[unable to retrieve full-text content] – by New Deal democrat In the past number of months, I have been looking for a rebalancing of new vs. existing home sales. The sharp increase in mortgage rates beginning in 2022 locked many existing homeowners into their houses, since they could not afford the concomitant increase in mortgage payments that would accrue from […] The post Rebalancing of housing market continues: existing home sales down, inventory up, price growth...

[unable to retrieve full-text content]Getting the vote out has been a big factor in voting. Much of voting today is done via mail. The U.S. Postal Services plays a large role in making sure votes are delivered on time. The graph below is from the September 30, 2024 review of the USPS performance resulting from the America Plan. A […] The post U.S. Postal Service’s Delivering for America Plan appeared first on Angry Bear.

from C. P. Chandrasekhar and Jayati Ghosh The latest World Employment and Social Outlook Report (update for September 2024) from the International Labour Organisation highlights some disturbing trends. Importantly, it identifies a significant decline and then stagnation in the share of labour income in GDP, for the world as a whole, in the past few years. This comes as part of a persistent trend of decline in labour income shares, other than spikes in “crisis years” like 2008-10 and...

Figure 1: Wage Curves for the Two Techniques1.0 Introduction Economists following the Austrian school often represent the structure of production with Hayekian triangles (Hayek 1931, Rothbard 1962, Skousen 1990, Garrison 2001, Machaj 2017). Typically, goods of the highest order are produced with unaided labor or other unproduced original resources. (Fillieule (2007), in which a Hayekian triangle is constructed with an infinite stream of unproduced inputs, is an exception.) Rarely, is a...

[unable to retrieve full-text content]When I was growing up, I viewed being a physician as the zenith of achievement for someone interested in science. That changed when I got to college and became interested in research. I realized I didn’t have the temperament for a physician (OK, maybe a radiologist or a pathologist) and I became a lab rat. […] The post The economics of medicine: personal reflections appeared first on Angry Bear.

Nationalekonomer hävdar ofta att det inte gör så mycket om de antaganden som deras modeller bygger på är realistiska eller ej. Vad som betyder något är om de prognoser som modellerna resulterar i visar sig vara riktiga eller ej. Om det verkligen är så, är den enda slutsats vi kan dra att dessa modeller och prognoser hör hemma i papperskorgen. För oj vad fel de har haft! Riksbanken har sedan 2007 använt sig av så kallade räntebanor som prognosmedel. Genomslaget har blivit stort...

[unable to retrieve full-text content]This is interesting as the fight is over wetlands which is something we were battling about in Michigan too. Builders like to build close to them or fill in parts of it to expand their development. We did manage to establish 75-foot setbacks to houses so as to protect the wetland. The subdivision we lived […] The post Policy Wins in 2024 for Wetland Protection appeared first on Angry Bear.

[unable to retrieve full-text content]Pew Piece on Immigration. The author says it is a short piece. It appears to be much longer than what is claimed. I am going to break this into pieces. It is an update to a post by PEW in 2017. The message in Republicans and Trumps dialogue is the nation is being overrun with […] The post Immigration to The United States. Just how Bad is It? appeared first on Angry Bear.

Via Peter Hartcher in the Nine papers, I learned the other day that Albanese snubbed President Prabowo of Indonesia to meet King Charles. The immediate decision before the Albanese government was how to deal with two important heads of state asking for attention at almost exactly the same time. The prime minister had a long-standing invitation to the inauguration of the new president of Indonesia in Jakarta on Sunday, and a request for a visit by the British monarch to begin on the...

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