Category Archives: Economics

The Technological Innovation of the Antebellum South: The Whipping Machine

I rarely recommend books on the blog, but a must-read is the The Half Has Never Been Told by Edward Baptist, which is an economics-oriented social history of American slavery. For me, the key observation in the book is the … Continue reading

Posted in Basic Human Decency, Economics | 1 Comment

Creditors and Greece

I’ve made this point before, but it might bear repeating in light of the referendum in Greece. One might think Germany, whose entire last century was shaped by debt it owed in a currency it did not control, would recognize … Continue reading

Posted in Economics, Fucking Morons | 1 Comment

Maybe the First $50 Billion Should Have Told You Something?

First rule of holes–stop digging (boldface mine): Puerto Rico’s governor, saying he needs to pull the island out of a “death spiral,” has concluded that the commonwealth cannot pay its roughly $72 billion in debts, an admission that will probably … Continue reading

Posted in Bidness, Economics, Fucking Morons

Clinton Comes Out As a Deficit Hawk. This Is Not Good

One of the things the left, along with the kinda-left, is trying to figure out is whether Clinton is a neo-liberal at heart, or if she’s going to let her Inner Liberal bloom. Max Sawicky makes a very good point … Continue reading

Posted in Democrats, Economics

The Uncharacteristic Anti-Keynesianism of ACA Opponents

Sure, those who vehemently oppose the ACA (‘Obamacare’)–conservatives–say they’re not Keynesians, but, in reality, they do love themselves that massive Keynesian stimulus. Which brings us to a point we’ve made many times before–and is stated very clearly by Kevin Drum … Continue reading

Posted in Conservatives, Economics, Fucking Morons, Healthcare

‘New’ Democrats Don’t Realize Their Party Has Changed

Charles Pierce on the failure to pass the Trans-Pacific Partnership fast-track approval (boldface mine): You can’t really understand what happened—or appreciate what may happen next—without taking into account the transformative effect of the economic collapse of 2008 on our politics. … Continue reading

Posted in Bidness, Democrats, Economics

When Misunderstanding Money Kills

Regarding the horrific train crash in New Jersey, the NY Times reports (boldface mine): Amtrak has installed the technology, known as positive train control, on parts of its rail network in the Northeast Corridor. But the technology, designed to automatically … Continue reading

Posted in Economics, Transportation | 3 Comments