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Government Spending Is Out of Control! LOL

The Big Picture

The text accompanying that chart reads: “ Consumption: in 2024, one third of GDP came from government spending, a record high excluding periods of war or crisis; this was financed by 6-7% budget deficits, another unwelcome peacetime record.”

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Sunday links: money skepticism

Abnormal Returns

on.spdji.com) It's hard to make the math on hedge funds add up. nytimes.com) Budgeting When you do the math, it's hard to find trillions to save in the federal budget. econbrowser.com) The Department of Veteran Affairs now makes up 5% of the federal budget. prospect.org) The math on mass deportation doesn't add up.

Math 173
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15 Recession-Proof Businesses That Thrive in Any Economy

Clever Girl Finance

But while the economy slows, certain businesses remain steady, and some even thrive. Lets dive into 15 of the best recession-proof business ideas you can start today, even in a bad economy. These are businesses that meet everyday needs, provide essential services, or deliver comfort and value when people are tightening their budgets.

Economy 68
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Wednesday links: institutional forgetting

Abnormal Returns

nytimes.com) Some additional tariff math. theverge.com) Economy The bond market is not having it. paulkrugman.substack.com) What happens to the budget (and yields) if we have a recession? axios.com) The proposed budget does little to address entitlement spending. Markets High yield bonds have bounced back.

Math 194
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Transcript: Stephanie Kelton on US Fiscal Policy and the ‘Deficit Myth’

The Big Picture

You were the Chief Economist for the US Senate Budget Committee during, was that during the Obama administration? So wait, so you are the Chief economist for the Democrat US Senate Budget Committee, who is the chief economist for the Republicans Stephanie Kelton : Bill something? ’cause I was just teaching economics at UMKC.

Economy 147
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Sunday links: the arc of markets

Abnormal Returns

on.ft.com) What it took to rebuild Notre Dame (nytimes.com) Budgeting The math on any additional tax cuts is tough. prospect.org) Want to cut the federal budget deficit? noahpinion.blog) Economy How CPI works. (crazystupidtech.com) Notre Dame How France came together to rebuild Notre Dame.

Marketing 147
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The Student Debt Crisis And Black Women

Clever Girl Finance

With the economy reeling from the impact of the most recent pandemic and racial injustice at the forefront of many conversations, we cannot ignore the student loan crisis and its impact on black women. The math for this adds up over years of work and can cost quite a bit of income. Without a budget, you'll be shooting blindly.

Budgeting 105