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Core Inflation Woes — Brian Romanchuk

Alex Williams recently wrote “What Is ‘Core PCE Services Ex-Housing’ Anyway?,” which dissects the measure that the Fed is using to get a handle on “underlying” inflation. The most interesting bit (for me) is that about 1/4 of this measure is an imputed price index, based on wages. This means that this component will track wages (giving a convenient analytical relationship) by definition.The logic of following this measure is that the Fed convinced itself that the core (ex-food and and...

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No More Noma

No More Noma Eating is a necessity and can be a great pleasure.  It also has a symbolic dimension in every culture.  In the long history of European civilization, going back at least to the Romans, it has been a form of status distinction, allowing the elites at the top to display their separation from the masses below. For many centuries elite food was set apart by its ingredients, like caviar, choice cuts of meat, difficult to procure spices...

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Hovern’ engan

Wars, conflicts, and other crises have left more than 30 million children displaced from their homes in the world today. More than 10 million children are refugees or asylum-seeking. [embedded content] “Whatsoever You Do to the Least of My Brothers You Do unto Me”

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Kevin Hassett:  The Road to Serfdom meets the debt ceiling

Ordinarily you would not drive a motorcycle without a headlight down a narrow, winding mountain road at high speed on a dark, rainy night.  But you would do this if your child is dying and you need to fetch a doctor immediately.  Even sensible people take great risks to avoid an imminent catastrophe.  Kevin Hassett, chairman of Trump’s Council of Economic Advisors, applies this logic to the debt ceiling in a post at National Review subtitled...

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Yanis Varoufakis on why the world needs a new Non-Aligned Movement

On Friday, January 27, 2023, DiEM25 co-founder and MERA25 leader Yanis Varoufakis gave a speech at the Havana Congress on the New International Economic Order, about the need for a new Non-Aligned Movement to "end the legalised robbery of people and Earth fuelling climate catastrophe." The co-founder of DiEM25 was in Cuba on an official visit upon an invitation from the Havana government and a key topic of discussion on his trip was the creation of a New Non-Aligned Movement that...

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Gun Shot Injury Costs are Twice Other Hospital Costs

This is where I grow weary of the childish complaints of those who believe their rights are being infringed upon by those who are injured, maimed, or killed by bullet-spewing-weapons commonly known as “guns.” “Stanley Kubrick satirized the unconscious psychosexual energies behind wielding a gun in Full Metal Jacket, when Marine recruits parade with their weapons doing this chant of ‘This is my rifle, this is my gun, this is for fighting, this is...

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Infidel753: “What the NRA gets right — and wrong”

Introduction: Each time there is a mass shooting, Angry Bear will take a stance on the issue. A stance which many will not like. Angry Bear is tolerant of opposing views to a point. For the record, I am an XMarine Sergeant who was an Expert with a straight-out-of-the-armory stock M14. I grew up shooting various weapons. Last week, we featured Annieasksyou. Today, Angry Bear is featuring Infidel753 and his take on schools being made safer....

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