Category Archives: Economics

The Economics (So Far) of Long COVID

And it’s not good (boldface mine): The goal of the research was to estimate the prevalence and cost of Long COVID. Here are some of the key findings: 22 million U.S. adults are living with Long Covid (LC) – close … Continue reading

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The Cost of College Is Too Damn High

Many moons ago, some asshole with a blog noted that the cost of college tuition, when compared to the minimum wage, has skyrocketed: The median household income in 1960 was $5620… Housing was cheaper, thanks to suburban settlement policies. Scholarships, … Continue reading

Posted in Economics, Education | 1 Comment

“BUT WE’RE NOT DENMARK, BERNIE!”: The COVID Edition

Boy Howdy, we are definitely not Denmark. This week, at least part of Twitter has been abuzz about Denmark’s massive rollback of pandemic restrictions (David Fucking Leonhardt probably is peeing himself in excitement). But there are two very essential differences. … Continue reading

Posted in COVID-19, Economics | 1 Comment

Long COVID and Missing Workers

In late October, I argued that some of the ‘missing workers’ were missing not by choice, but by necessity: long COVID meant they were unable to work–or work certain jobs. Then in December, we began to see unprecedented COVID-related effects … Continue reading

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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

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