“President Donald Trump has declared the Strait of Hormuz as US territory in a new post on Truth Social. “Sharing a bizarre map of the region with a large blue circle over Hormuz, the picture declared the vital shipping route as “US territory”.” Putin just needs to grab a map, draw a circle around Ukraine […]

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In June of this year, Prof. Paul Krugman had an article on his site (which I subscribe to) “Social Security is Facing a Political Crisis.” What I like about the title is, he gets it right. Social Security is facing a political issue rather than an economic issue. Yes, I agree the problem is similar […]

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“Polling & Research Needs About Medicare,” J.P. McJefferson Thoughts A recent article and discussion on Medicare For All on Angry Bear, prompted my curiosity on this subject. See: “‘Monetizing Medicare for All,’ Angry Bear, J.P. McJefferson” The political debate over Medicare for All has been going on for years. Proposals to expand Medicare to everyone, lower […]

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Whisky Pete Hegseth is bleating about testosterone testing and supplementation for US servicemen. He seems to believe that testosterone augmentation means a more effective military in the age of missiles and drones. But is testosterone doping an unalloyed good? “This is what we’re seeing in clinic,” she says. “Men will come to see us with […]

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A bit of Robert Reich for you today. Not economics. Robert complains about Tr__p’s appointments to his administration. His being Tr__p’s . . . just in case you are confused. I do not blame him for the complaint. Far better people exist that Tr__p could put in office. But as we know, Tr__p is looking […]

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Snipetsof information from two sources sites which may bring you up to date on status. The news is confusing with Tr__p saying one think and every source elsewhere saying something else and or different. I would not dependent upon our administrational information. Much is either embellished or wrong (call it what you will). If you […]

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 – by New Deal democrat You probably recall that a number of months ago T—-p decided that, Pearl Harbor notwithstanding, it was time to bring back battleships in a new class not coincidentally to be named after himself. Now this weekend we have been treated to the news that T—-p had decided he is an expert […]

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 – by New Deal democrat I wrote last month in my summary of that existing home sales report: “The housing market has reached a new, suboptimal equilibrium in sales, construction, prices, and inventory. Until some new positive or negative shock occurs (like a surprise new Fed hiking regimen), expect little change in this important leading sector of […]

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Trump recently claimed that he would make the Strait of Hormuz American territory. Claiming sovereignty over someplace means more that just writing your name on a map with a sharpie. “Western powers have attempted to control the Strait of Hormuz before. Basically, however, they only held it at Iranian sufferance. When, as in 1622, the […]

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If everyone always lies to you, the consequence is not that you believe the lies, but that no one believes anything at all anymore—and rightly so, because lies, by their very nature, nave to be changed, to be “re-lied,” so to speak. So a lying government which pursues different goals at different times has constantly […]

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CBO and others say differently . . . The Congressional Budget Office (CBO) estimates the OBBBA increases the budget deficit by $2.8 trillion by 2034 and causes 10.9 million Americans to lose health insurance coverage. A further CBO analysis estimated the highest 10% of earners would see incomes rise by 2.7% by 2034 mainly due to tax cuts. The lowest […]

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Weekly Indicator for August 10 – 14 is up at Seeking Alpha  – by New Deal democrat An Inflationary Expansion, Beware the Bearish Steepening of Bond Yields Seeking Alpha. It is surprising how large a majority of the high frequency data is positive, despite all of the chaos that has been thrown at the economy. Still, […]

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Governments tax labor at much higher rates than capital for what used to be good reasons: labor is less mobile, making such taxes easier to collect, and capital investments tend to boost human productivity and wages, meaning that taxes on labor indirectly capture the upside from capital spending. But if machines start to replace humans […]

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I have not run into an issue (as described below) where I have had to wait on an approval. Recently? Twice I have been hospitalized at a non-VA hospital. They took me right in. Maybe it was because I was using my VA benefits. They have become more friendly since I filed due to exposure […]

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When my dad was a Naval officer in the 1950s, he was part of the team that designed and built the USS Saratoga, an aircraft carrier. I remember him explaining to me in excited detail about the arresting gear, the device that stopped a landing jet. He spent most of his career as a chemical […]

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