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Leveled off well above pre-Covid levels, and were held down by falling gasoline prices- no recession here: Adjusted for CPI/inflation: This was falling from the post-Covid fiscal collapse but has since recovered with the rate hikes:

Leveled off well above pre-Covid levels, and were held down by falling gasoline prices- no recession here: Adjusted for CPI/inflation: This was falling from the post-Covid fiscal collapse but has since recovered with the rate hikes:

from Imad A. Moosa and real-world economics review issue no. 101 The spread of the Coronavirus was aided by unpreparedness, the fact that the private sector cannot deal with a pandemic, neoliberal policy makers who could not care less about ordinary people, and years of dismantling public health systems through privatisation. Since the 1980s, belief in the power of the market has led to a status quo where governments take a back seat, allowing the private sector to steer the economy for...

Looking up, as have been most indicators since the rate hikes, which continue to add serious amounts of interest income paid by government (deficit spending) to the economy: Still high enough for the Fed to keep raising rates, etc: Higher than expected: New claims went up a bit, probably due to the hurricane, but remain very low historically:

Looking up, as have been most indicators since the rate hikes, which continue to add serious amounts of interest income paid by government (deficit spending) to the economy: Still high enough for the Fed to keep raising rates, etc: Higher than expected: New claims went up a bit, probably due to the hurricane, but remain very low historically:

from Lars Syll The impossibility of proper specification is true generally in regression analyses across the social sciences, whether we are looking at the factors affecting occupational status, voting behavior, etc. The problem is that as implied by the three conditions for regression analyses to yield accurate, unbiased estimates, you need to investigate a phenomenon that has underlying mathematical regularities – and, moreover, you need to know what they are. Neither seems true. I have...

Neoliberalism is a political economic philosophy that consists of two claims, one economic and the other political. The economic claim is free market laissez-faire economies are the best way to organize economic activity as they generate efficient outcomes that maximize well-being. The political claim is free market economic arrangements promote individual liberty. This paper argues […]

from Asad Zaman and the WEA Pedagogy Blog Rejecting Arbitrary Distributional Assumptions In the early 20th Century, Sir Ronald Fisher initiated an approach to statistics that he characterized as follows:: “… the object of statistical methods is the reduction of data. A quantity of data, which usually by its mere bulk is incapable of entering the mind, is to be replaced by relatively few quantities which shall adequately represent the whole …” As he clearly...