Boring post on “Slow Boring”

“Slow Boring” is Matthew Yglesias’s substack. I don’t subscribe. It’s about the money. I can afford it, but I don’t like the fact that Matthew Yglesias makes so much money. I am extremely envious. I admit it. I think this is a very very common problem. Many people have asked Matthew Yglesias how he makes people so angry. I guess that they too are jealous. Also the text “Slow Boring” is brilliant snark. It is a reference to Weber...

The Baseline Scenario 1970-01-01 00:00:00

[unable to retrieve full-text content]

The same erroneous logic that created the social housing shortage is apparently the solution

Australia has a dire housing crisis, particularly in the low-income or social housing end. Since the 1990s, successive federal governments, who fund the social housing, have abdicated from their responsibilities citing a lack of funds and the need to run fiscal surpluses in order to save money for the future. While it has been starving the social housing sector, it has been investing billions of dollars in its Future Fund, ostensibly to cover...

Why We Fight is out April 19, available for pre-order!

Through Amazon and other sellers, plus a UK release 10 days earlier. Decades of social science completely changed how I think about conflict. But no one seemed to be talking about these ideas. How do you fix a problem if you don’t understand it? That’s why I wrote this book: to boil down for a general audience the big ideas from political science, economics, psychology, history, and a dozen other fields. A lot of people think war is easy and...

The Constitution DAOwner and the Winner’s Curse

I had never watched a Sotheby’s auction live so I really didn’t know what I was getting myself into, but boy was this exciting. So, long story short – a bunch of crypto enthusiasts created a thing called Constitution DAO. A DAO is a Decentralized Autonomous Organization. Basically, it is a decentralized organization that operates on the blockchain to achieve some specified purpose. In this case the purpose was to buy one of the only privately...

We’ve turned a corner on intersectionality and come to a crossroads…

The right-wing War on Wokeness has won over Seattle progressive Democrats... "because we can't afford to give the GOP any ammunition for the 2022 election."Democrats, who are famous for "keeping our powder dry," are now concerned that their opponents may use the specter of wokeness against them unless they get out in front with hardy denunciations of wokeness.In other news, Susan Sarandon is still responsible for Hillary...

Tumblr

My Future

I am winding down Azizonomics, though, as I am sure you are already aware it has already existed in a winded down state for many years, particularly since I left The Week in 2014. I mostly started this blog in 2011 because I was concerned about the economy, and the future, and was reading a lot, and jotting down my thoughts. From today, I will be focusing on my new podcast: Cybernetics Chat. The focus of that is much more a mixture of...

A Labor tax policy I can get behind …

… Just joking, this is the Greens A reduction in the inequities in the current tax and transfer system, including but not limited to: reform of the taxation of trusts, in order to reduce complexity and minimise tax avoidance;removing subsidies for the extraction and consumption of fossil fuels;redirecting funding from subsidising private health insurance towards direct public provision;reforms to the taxation of superannuation to benefit...

Rom i regnet (personal)

Rom i regnet (personal) .                                                                                                                                 [embedded content] Till Anna — som fick mig att överleva tre ändlöst långa gymnasieår. Och till Ulf — som skriver den sorts musik som glömskan inte rår på.

Falling into Line: Turning Endless Deficits into a Power Base

Thanks to all our Patreon supporters, we are now up to …. 67 patrons! Please support my work. This is an important interview. Michael Hudson Interviewed on Kevin Barrett’s Truth Jihad Radio, 11/15/21 Kevin Barrett: Welcome to Truth Jihad Radio, the radio show that wages the all-out struggle for truth by uncovering all sorts of interesting facts and perspectives that are normally banned, covered up, obscured, spun or otherwise messed with in...

“Transitory!”

Looks like “DEflation!” is not transitory…. 😜Crude down 20% in 3 days.This must be the commodity supercycle I've been hearing so much about.— Travis (@coloradotravis) November 30, 2021 Mike covers today’s Fed moron’s policy shift to “non transitory!” from Powell on the EXACT DAY it became transitory… could not have timed it WORSE!….  funny…[embedded content]

Existing home sales, new home sales, durable goods orders, consumer sentiment, personal consumption and income, tax receipts

Higher prices brought out a few more sellers: The blip up seems to have reversed: Softening: Looks like inventories have recovered: These largely involve buying intentions: Seems to be back on trend, without have ‘made up for’ the covid dip: The rate of growth is declining and has about settled back to the pre covid trend.The higher personal savings from the extra income from fiscal spending is largelyin the form of reduced personal...

Multiplier Effect 1970-01-01 00:00:00

[unable to retrieve full-text content]

On Garegnani’s contributions to economics

[embedded content]My initial comments at the seminar on the legacy of Pierangelo Garegnani's contributions to economics organized by the Italian Post Keynesian Network. The full seminar here.

