Category Archives: Economy

Rewarding Poor Planning

It’s hard to get timely, accurate information. In the early years of the 21st Century, some group was tracking the transfer of dollars from the federal Treasury to the states, which generally showed that the majority was in the form of various kinds of insurance subsidies: mortgage insurance, housing insurance, health insurance, flood insurance, crop insurance and higher education loans. I’m not sure if that covers the water-front, but the data collection stopped, perhaps in response to objections from the insurance industries at having their transfer function exposed.
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“Indulging Generosity”

It’s a phrase that just popped into my head out of the ether the other day. And, sure enough, Google has a handy reference in a book by a Scottish minister, David Gilkison Watt, who died in London in 1897, after having visited both India and St. Petersburg, Florida. Watt was a missionary, so it’s perhaps not surprising that in his writing he promoted the wisdom he found in the Book of Ezekiel–i.e. long before his time. I don’t know if his “Homiletic Commentary on the Book of Ezekiel” was timely when he wrote it, but it sure seems timely now.
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Paul Krugman weighs in.

After writing the following comment on the Times’ comment page, it occurs to me that the “wages of private property” can be further expanded on the moral plane with a reference to “sins of omission” in contrast to “sins of commission.” Failing to pay the wages of private property is to evade an obligation.
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Commissary and Logistics

I think it occurred to me to compare a prevalent attitude toward state and local government to a commissary, traditionally a military establishment charged with distributing goods and supplies, before I first heard the term “logistics” the other day in connection with an appropriate use for a tract of land near the interstate. Since “logistics” also comes to us from the military, perhaps there’s something in the air that’s prompting similar trains of thought.
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On the Plague of Middlemen

Still searching for the perfect metaphor or model for what’s sucking the life out of the United States. No question, the middlemen are to blame and, since they’ve been with us from the start of the European invasion, their corrosive influence is a constant and goes largely unnoticed. Perhaps a beneficial parasite that turns virulent is an apt comparison.
Anyway, the following is a post I composed as a comment on Dailykos.
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