retrieve full-text content]I have begun a possibly long series on people’s heuristics and biases when we try to think about probability. I posted one explanation of the Allais Paradox. Click on the link for definitions as I go on assuming earlier posts have been read (this will create problems but I can’t avoid it). Briefly the Allais […] The post Allais Paradox II : Do Two Wrongs Make a Right? appeared first on Angry Bear.

[unable to retrieve full-text content]November 25, 2024 By Heather Cox Richardson Letters from an American Today, President Joe Biden laid out very clearly the argument behind the economic policies his administration has put into place. He writes . . . “When I took office, the pandemic was raging and the economy was reeling. From Day One, I was determined […] The post Investing in People soon to be the One – Percenters appeared first on Angry Bear.

[unable to retrieve full-text content]Special counsel Jack Smith moves to drop both federal criminal cases against Trump, POLITICO U.S. District Judge Tanya Chutkan quickly granted the motion to dismiss Trump’s Washington D.C. case, in which he was charged with conspiring to subvert the 2020 election. A similar motion in the Florida case, in which Trump was charged with hoarding […] The post Federal Criminal Cases Against Trump Dropped for Now appeared first on Angry Bear.

[unable to retrieve full-text content]– by Steve Roth Originally posted at Wealth Economics This post is in response to a very brief Bluesky exchange I had with Dan Rohde and DT Cochrane about the origins of “The Dollar” (specifically U.S.). It led me to read about the U.S. Coinage Act of 1792. Here’s the Wiki, and the Act itself — which I can’t believe […] The post How Units of Account “Came About” appeared first...

23 November 2024 This book tells three stories about the impact of machines on the human condition: on the way  we work, on our freedom, and on our physical survival. Each story contains within it a vision of heaven and hell: the promise of relief from work, freedom to think our own thoughts, and almost indefinite improvement of health and extension of life   confronts  their  opposites  in the spectre of human uselessness, of Orwelliam thought control, and of  man made disaster....

19 November 2024 Introduction As we all know  Frankenstein was the  scientist in Mary Shelley’s 1818 novel of that name, who invented a human machine, which he intended   to be a benefactor,  but  which  turned out to be a monster. The question I want to address this evening is: can we avoid  our technology destroying us?  This is the most important thread running through my  book, Mindless, just published in the United States.  It discusses   the impact of machines on jobs, on...