Standard Money Theory and the Coronavirus

By J.D. ALT The theme and illustrations of this essay are from the new book “Paying Ourselves to Save the Planet.” It might seem, as we observe the U.S. government “instantly” generating $2 trillion new dollars for direct payments and grants to people and businesses, that the coronavirus pandemic has shed a new light on the authenticity (and necessity) of modern money theory (MMT). But that light, if it is being shed at all, is illuminating...

Weekly Economics Podcast: Closing the Covid-19 vaccination gap

Podcasts Weekly Economics Podcast: Closing the Covid-19 vaccination gap Ayeisha Thomas-Smith is joined by Achal Prabhala and Saiorse Fitzpatrick By Ayeisha Thomas-Smith 29 November 2021 Coronavirus cases are...

A Currency-Issuing Government Must Spend Before Non-Government Can Meet Its Net Financial Liabilities

In reaction to MMT statements that government spending must occur before taxes can be paid, it is sometimes noted that a household could pay taxes by borrowing from a bank that subsequently obtains reserves from the central bank. Whether this is true from inception of a modern money system will depend on the terms set down by the central bank in advancing reserves to banks. But supposing the terms are permissive, would it change anything of...

FX Crises and the Trajectory of Interest Rates

In this post, I want to get a sense of foreign exchange crises since 2008. The data that I am using is taken from the World Bank. It is not perfect. It is a bit spotty and could be improved upon. It is also annual data, so it will not pick up intrayear crises. But it is solid enough that it should give us a good first cut on the dynamics of foreign exchange crises. The first question to ask is simple enough: how many foreign exchange crises...

Three Patterns Across The Axis For The Rate Of Profits In A Model Of Intensive Rent

Figure 1: Three Patterns Across the r Axis and One Three-Technique Pattern This post begins a perturbation analysis of an example of intensive rent from D'Agata. I have previously claimed that certain structures in parameter space are universal in some sense. Table 1 presents the available technology. Corn is grown on homogeneous land, and three processes are available for producing corn. One hundred acres of land are available, leading to...

COVID 19-related debt relief: a consortium proposal to the SDR basket countries

By T. Sabri Öncü & Ahmet ÖncüIn Memory of David Graeber (1961–2020)This article first appeared in the Indian journal, Economic and Political Weekly, on 21 November, 2020On 30 March 2020, the United Nations Conference on Trade and Development (UNCTAD) called for a $2.5 trillion COVID-19 crisis package for developing countries.[1] The UNCTAD proposals were: (i) $1 trillion to be made available through the expanded use of the International...

More supportive housing for semi-independent seniors

The Canadian Centre for Policy Alternatives asked me for a ‘big idea.’ I wrote about the need for more supportive housing for semi-independent seniors. Here’s my submission: https://nickfalvo.ca/more-supportive-housing-for-semi-independent-seniors/

Latest SNB Intervention Update: Weekly Sight Deposits

Weekly update on SNB interventions: Sight deposits are debt for the central bank. An increase of sight deposits implies more debt and SNB interventions

Three Patterns Across The Axis For The Rate Of Profits In A Model Of Intensive Rent

Figure 1: Three Patterns Across the r Axis and One Three-Technique Pattern This post begins a perturbation analysis of an example of intensive rent from D'Agata. I have previously claimed that certain structures in parameter space are universal in some sense. Table 1 presents the available technology. Corn is grown on homogeneous land, and three processes are available for producing corn. One hundred acres of land are available, leading to...

Multiplier Effect 1970-01-01 00:00:00

[unable to retrieve full-text content]

Sei lezioni sulla moneta: indice e introduzione

Più sotto indice e introduzione a: Cesaratto, S. (2021) Sei lezioni sulla moneta- La politica monetaria com’è e come viene raccontata, Diarkos, Reggio EmiliaRecensioniDario Togati (E&P)  Riccardo Zolea (Etica ed economia) Alessandro Bonetti (Il fatto quotidiano) Cliccando si scarica il pdf.    Indice           13               Ringraziamenti               15               Glossario dei principali acronimi               17              ...

Boring post on “Slow Boring”

“Slow Boring” is Matthew Yglesias’s substack. I don’t subscribe. It’s about the money. I can afford it, but I don’t like the fact that Matthew Yglesias makes so much money. I am extremely envious. I admit it. I think this is a very very common problem. Many people have asked Matthew Yglesias how he makes people so angry. I guess that they too are jealous. Also the text “Slow Boring” is brilliant snark. It is a reference to Weber...

Anti-China Fever in the US: a lethal contagious disease

Much of the United States (especially Washington, DC) is in the grip of a contagious lethal anti-China fever which is spreading fast. Even people I usually admire and respect have become infected. Reason and facts have lost all capacity to inoculate. Fortunately, I was sent a vaccine (that takes one minute to administer) which I ...