Tag Archives: Uncategorized

From the New York Times comes this list of trends in real estate, houses, mortgages, and the impact on buyers and sellers. The State of Real Estate Whether you’re renting, buying or selling, here’s a look at real estate trends. Rising mortgage rates. Faltering home sales. Skyrocketing rents. We spoke with economists, mortgage brokers and real estate agents to plot the course ahead. Looking for a house in this tight market? Consider...

Goodbye 117th Congress  Merry Christmas, you all. So, the 117th Congress is done, and Nancy Pelosi is ending her historic run as Speaker of the House.  It passed more legislation than we have seen happen in a congress in a very long time.  While Joe Biden did not get all he wanted, much less the progressive caucus, a great deal as passed, some of it, like the infrastructure bill, that has been languishing for decades. At the tail end we got the...

From Dan and Bill, and contributors to all our readers.

Just finished “Not One Inch: America, Russia, and the making of a postwar stalemate” by Mary Sarotte. The book was recommended to me by Bruce Cochrane. It is an excellent insight into current events in Ukraine today.The title comes from the assurance given by then-Secretary of State James Baker to Mikhail Gorbachev that German reunification would mean “not one inch eastward” in NATO expansion. This phrase has inspired much finger-pointing by Russia...

from Dean Baker The idea of industrial policy has taken on almost a mystical quality for many progressives. The idea is that it is somehow new and different from what we had been doing, and if we had been doing industrial policy for the last half-century, everything would be better. This has led to widespread applause on the left for aspects of President Biden’s agenda that can be considered industrial policy, like the CHIPS Act, the Inflation Reduction Act (IRA), and the infrastructure...

from Lars Syll In econometrics one often gets the feeling that many of its practitioners think of it as a kind of automatic inferential machine: input data and out comes causal knowledge. This is like pulling a rabbit from a hat. Great, but as renowned statistician David Freedman had it, first you must put the rabbit in the hat. And this is where assumptions come into the picture. The assumption of imaginary ‘superpopulations’ is one of the many dubious assumptions used in modern...

real-world economics review  Please click here to support this journal and the WEA  Issue no. 10218 December 2022 download whole issue Ecological Economics in Four ParablesHerman Daly          2 The Paradigm in the Iron Mask: Toward an Institutional Ecology of Ecological EconomicsGregory A. Daneke         16  The Towering Problem of Externality-Denying CapitalismDuncan Austin          30  Have We Passed Peak Capitalism?Blair Fix       ...

The EU-commission issued a tweet (below). Another step towards EU statehood. A large one. Since around 1500, access to credit was key for European (later: all) states waging war. The early development of central banks was intertwined with the history of national wars. Look here for the Wikipedia page on the history of the Bank of England -it literally starts with a ‘crushing defeat’ of England by France. Credit was needed to win. Government borrowing had to be enabled by central banks,...