Category Archives: Economics

Republican Daddy Will Not Save You: The CBO Edition

One reason professional Democrats suck at their jobs is they don’t replace right-wing ideologues with Democrats (boldface mine): Early in his administration, amid backlash to the Affordable Care Act and the rise of the tea party movement, President Barack Obama … Continue reading

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As We’ve Prevented Inflation by Slashing Biden’s BBB, We Can Cancel Student Debt

Right? Among the many desperate rhetorical attempts by Senator Co-President Joe Manchin to massively slash President Biden’s Build Back Better (BBB) program, he has mentioned how the increased spending would lead to inflation (and a couple of points of inflation … Continue reading

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Maybe (Some of) the Missing Workers Have Long COVID?

There’ a lot of wailing and gnashing of teeth over where the missing workers have gone–by some counts, seven million (boldface mine): The great mystery of this moment is the labor shortage. America’s GDP is larger than it was in … Continue reading

Posted in COVID-19, Economics | 2 Comments

We Could Mint a Platinum Coin to Deal with the Debt Ceiling

While Congress has kicked the debt ceiling can down the road for a couple of months, it will be back (the debt ceiling is the maximum amount of money that the United States can borrow cumulatively by issuing bonds). And … Continue reading

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De Facto General Strikes and Liberation from Fear of Falling

Every so often, there are online calls for a general strike, most of which are incredibly naive (talk to anyone who has ever organized a targeted, one shop strike, and you realize how ridiculous this is). But, as multiple authors … Continue reading

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Justify the Moderates’ Cuts

Update: it seems Democrats, uncharacteristically, might not be reverting to form. We’ll see… Greg Sargent makes a critical point about the upcoming budget debates (boldface mine): So let’s lay down a marker: If moderates are going to push for a … Continue reading

Posted in Democrats, Economics | 1 Comment

One Reason Why People Might Be Slow to Return to Work

Over the last few weeks, an entire subgenre of punditry has arisen which argues about why people are reluctant to return to work. One reason I’ve seen neglected is that many people don’t need to do so. I don’t mean … Continue reading

Posted in Economics | 2 Comments

Poverty and Primus Inter Pares

A while ago, some asshole with a blog noted: There are a lot of people, especially the upper-middle class and gentry class*, whose quality of life is better because others’ quality of life is demonstrably worse. There are many who … Continue reading

Posted in Basic Human Decency, Economics | 3 Comments

21st Century Servants

Recently, Kevin Roose described how the disappearing venture capital subsidies for various companies has forced them to raise their prices (boldface mine): Profits are good for investors, of course. And while it’s painful to pay subsidy-free prices for our extravagances, … Continue reading

Posted in Bidness, Economics | 3 Comments

A 21st Century Cross of Gold

You might remember form your high school history (for the U.S.-ians, anyway) Democratic Senator William Jennings Bryan’s speech about a “cross of gold“, in which he argued that bimetalism–moving from a gold standard to a gold and silver standard–would bring … Continue reading

Posted in Economics | 2 Comments