McCarthy with the big 1-2 combination….Here he leads with the good ole “borrowing from the Chinese!” Art degree moron analogy figurative language:I literally asked the president: "What is the number? How much debt must America have before you say, 'let's stop borrowing from China?'" pic.twitter.com/nAd1wMtDOw— Kevin McCarthy (@SpeakerMcCarthy) May 21, 2023 And then the big combo “spending money we don’t even have!” unqualified Art degree moron figure of speech:Just got off the phone with the...

A new sandpit for long side discussions, conspiracy theories, idees fixes and so on. To be clear, the sandpit is for regular commenters to pursue points that distract from regular discussion, including conspiracy-theoretic takes on the issues at hand. It’s not meant as a forum for visiting conspiracy theorists, or trolls posing as such. Like this:Like Loading...

Another Message Board Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’ve moved my irregular email news from Mailchimp to Substack. You can read it here. You can also follow me on Mastodon here I’m also trying out Substack as a blogging platform. For the moment, I’ll post both at this blog and on Substack. Share this:Like this:Like Loading...

A long and good NYT take on why poverty continues to exist, stays stagnant or continues to grow in one of the richest nations in the world and the most capable of all to end poverty. A good read. “Those who have amassed the most power and capital bear the most responsibility for America’s vast poverty. Political elites have utterly failed low-income Americans over the past half-century. Corporate bosses have spent and schemed to prioritize...

What I like about this Issue-Brief is the use of terminology we see, not knowing what it means, and seeing a description or definition. I have added links so as to do a deeper dive into the terminology. Carefully read, a person can garner an understanding of initial drug costs, intermediate costs, discounts, and what pricing results to the consumer. It is not pretty and reflects much pricing rent-taking over the last two or so years, blaming...

Economic theory, like anthropology, ‘works’ by studying societies which are in some relevant sense simpler or more primitive than our own, in the hope either that relations that are important but hidden in our society will be laid bare in simpler ones, or that concrete evidence can be discovered for possibilities which are open to us which are without precedent in our own history. Unlike anthropologists, however, economists simply invent the primitive societies we study, a...

Postcolonial theory in perspective Many of the theoretical assumptions which support the most admirable impulses of the woke come from the intellectual movement they most despise. The best tenets of woke, such as the insistence on viewing the world from more than one geographical perspective, come straight from the Enlightenment. Contemporary rejections of this period usually go hand in hand with not much knowledge of it. But you can’t hope to make progress...

Joseph Stiglitz is calling for an honest and open debate on the debt ceiling and future expenditures and whether there is any relationship between the two. He states the expansion of the debt ceiling has no relationship between it and laws having future expenditures. The debt ceiling has no bearing on legal expenditures. It is about raising the debt ceiling to meet the expenditure congressional acts. Mostly a Stiglitz Opinion piece with some...

Vad kan du om ekonomi? För att få svar på det kan du ju testa ekonomiquizet i dagens Sydsvenskan!

Trump wants “the kitchen sink!”…