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I need to crash

from Dean Baker For the last quarter century, those of us hoping we could slow global warming were anxious to see a quick conversion to electric vehicles (EVs). If we could get most people using electric vehicles, and have the energy coming from clean sources, we could radically reduce greenhouse gas emissions. The problem was that EVs were considerably more expensive than their conventional counterparts. There were savings in operation due to lower maintenance, and the electricity...

It appears rent, transportation, and medical care services are the culprits holding up a decrease in inflation. Medicare does not surprise me at all. Harvard School of Health blames the rise of prices on administrative expenses, corporate greed and price gouging, and higher utilization of costly medical technology. What to Look for in the April CPI by Dean Baker CEPR The overall and core Consumer Price Index (CPI) both increased by 0.4...

from Dean Baker The New York Times reported that Jim Simons, the founder of Medallion hedge fund, died this week. As a result of his fund, according to the article, he accumulated more than $20 billion over his lifetime. Simons was a math genius who had made many important breakthroughs in various areas of math. Back in the 1980s, he decided that he could make far more money on Wall Street than in doing math at a university. He thought that with sophisticated algorithms and cutting-edge...

For quite a while I’ve been meaning to write a piece appreciating Ross Gittins’ 50 year run as Australia’s leading economic journalist. He’s one of the few who is neither an ideologue nor a recycler of corporate talking points (no names, no pack drill, but most of my readers will be able to think of plenty of examples).This plan was pushed to the top of my agenda when Ross gave an exceptionally generous donation to support my Brissie to the Bay cycle ride in support of MS Queensland....

from Peter Radford You can’t fight a war without understanding your enemy.  That’s an adage as old as war itself.  Which means it’s very old. Joe Stiglitz doesn’t understand his enemy. Now, that’s an odd thing to say bout someone who’s worldview is hardly a secret.  Stiglitz has given it his best shot for decades.  He’s one of the few big name economists worth reading on a regular basis.  But that doesn’t mean he always says things that add up. He’s a roll lately and his latest book is...

from Lars Syll It’s hard not to agree with DeMartino’s critique of mainstream economics — an unethical, irresponsible, and harmful kind of science where models and procedures become ends in themselves, without consideration of their lack of explanatory value as regards real-world phenomena. Many mainstream economists working in the field of economic theory think that their task is to give us analytical truths. That is great — from a mathematical and formal logical point of view. In...

Το ψηφοδέλτιο της ΑΝΤΑΡΣΥΑ-Ανατρεπτική Συνεργασία στις ευρωεκλογές έχει ως εξής: Αγγελόπουλος Ιωάννης Σοσιαλιστικό Εργατικό Κόμμα Πάτρα Αναστασιάδης Αναστάσιος (Τάσος) Συντονισμός Εργατικής Αντίστασης Ασλανίδη Παρθένα (Θένια) γιατρός στο Αττικό νοσοκομείο, Συντονιστικό Νοσοκομείων Βαφειάδου Ελένη δημοτική σύμβουλος Περιστερίου, μέλος Δ.Σ. αρχιτεκτόνων Ν. Αττικής και αντιπροσωπείας ΤΕΕ, στέλεχος ΕΚΚΕ        Βουρεκάς Κωνσταντίνος αρχιτέκτονας, πρόεδρος τμήματος Αττικής...

Planet is headed for at least 2.5C of heating with disastrous results for humanity, poll of hundreds of scientists finds 

from C. P. Chandrasekhar and Jayati Ghosh Once again, low and middle income countries (LMICs) are at the brutal receiving end of the fickle trajectory of international capital flows. As Figure 1 indicates, net financial flows to such countries, which increased rapidly after the Global Financial Crisis that began and was created by advanced economies, peaked in 2014. Thereafter, they have been on a downward trend, which has accelerated dramatically from 2021, to the point that they turned...