A continuing theme of this blog is that humans have a difficult time grasping some basic math, even if their futures depend on it. A combination of “scare quote” stories I have read recently about the size of the national debt as well as discovering the new price of first-class postage stamps (now 55 cents) set my mind on the… Read more »
Elizabeth Warren has come out of the presidential primary gate swinging with a proposal for a 2% wealth tax on assets over $50 million, rising to 3% on assets over $1 billion. Despite the freak-out by conservative pundits, I’d like, in this post, to put these numbers in perspective with a bit of basic math. This, in short, is not… Read more »
This is the third in a series about how to parse the varying policy proposals for the United States government emerging in advance of the 2020 election. The subject here is how to weed-whack your way through the often-inflated rhetoric on defense and defense spending to find the meat of the proposal. Parse #1 – The great Keynesian jobs program… Read more »
Well, we are off to the races for the 2020 elections. My hope against likely reality is that the media would focus on policy proposals by the candidates rather than personality, but so far the new year is starting on the latter trend. This is the first post in a series that will look at my own process for parsing… Read more »
In the prior post I brought back some of 2018’s posts from this blog that should have had more internet traction. In case you missed them, here are a few more: Government budgets are moral documents It looks like a real U.S. budget from the dysfunctional Congress will not be a Paul Ryan legacy. He should have read this post… Read more »
In this prior post I reviewed a few of this year’s posts from this blog that “broke through” past my subscriber base into a larger internet audience. In this post I’ll take another look at some posts that I think should have seen a broader audience. Constantine, Putin, Trump and the co-opting of religion The complete rolling over to supporting… Read more »
I started this blog in early 2018 as a place to post some pieces I had developed over several years looking at how probabilistic randomness and other mathematical realities affect everything from the way we vote to our scientific and religious understandings of the “human condition.” Some blog posts achieved more web penetration than others, and so this post is… Read more »
In an earlier post I looked at the business side of what I call penny-sucking economics, where significant effects on the economy are made in billions of small-amount transactions. In this part, I will look at the effect of penny-sucking economics on ordinary consumers and its role in rising income inequality.
The comic books of my youth often had a section in the back advertising the opportunity to purchase something wondrous for only one dollar plus a self-addressed, stamped envelope. While these offers were usually disappointing once received, I remember my first get-rich idea was to try to get one million people to send me a dollar. It turns out that… Read more »
This post is a basic “explainer” reminding readers of a problem endemic in the popular press when it discusses debt of various kinds, and as we watch our government’s deficits explode after the ill-advised tax reductions of 2017. There is are fundamental economic differences between consumer debt, business debt and government debt, and yet most people do not make that… Read more »