Tag Archives: US/Global Economics

GOP’s attack on Americans’ retirement savings just went to the next disgusting level, Opinion, Alternet. “To protect older Americans’ life savings, President Biden pledged in October to crack down on financial advisers who recommend investments just because they pay higher commissions. Then the insurance industry got to work.” Explained: The Controversy Over Tim Walz’s Military Service, Snopes. The claim that Walz “abandoned” his...

by David Zetland The one-handed economist Benefit-cost accounting (BCA) began with a simple comparison of monetary benefits and costs, e.g., should I invest $100 in exchange for a return of $10 per year. Then people wanted to compare more abstract values, such as the benefit of a vacation or sandwich or education against the costs of those goods. In those cases, the benefits are somewhat subjective — depending on the person, timing, etc. —...

I am a recipient of the SwissInfo (SWI) news and have been for a long time. Out of southern Germany I would duck down to Switzerland to tour when I was not working. A different economic outlook in Switzerland as compared to the US. Maybe someone can add to the story of the European economy? Swiss Franc rally supercharged? by Georgios Kefalas SWI swissinfo.ch, The wave of risk aversion that ripped through markets at the start of the...

 If you have been keeping up with New Deal democrat’s reports on the economy. He is not yet quite sold on the US slipping into recession. The Establishment Survey numbers are still positive. Numbers He believes and the numbers support his beliefs we are in a slight expansion mode. NDd also believe it is time to turn lose on the FED rates as it is in a slight expansion. Frustration of Claudia Sahm As Her Recession Indicator Triggers From the...

I grew up in East Tennessee in the 1960s. Fish was something that came in breaded rectangles out of the freezer. Growing up Roman Catholic, it’s what was for dinner on Friday. I never cared for fish back then.We honeymooned in Charleston SC (“where the Ashley and Cooper rivers meet to form the Atlantic Ocean”) and that’s when I first had shark. While we were in grad school in North Carolina, we occasionally enjoyed crab and rock shrimp. There was good...

Abstract: Paul Davidson was a critical figure in the preservation of John Maynard Keynes’s ideas, sticking with them when they were out of fashion. He was also key to the survival of the Post Keynesian school. Davidson endorsed Keynes’s liquidity preference theory of interest, and he emphasized fundamental uncertainty as a central feature of economic reality, essential to making sense of a monetary economy. His greatest legacy is the Journal of...

A counter argument by Robert Reich about Pres. Joe Bidens 2021 CHIPS Act. Why Did the US give away $52bn to corporations like Intel? by Robert Reich The Guardian Congress will soon put final touches on the Chips Act, which will provide more than $52bn to companies that design and make semiconductor chips. The subsidy is demanded by the biggest chipmakers as a condition for making more chips in America. It’s pure extortion. The...

by David Zetland The one-handed economist Sometimes you just want the answer I’ve been thinking of the costs of “staying in place” (in terms of consumption) while Climate Chaos damages arrive since I read 2052 a few years ago (my review). It works like this: CC means that free and useful ecosystem services (e.g., cleaning water, regulating temperatures) are turning into expensive and harmful ecosystem attacks (e.g., storms, floods, heat...

The second part of my book proposal is a chapter outline and summary. I will be doing that on the installment plan, one chapter at a time. Below is a table of contents: 2.0 Marx’s Fetters and the Realm of Freedom: a remedial reading – part 2.0 – Angry Bear 2.1 Ambivalence – Angry Bear 2.2 Der Gefesselte Marx – Angry Bear 2.3 Inversion – Angry Bear 2.4 Alienated labour and disposable time – Angry Bear 2.5 Pauperism and “minus-labour”...

Book proposal: Marx’s Fetters and the Realm of Freedom: a remedial reading — part 2.0 The second part of my book proposal is a chapter outline and summary. I will be doing that on the installment plan, one chapter at a time. Below is a table of contents: Fetters/Der Gefesselte Marx Ambivalence Inversion Alienated labour and disposable time Pauperism and “minus-labour” From sufficiency to planned obsolescence… and back? The...