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The long awaited downturn in multi-family construction may finally have happened  – by New Deal democrat With the relative fading of manufacturing in importance to the US economy, the leading construction sector has assumed even greater importance. And the most important data about construction are the leading, and long leading, data about residential housing construction. To give a little additional framework, typically the first data to...

That was my suggested headline for my latest opinion piece, which ran in Australian online magazine Crikey under the sub-editors (blander IMO) choice of “We don’t need a nuclear renaissance. We need a solid plan on renewables” The idea of the piece was to respond to Exhibit A in the case for nuclear power, the successful French construction program of the 1970s and 1980s, under the Messmer Plan. I’ve previously written about the way this program depended on the power of the French...

At this moment, there’s quite some ‘graphology’ when it comes to inflation. Here, an example by Paul Krugman. Here, Larry Summers. And an example by a younger chap, Joey Politano. (Caveat: ‘X’ kicked out some links when I was writing this blog (or at least they disappeared), it might happen again)). All of these economists are really ahead of the pack when it comes to knowledge of economic statistics (methodology as well as results). They also know a thing or two about economic theory....

The #HAFF was Albanese #Labor’s biggest single program, spending $500 million a year. The Greens extracted $3 billion more over (I think) 3 years, tripling the size of the program #auspol Share this:Like this:Like Loading...

Banksvikt og faren for en ny krise[embedded content] Banksvikt og faren for en ny krise Av Stavros Mavroudeas Forfatteren er professor i politisk økonomi ved Panteion-universitet i Hellas. Den globale økonomien har nylig blitt rystet av en bankkrise. Fra USA – til tross for erklæringene i EU og andre steder – spredte problemene seg raskt videre, i det minste til resten av de vestlige økonomiene. Amerikanske Silicon Valley Bank ble fulgt av den forhastede redningen av den...

Den politiske alkymisten Yanis Varoufakis[embedded content] 14/09/2023Marxistisk senter Den politiske alkymisten Yanis Varoufakis Av Stavros Mavroudeas Verbale redningsmenn i krisetider I krisetider er det vanlig at det dukker opp «frelsere» som lover de lidende masser redning gjennom fantasifulle planer som skal reformere systemet og forbedre deres dårlige levestandard. Bak disse «frelsernes» høylytte rop mot systemet skjuler det seg mer eller mindre åpenbare...

One of the iconic moments in Australian sport occurred in at the 2002 Winter Olympics. Australians are strong in most summer sports, but we don’t have much in the way of a winter, so it was considered quite an achievement for Steven Bradbury to make the finals of the speed skating event. He was given little chance of winning, and was trailing the pack until the final seconds, when all four skaters ahead of him crashed spectacularly. Bradbury cruised past them to claim the gold medal,...

My latest in Crikey Share this:Like this:Like Loading...

September 11, 2023, marks the fiftieth anniversary of General Pinochet’s military coup against Chilean President Salvador Allende. While it is now widely recognized that Pinochet authorized large-scale human rights abuses, there is an accompanying narrative that he also unleashed an economic miracle via embrace of Milton Friedman’s “Chicago Boys” vision of a market economy. The […]

from Blair Fix Have you ever wondered what it takes to become a billionaire? Do you need rare genius? Exceptional acumen? Miraculous foresight? An uncompromising work ethic? On all four counts, the answer is no. It turns out that to become a billionaire, what you really need is the right social setting. You need to live in a society that is suitably rich and appropriately unequal. Without those things, your chances of wearing the billionaire badge are low. In this post, I’ll do the math....