Thursday , January 11 2024
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Mike Norman Economics

Explain this

Hey Art Degree people explain this:[embedded content]Explain that… 🤔Here’s fucking another one:[embedded content]Explain this dumb fuck Art Degree people… 🤔Here here’s another one with go- go dancers… Art Degree m-fers what is going on here?[embedded content]What?  Lead belly song from AT LEAST  Jim Crow?  What is going on Art Degree morons? what?Another one can’t make it up:[embedded content]What is going on Art Degree morons?F=ma I can explain that let me know …  can you morons explain...

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Central banks and climate change — Bill Mitchell

Today, I discuss a recent paper from the Bank of Japan’s Research and Studies series that focused on how much attention central banks around the world give to climate change and sustainability and how they interpret those challenges within their policy frameworks. The interesting result is that when there is an explicit mandate given to the central bank to consider these issues, the policy responses are framed quite differently and are oriented towards solutions, whereas otherwise, the...

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US labour market – no sign of a major slowdown underway — Bill Mitchell

Last Friday (December 8 , 2023), the US Bureau of Labor Statistics (BLS) released their latest labour market data – Employment Situation Summary – November 2023 – which showed payroll employment rising by 199,000 which is a good sign. The unemployment rate also fell as employment growth outstripped the growth in the labour force – down to 3.7 per cent (from 3.9 per cent). The participation rate rose by 0.1 point, indicating optimism among workers. I see no sign of a major slowdown emerging....

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Science v Art

Massie (BSEE MIT, allegedly) vs. Kerry (BA PoliSci, Yale)…House freakdom caucus member Massie doesn’t understand the contemporary organization of the academe… Amazing how people don’t understand this simple bifurcation… 🤔MUST-WATCH: Rep. Thomas Massie masterfully exposes John Kerry's #ClimateScam propaganda—upon which Net Zero is built—for the sheer undiluted nonsense that it is, in just two minutes."I think it's somewhat appropriate that somebody with a pseudoscience degree is here pushing…...

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Progress coming in Biology

Looks like the department of Biology is going to finally shit can the Art Degree entirely… that would leave Economics as last moron standing…Seems like a consensus is forming amongst many smart people! This is Jensen Huang, CEO of $NVDABasically WATCH OUT for the impending biotech BOOM 💥 pic.twitter.com/QrN7heeyiQ— Gene Investing w/Anthony 🧬 (@GeneInvesting) December 6, 2023

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Biden: Fed should be discouraged from raising interest rates

Implies at least a hold for election year… for now…Hey, I thought Biden always said he respected the Fed’s independence. What gives?“Biden said the Federal Reserve should be discouraged from raising interest rates, in rare comments from the president on central bank policy making” https://t.co/9SnBThvJWU via @bpolitics— Judy Shelton (@judyshel) December 9, 2023

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Scientists revisit Solomon Asch’s classic conformity experiments—and are stunned by the results — Eric W. Dolan

This article is not about MMT as such or even economics, but rather social psychology. It may explain to some degree both opposition to MMT in the face of evidence and also the appeal of monetarism in the face not only of evidence but also fiancial losses sustained from trading on monetarist assumptions. It is also of interest to contrarianism.TL/DNR version:The study’s findings were striking in their similarity to [Soloman] Asch’s original results. In the non-incentivized group, the average...

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The Smith Family manga continues – Episode 7 is now available — Bill Mitchell

Episode 7 in our new Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 7 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

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