Trump: “DON’T CUT Social Security/Medicare”New policy video from @realDonaldTrump: Cut foreign aid to countries that hate us, cut the billions in Green New Deal extremism, secure the border & stop illegals from using taxpayer funded services, but DON'T CUT Social Security/Medicare for our seniors.pic.twitter.com/1UT065yOZ1— Donald Trump Jr. (@DonaldJTrumpJr) January 20, 2023 Biden: “Put all of it on the table”[embedded content]

I can not say I have been exposed to any of this switcheroo as my meds are older technology. We are also on regular Medicare and not Medicare Advantage. I have a larger say with the former. Part D works mostly except the pharmacies in my area are less helpful than they were in Michigan. And these drugs do seem to work to my needs for now. Doctor Pelzman does have a major point. The insurance companies, PBMs, distributors (McKesson, etc.) have...

The logical possibility of the reswitching of techniques is a devastating challenge to marginalism. But the Cambridge capital controversy does not depend on the presence of reswitching. I suppose I should have links for the possibilities listed below. None of these possibilities are fluke cases. One might make a distinction between the reswitching of techniques and the recurrence of techniques. In both cases a technique is cost-minimizing at two non-overlapping ranges of the wage. If...

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The actual Big News in this morning’s housing report was – positive  – by New Deal democrat For the second month in a row, the biggest news in the housing report was not in the headlines.  Most of what you are going to read is about how bad housing permits and starts were, and that they are recessionary. And it’s true. In particular, the most leading and least noisy housing metric of all is single family permits, and they declined another...

The Biden administration has announced it is inaugurating a program to incorporate the value of natural resources and ecological services into national income accounts.  The New York Times article reporting this development predictably portrays the response as divided between two camps: on the one side are environmentalists, who think this will lead to more informed decision-making, and on the other Republicans and business interests who fear it is just a stalking horse for more...

According to McCarthy here the Biden people cracked:President Biden: I accept your invitation to sit down and discuss a responsible debt ceiling increase to address irresponsible government spending.I look forward to our meeting.— Kevin McCarthy (@SpeakerMcCarthy) January 20, 2023 We’ll see…. 

Keep your eyes focused on the big picture. We're good until June. Then politics will be a key factor. Sign up for email list. Send me an email at [email protected]

The debt ceiling is being used a negotiating tool in American politics yet again. My concern with American politics is that most things seem to be over-dramatised, while some disturbing things are shoved under the carpet. The debt ceiling is a great source of hysterics from south of the border. My highly non-informed take is that this debt ceiling drama will end in the usual way, going to the 11th hour before some kind of deal is struck.American politics is kabuki. Externally, the drama is...