economics


The Fed Can Fix It!

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Jerome Powell is the Federal Reserve Chair and was originally appointed by Trump. Biden reappointed him to make the same capital-driven decisions no elected politician could be caught making directly.

This one (Republican, by the way) unelected dude is basically the figurehead of the “free” market, but with immense power over the global economy. Unfortunately, all these people are freaking out that wages are going up for the first time in a generation, and have decided we all need to be taught a lesson while dividends and stock buybacks continue at unprecedented levels.

A functional economy would have windfall profits taxes and be clawing away at the immense gains of the 1% to cool the economy without causing millions to become unemployed. Instead we get massive recessions every 0-5 years.

I am compelled to draw obscure government functionaries no one knows, but this time I labelled him because even I couldn’t pick him out of a lineup.

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Economics Kinks

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More fiduciary fun this week. Funds for COVID mitigation measures are being held up in the Senate by Republicans and the usual Democratic suspects to keep Title 42. It was written by Stephen Miller using COVID as a pretext to unilaterally deport anyone seeking asylum from a country where COVID’s run rampant with nary a mitigation measure, like the United States right now, for one example.

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Pricing Panic!

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Russia invaded Ukraine while I was drawing this. Not good! I’ll do a cartoon about it if I think of anything more insightful than that.

I don’t usually watch local news, but we have another winter storm coming, and was curious what the snow totals would be. There were lots of segments about gas prices, even before today’s invasion. I’m sure price fluctuations are a huge inconvenience to commuters, especially the ones who bought monster truck pedestrian smashers when prices were low.

But other fixed costs have been rising for decades and can’t be ameliorated by downsizing your home and family. If there were signs on the sides of every road illuminating this, maybe they’d get as much attention as car juice.

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The Extended Groundhog Forecast

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We’re about to get a nor’easter this weekend, so I’m not optimistic about what the groundhog’s gonna say next week. In fact, I’m not optimistic about anything, except that I’ll get to go snowshoeing this weekend.

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Mint the NFTs

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Things are playing out exactly as they did in 2009 during the Obama years with deficits and debt suddenly the hostage du jour for Republicans (and defacto ones like Manchin and Sinema) who want things to be bad for the midterm elections.

Economists (the only social scientists who get rewarded for being wrong) poo-poo printing more money by invoking the “inflation” boogey man, but nobody has any money. The meager stimulus some people got because of the pandemic ran out months ago, and I’ve yet to see anything beyond the runaway housing/healthcare/education inflation we’ve been suffering through for the last 40 years.

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Steve Mnuchin’s 2019 Economic Forecast

I’ve been busy doing holiday things and have been blissfully ignorant of the week’s news … until this morning. Going back online is jarring. I just want to go back to making pot roast and prepping vegetables.

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Lifestyles of the Rich and Mnuchin

The Mnuchins are almost as tacky with their wealth as the Trumps, and that’s quite a feat. The tax bill that Republicans are flogging is the latest attack in the one-sided class war that’s been going on my entire life. It’s long past time for the 99% to start fighting back.

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The Amazon Bidding Game

The Amazon Bidding GameMayors and governors are debasing themselves and their constituents for the chance to woo Amazon’s second headquarters. Here in Boston, we already did this with GE, a failed Olympic bid, and an indy car race that no one but our Mayor wanted. Thankfully our local sports teams have fully privately funded stadiums, so we didn’t have to endure that nightmare common to other municipalities.

If you live in Boston, please vote Tito Jackson for mayor so we can stop embarrassing ourselves.

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