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Eric Brynjolfsson and Andrew McAffee have a new Kindle instant book out, Race Against the Machine, that very nicely describes the issues related to technological unemployment. It’s well-written, content-packed, cogently argued, usefully hyperlinked, and well worth the $3.99 they’re asking. But I think there’s one crucial topic they don’t address, highlighted by the following. They…

Source (PDF). Related posts: A Land of Magical Thinking: Becoming a Millionaire “No significant deregulation of financial institutions occurred in the last 30 years” The Myth of the “Independent” Voter

View Very or Somewhat Favorably: Tea Party (Q8): 27% Occupy Wall Street (Q11): 54% Not that I think this “proves” anything. Hell 60% of Americans (say they) believe in angels. Just sayin’: Go Team! Topline Results of Oct. 9-10, 2011, TIME Poll | Swampland | TIME.com. Related posts: Tea Partiers: Old, White, Rich, Educated Men…

BBC Speechless As Trader Tells Truth: “The Collapse Is Coming…And Goldman Rules The World” – YouTube. At 2:30: H/T: Steve Keen

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His last semester of college. He was only taking one other course. GPA: 2.22 Rick Perrys Texas A&M Transcript. Related posts: McCain’s Steel Ceiling: Who Loves Ya, Baby? It Could Have Been My Kids. Or Yours. Engineering a Permanent Democratic Majority 1798: Congress Passes Socialized Medicine and Mandates Private Health Insurance Obama takes 62% in…

Mike Konczal makes a key distinction that importantly frames recent discussions about “rentiers.” In my words: Rent is money received for having money. Profit is money earned for using money (your own and others’) to generate and sell real production — goods and services that have human value. As I’ve suggested in previous posts, American…

I’m completely, utterly at a loss as to how any person, any parent, could care that much about perceiving themselves as being morally correct. The visual display of quantitative information in a funhouse mirror « The Reality-Based Community. Related posts: Yeah, Right: Government Regulation Is the Problem What’s Wrong with this Picture? Business Roundtable Proposes…

    Note: ’95–’01.   Exchange rates: Forty years of hurt | The Economist. Related posts: The So-Called Credit Crunch, Again Some More Tax the Rich! And make us all richer? U.S. Versus Europe: Who’s Winning Now? Am I Channelling David Stockman, or Is He Channelling Me? Repeat After Me: Low Taxes (on Rich People)…

I think that was Krugman’s line; can’t remember who I stole it from. But in any case he’s got the facts on the ground posted today:   Raising the Medicare Age – NYTimes.com. Related posts: To claim “objectivism” at 20 is predictable. To claim “objectivism” at 60 is plain idiocy. Did I Mention Mentioning that…

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Australia: Just wait. Off the Charts Blog | Center on Budget and Policy Priorities | Blog Archive | Top Ten Tax Charts. Related posts: Meritocratic Opportunity: On the Decline The Poor Get Poorer Where Did Our Debt Come From? – James Fallows – Politics – The Atlantic John McCain Pledges to Eradicate Government This Time…

Cross-posted at Angry Bear. There’s a widespread conception that “money printing” by the government causes inflation, and that “money printing” = government deficit spending. But people don’t realize that: 1. Most money “printing” is done by banks, not government. 2. Government deficit spending is only one of four flows that affect inflation. Here’s how borrowing…

Crossposted at Angry Bear. One percent of financial assets. Personal and corporate. Annually. With somewhere north of $55 trillion in U.S. financial assets out there (2009, down from $63 trillion in 2007), a Financial Assets Tax would generate more than $550 billion in annual revenue. What could we do with that revenue? Here are some options:…

Unassailable winner of The Quote of the Week Contest. Courtesy of Jazzbumpa’s dad. Related posts: Best Line of the Week: Not-So-True Conservatives When Do Humans Want to Share the Wealth? To claim “objectivism” at 20 is predictable. To claim “objectivism” at 60 is plain idiocy. Visiting the iniquity of the fathers upon the children, and…

My friend Steve is, I think, claiming that wisdom and common sense (he seems to be implying that they’re the same thing) and likelihood of voting Republican all increase together with age. Which putatively explains the two graphs he posts: It’s funny that he doesn’t show the other graph from his source, showing the Dem space…

What is surprising — what continually surprises me, even as cynical as Ive gotten — is how seriously polluters are taken in each successive episode of air pollution regulation. By now the script is numbingly predictable: industry commissions rigged studies showing that compliance will threaten power reliability and jack up costs; independent reports show otherwise;…

Unfortunately the first statement is no longer true. Dwight David Eisenhower in a letter to his brother, 1954. But to attain any success it is quite clear that the Federal government cannot avoid or escape responsibilities which the mass of the people firmly believe should be undertaken by it. The political processes of our country are…

–Attributed to Albert Einstein. I’d extend it to the early twenties, but otherwise, yeah. Related posts: Alex Tabarrok Does the Arithmetic on CDOs We Knew That Already The Economist’s New Gilded Age One Thousand Words on Prosperity Growth Does Inequality Result in Prosperity?

He delivered faster growth than any other Republican president. But then again… A Few Graphs Describing the Reagan Presidency | Angry Bear. Related posts: It’s a Spending Problem, Right? The Reagan Revolution, In One Graph Now (Also) Blogging at Angry Bear Repeat After Me: Low Taxes (on Rich People) and Economic Growth Are Not Correlated…