Relevant and even prescient commentary on news, politics and the economy.

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The Shrinking of Treehorn

…even general inflation, do we have faith that the government will get that health care inflation under control soon? As my auto-engineer sister and brother-in-law in the Detroit area worry…

Limited tricks, monolines, municipal bonds…

…Mae and Freddie Mac) and not (private-label MBS) means it will have eventually sold or pledged half of its Treasurys, limiting how many more of these tricks it can pull…

At least as of yesterday morning, the Democratic establishment still didn’t get it. Then again, as of late yesterday, neither did the Republican establishment. And neither did Donald Trump. [UPDATED]

…think tanks and so-called legal foundations, small, non-profit (thus “Foundation” as part of their title) law firms, all funded by extreme economic self-styled libertarian (the Madison Avenue-inspired ideological label they…

Train Drain

…Hunter Harrison, who pioneered a new business model called “precision-scheduled railroading,” or PSR, that has now been almost universally adopted by the nation’s major railroads. Despite its label, PSR has…