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http://laglux.blogspot.com/ - This Blog will basically discuss economic issues, with some history and political events thrown in. The author is a mix of Conservative and Liberal impulses, with matching Authoritarian and Libertarian trends.
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Start here with your reading of the day, minding especially to go through the Commentary. It is all a positive Statement about the lack of positive direction in our economic policy. It worries me that national debt continues to grow in the World, Recession after Recession, while the benefits of ...
Commodities
Recession
Inflation
I am not saying that I agree with Bruce Bartlett about this , but do feel that Medicare Proscription D has cost American patients more than they ever received in benefit. I, a User of the great program, find that Drug companies have raised Prices without restriction, Insurers have raised ...
Other
There is a lot to be said for this article , but in some ways, I would say a lot about this article. Stimulus is amazingly hard to define, and even harder to evaluate. We start with the removal of the alternate Minimum Tax. This was not Stimulus, and really did not even save the Middle Class ...
Commodities
Stimulus Plan
Why don’t I like this article? Could it be that it talks about exactly those behavior patterns which destroyed the potential of the American Consumer? We do know that We are making about 8 times what our Grandparents made, but how much of that is Inflation? Americans are beginning to realize ...
Currencies
I may be tired this morning, but this Post by Brad DeLong seems like Junk. Brad discusses the Spread, which is only one of the factors necessary in study of the national debt. One important element in the formulation consists of the magnitude of loanable funds. It sort of mirrors the Consumption ...
Commodities
I tend to run off at the mouth sometimes, and articles like this one can really set me off. Robert Pozen has several good ideas, though none of the proposals alter the basic underpinnings of the Patent process; something which is the real necessity. Patents have screwed up business practice in ...
Other
Here is another Questioning if the old economic models apply . Alan Kirman focuses on the real prospect that economic theory about Rationality and Equilibrium cannot truly meet the real expectations considering such things as ‘herd behavior’ and aggregate canceling out process. I approach the ...
Currencies
Stimulus Plan
Inflation
How do you explain the bias against Capitalism? Art Carden tries to give an Answer. He is clear and somewhat concise, a wondrous thing from the von Mises’ devotees. Any system of economy adopted will run into problems, simply because the Whole is infested by humans. They cause problems, ...
Currencies
Can Anyone tell Why this Condition exists? Men are always at the forefront–in Construction, in Plant production, and in all Risk-taking activities. Read specifically the NYTimes link provided, especially Jan Hatzius et al, which exhibits the absolute proof that Orders are down, and not likely ...
Other
Daniel Gross I might consider an Optimist , while he would likely view me as an Conspiracy theorist; if he thought of me at all. Here is the thing! He looks at some Hires, and think that the economy must be getting better; while I know such Hires were being done even in the midst of the worst of ...
Commodities
Steve Jobs
I think Mark Perry ignores a prime aspect on the current health care debate –which is the silence of the Insurers in Public. I would advance a very workable Solution, One that will somewhat define whether the Public Option is necessary to supply universal health care, or whether We can rest on ...
Other
Menzie Chinn expends some energy in defending the value numbers of the Stimulus package, which I do not doubt are as accurate as can be. The problem I have with those numbers lies in the construct of the models utilized. My Point states that these economic models make two assumptions which I ...
Government
Stimulus Plan
I will provide this link to give some history to my Readers, but it is relatively unimportant in the face of Congressional reluctance to actually impose realistic regulation upon a economic sector who fills the role of Paymaster within the scope of political campaign contributions. Here is a ...
Commodities
Recession
There are Those who would claim that children are not direct participants in the economy, but then there is always a Study like the one here . Even if the effects of the Student disassociation remains only temporary, and doesn’t maintain a one-year loss of labor per lifetime; it still cost the ...
Government
This Opinion from Paul Krugman may tell Us more than We wish to Know. Politics today reminds me far more of the Times under the old Roman republic than ever before. The Oratory becomes more theatrical with every Speech, with Speakers more concerned with ratings than the effect of their words. ...
Government
I myself dislike the concept of a Transaction tax , simply in and of itself. The idea of a gradualist tax does titillate, though, due to my belief that most of the growth in Consumer Credit originally comes from the need to aggregate funds for the disastrous Personal Income Tax. It is the Tax ...
Other
Ever wonder if you and your collaborator were on the same page? It is not an unusual occurrence. There is the old Saying that British and Americans were separated by a common language. You will here find another one of those used terms which no one can define. Can anything be accomplished if ...
Commodities
Unemployment
I would ordinarily not utilize this Post , which hardly any of my Readers will understand (do not make the comment that it would include myself) . What it says to me is that there has been much less variation in Exports over the Period graphed (Hint: always adopt the Graph with least Variation, ...
Currencies
Gross Domestic Product
Inflation
One of the most aggravating aspects of the different economic schools of thought lies in the fact your primary positions are sometimes challenged. Such is the content of this piece from David Beckworth . I cannot truly evaluate the first Graph without an overlay on Government Spending in the ...
Currencies
I would first tell the kids that economists really do try to get it right, a real effort is involved. Here is a Post which gives some indication of How well those aspirations are treated by the cruel, cruel world. I have ventured into the mythical land of forecasts often, mostly to the sound of ...
