Why has wage growth been lousy in a supposed recovery? Thank your politicians for fostering the growth of the precariat.
Wednesday, August 6, 2025
Tories, Trapped by Their Red Lines, Again Blame EU as Clock Runs Down
Assume the brace position. A hard Brexit is looking more likely.
Money: The High Cost of Betrayal
The misrepresentation of how the US money system works is worse than mere economic malpractice, which is already pretty common.
Commentary on Study Finding Gun Injuries Fall 20% During NRA Conventions Curiously Omits Some Possible Explanations
Arguments have already started over the implications of a new study that finds that gun injuries fall sharply when the NRA convention is on.
2:00PM Water Cooler 2/28/2018
Today’s Water Cooler: Oprah, 2018 races, Manafort, DCCC, DNC, GDP, manufacturing, shorts, MMT, employment-population ratio, adolescent brains
Priceless Moments: How Capitalism Eats Our Time
Market economy to you: “All your time are belong to us”
Why CalPERS Private Equity Outsourcing Beauty Show Is Arbitrary and Capricious
More evidence that CalPERS is making a hugely important and costly decision in a cavalier, even reckless, manner.
Bitcoin as Prosecution Futures: Coinbase Agrees to Turn Customer Records Over to Department of Justice for Possible Tax Evasion
Even in the US, which so far has been more lenient toward cryptocurrencies than China, the noose is tightening. Top Bitcoin exchange Coinbase has decided that trying to defy the law, in terms of not complying with a IRS summons requiring it to turn over information about customers who had engaged in more than $20,000 […]
All Guns, No Butter: Military Contractors as Welfare Queens
The Trump budget is particularly shameless in providing more pork to the military despite the absence of any genuine pressing need.
2:00PM Water Cooler 2/27/2018
Today’s Water Cooler: 2018 enthusiasm and party affiliation, Jennifer Palmieri, third parties, durable goods, trade in goods, Jerome Powell
Time to Stand Up for Dumb
The New York Times today gives an extremely cautious and narrow defense of traditional, now denigrated as “dumb” devices: In an Era of ‘Smart’ Things, Sometimes Dumb Stuff Is Better. It listed a grand total of five examples: A wristwatch vs. Apple Watch A car mount vs. a smart car console An alarm clock vs. […]
Corbyn’s Brexit Challenge: From the Frying Pan into the Fire?
Unfortunately, Corbyn finally stepping into the Brexit fray looks like different cherry picking and potentially even more political upheaval.
