EconoSpeak

We are experiencing climate change with a vengeance in British Columbia. For the past four summers, we have had horrific wildfires that send smoke all the way from the interior to the west coast of Vancouver Island. Last summer, we had a record-breaking "heat dome" that killed over 600 people and, after registering all-time heat records for several days, the town of Lytton burned to the ground. Currently, our third atmospheric river in three months has forced the evacuation of Merritt, B.C.,...

 Of course Donald Trump has been using this Big Lie method of simply endlessly repeating a Big Lie and successfully so with his claim that last year's presidential election was "rigged" or "stolen," with according to the latest poll I just saw on the order of 70% of Republicans accepting this Big Lie.But this practice seems to be spreading for yet more degeneration happening as figures who have not done this like Trump now seem to be imitating him also.  The latest is Hugh Hewitt, a...

 On the first page of today's Washington Post was reported a poll showing that when a random sample was asked, 46% said they would vote for a generic Republican candidate for Congress versus 43% for a generic Democratic candidate. Given reported further pro-GOP gerrymandering, if this were to hold for next year's midterms, GOP would certainly take solid control of the House, if not the Senate.  Not looking good for the Dems or Biden and Harris.Now there certainly some things that are not...

[embedded content]I'm on at 5:35 of the video. A little hoarse at 4 a.m.!

[embedded content]I'm on at 5:35 of the video. A little hoarse at 4 a.m.!

DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME... Did I mention "disposable time"? Marx repeated disposable time seven time in paragraph (three paragraphs in the complete works) I've taken the above excerpt from. In English. In capital letters. That, and the fact that his theory of crisis was sandwiched between two quotations from The Source and Remedy of the National Difficulty suggest to me that Marx's theory of crisis...

DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME, DISPOSABLE TIME... Did I mention "disposable time"? Marx repeated disposable time seven time in paragraph (three paragraphs in the complete works) I've taken the above excerpt from. In English. In capital letters. That, and the fact that his theory of crisis was sandwiched between two quotations from The Source and Remedy of the National Difficulty suggest to me that Marx's theory of crisis...

 Tracy Mott has died at 75, a well-known Post Keynesian economist and nice guy.  I was Facebook friends with him, and from there he seemed fine, actively posting and commenting.  Indeed, in the obit I saw for him it did not say what he died of.  But I guess one can post there even when one is not well.  He died in Denver where he had long lived and been in the economics department at the University of Denver, which he served as Chair of for quite a long time, building it up as a center of...

 Tracy Mott has died at 75, a well-known Post Keynesian economist and nice guy.  I was Facebook friends with him, and from there he seemed fine, actively posting and commenting.  Indeed, in the obit I saw for him it did not say what he died of.  But I guess one can post there even when one is not well.  He died in Denver where he had long lived and been in the economics department at the University of Denver, which he served as Chair of for quite a long time, building it up as a center of...

The starting point for any consideration of inflation is that wages (and interest, profits and rents) are prices.  Every transaction has two sides, and one person’s price is another’s income.  In the aggregate, leaving aside international complications, inflation can’t have either a negative or positive effect on aggregate real income.  After this you can explore issues of distribution, inflation’s effects on planning, and so on.Money illusion is the name given to the failure to recognize...