Tag Archives: Uncategorized

“Open Thread January 6, 2023,” Angry Bear, angry bear blog

Source: Oxfam calculation based on Credit Suisse Global Wealth Report.

from C. P. Chandrasekhar and Jayati Ghosh  Tight monetary policies in rich countries obviously affect people in the countries where they are applied, but they also cause ripple effects across the world. We were already in a very unequal world before the most recent global price increases. Most developing countries were not able neutralize the damage inflicted by the pandemic, largely because they had much weaker fiscal stimuli. Of nearly $14 trillion in additional fiscal spending by...

Why it’s vital to present a model before we vote Shorter JQ: Albanese should release draft legislation before the Voice referendum if it is to succeed. Not doing so is a recipe for failure based in part on a mistaken analysis of the 1990s Republic referendum, which I shared for a long time. Although polls suggested majority support for a republic, the Turnbull/Keating proposed model (appointed president) was defeated. Analysis assumes alternative of elected president would also...

Please visit https://warrenmosler.com/blog/ for new posts! Thank you!

from Lars Syll If we have independent reasons to believe that the phenomena under investigation are mechanical in Mill’s sense, well and good: mathematical modeling will prove an apt mode of representation … But if we have independent reasons to believe that there is more going on in the phenomena under investigation than a mathematical model can suggest – that is, that the phenomena in question are not in fact mechanical in the required sense – then mathematical modeling will prove...

The Covid-19 pandemic highlighted the urgent need for a universal social protection floor—something that has been talked about and even internationally accepted for more than a decade now, but has still received relatively little serious attention from policy makers in most countries. The challenge is to ensure basic levels of food, health, income and livelihood security, not only in periods of crisis like the pandemic or economic shocks but also in the “normal” course of economies and...

An open thread on the insurrection in Brazil. I’d particularly be interested in comments from a Latin American perspective. Share this:Like this:Like Loading...

from Dean Baker The New York Times had a major article reporting on how many people in South Korea, Hong Kong, and Japan are being forced to work well into their seventies because they lack sufficient income to retire. The piece presents this as a problem of aging societies, which will soon hit the United States and other rich countries with declining birth rates and limited immigration. While the plight of the older workers discussed in the article is a real problem, the cause is not the...

Back in the Paleolithic days of blogging, I got interested in the relationship between philosophical thought and political action, particularly in the cases of Hayek and Heidegger and their support for Pinochet and Hitler respectively. I think the evidence is in on Hayek (see here and here), so I won’t discuss it further. In Heidegger’s case, there’s been plenty more evidence on Heidegger’s personal conduct, cumulatively quite damning. But the claim that he was one of the greatest...