Federal Budget, Why Should you Care About the Federal Budget, (nationalpriorities.org) It appears, we need to better understand what we are talking about. Or at least establish a foundation for our words which I believe we take for granted. I took the liberty of pulling this up from a site. It is pretty basic. Borrowing and the Federal Debt In any given year, if federal revenues and government spending are equal – as in, the government takes...

Three healthcare issues that are relevant to today. Things we should be talking about. If you remember Merrill Gooz had a chart up showing healthcare costs have been around 17%. For more than a decade, CMS and CBO consistently overestimated the growth in health care spending, which undermines efforts to spend more on health-related social needs. Health Care Costs Will Comprise About 20% of US Economy by 2031, JAMA Network, Emily Harris. The...

Three healthcare issues that are relevant to today. Things we should be talking about. If you remember Merrill Gooz had a chart up showing healthcare costs have been around 17%. For more than a decade, CMS and CBO consistently overestimated the growth in health care spending, which undermines efforts to spend more on health-related social needs. Health Care Costs Will Comprise About 20% of US Economy by 2031, JAMA Network, Emily Harris. The...

Videos Bigger airports: don’t believe the hype Bigger airports and more flights aren't good for the economy or ordinary families. 19 July 2023 Bigger airports and more flights aren’t good for the economy or ordinary families. The only people they benefit are wealthy executives and shareholders who are...

‘Testing’ purchasing power parity theory Purchasing power parity doctrine is examined by sophisticated statistical and econometric techniques. The time series of aggregated price levels and the nominal exchange rates are treated as a random sample. Most papers of this type deal with the technical properties of the slightly different data sets. To take some examples (at random): “Two potential problems arise when working with nominal exchange rates and...

Industrial and manufacturing production continue to falter  – by New Deal democrat I frequently call industrial production the King of Coincident Indicators, because so often the turning point in this metric has been at the peaks and troughs of the economy as a whole. That has not been the case since last September, when this indicator last peaked. And it continued its declining trend in June. Total production declined -0.5%, and...

Industrial and manufacturing production continue to falter  – by New Deal democrat I frequently call industrial production the King of Coincident Indicators, because so often the turning point in this metric has been at the peaks and troughs of the economy as a whole. That has not been the case since last September, when this indicator last peaked. And it continued its declining trend in June. Total production declined -0.5%, and...

Amplifying Inequality

Fiscal flows may already be slowing. That will trigger a market correction. 

China is traditionally "a nation of savers." This tradition needs to be reversed to achieve a "dual-circulation" economy, that is, a balance between domestic consumption and exports more in line with developed economies. Until now, China's growth has been export-driven. This makes China dependent on external markets; hence, liable to sanctions and protectionism. It also sets China up for being caught in the middle-income trap. The Chinese leadership is aware of both challenges and the...