Category Archives: Political-Economy and Philosophy

painting on a “tuesday afternoon”

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Republican Healthcare Bill is Deflationary

The Economic Policy Institute says the Republican healthcare bill has a bad score. EPI says it will result in rising costs and deflate the pocketbooks of most Americans. The new bill, just like the ACA, I argue, is more about … Continue reading

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doing the detail over time

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windward self-assembly

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EPI’s Statement on the Fed’s Rate Hike

http://www.epi.org/press/fed-should-return-to-setting-policy-by-evidence-not-autopilot/?utm_source=Economic+Policy+Institute&utm_campaign=ed09e5e05b-EMAIL_CAMPAIGN_2017_06_16&utm_medium=email&utm_term=0_e7c5826c50-ed09e5e05b-58142357&mc_cid=ed09e5e05b&mc_eid=326484247d *** EPI’s Josh Bivens says that the last rate hike does not align with objective reality. The Fed, however, contends that its policy program is reactive, not proactive. Again, keep in mind, what we have here is an inverse-identity … Continue reading

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Diminution of the Mnuchin

Treasury secretary Mnuchin recently said that Trump’s presidency has added trillions of dollars of value to the stock market. Mnuchin is referring to the “Trump rally,” which is a fraud. This kind of technical babble needs to be diminished. Minions … Continue reading

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Alignment of Capital Reserves

A significant feature of HR 10, now in the US Senate, is realignment of capital reserves. The act, supporters say, will increase the requirements without putting small banks at a disadvantage, reducing regulations at the same time. The requirements are … Continue reading

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