Paper on Paul with Tom Palley and Jamie Galbraith published by ROKE. From the 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...

[unable to retrieve full-text content]Trump promises to round up the homeless and put them in government internment camps. Only if they seek treatment and counseling, they might then qualify to be moved to housing. Harris takes a “housing first” approach. Get a roof over their heads and some housing stability, then offer the treatments and counseling that can move […] The post Trump vs Harris on homelessness appeared first on Angry Bear.

I debatten om det finanspolitiska ramverket hörs ibland  argumentet att vi måste ha ett balansmål eftersom ett underskottsmål orättvist skulle belasta kommande generationer. Senast i veckan som gick vädrade ekonomiprofessorn Daniel Waldenström i en radiodebatt denna den politiska högerns populistiska favoritmyt. Offentliga skulder är normalt inget att frukta, särskilt om de finansieras inom landet (även utländska lån kan vara till nytta för ekonomin om de investeras på rätt...

[unable to retrieve full-text content]This section discusses about immigration to the US and the various nationalities coming to the US. It has changed dramatically from Europeans to accepting more peoples There is more data on nationalities in the Census documents from Asia and eastern Europe as well as Africa and South America. In the beginning of this section, the […] The post Immigration law favors immigrants in the U.S. appeared first on Angry Bear.

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[unable to retrieve full-text content]“There is a stubbornness about me that never can bear to be frightened at the will of others. My courage always rises at every attempt to intimidate me.” Jane Austen, Pride and Prejudice Robert Reich speaks out about the Washington Post and the Los Angeles Times failure to endorse a candidate for president. Both stop […] The post Cowardice and intimidation at The Washington Post and L.A. Times appeared first on Angry Bear.

Varför talar ingen om detta? Enligt färsk statistik från SCB fortsätter arbetslösheten i Sverige att öka från en redan hög nivå. Justerat för säsongsvariationer ökade arbetslösheten från 8,3 procent i augusti till 8,6 procent i september. Detta om något borde vara en tydlig indikation på hur dåligt den ekonomiska politiken fungerar idag. Trots det lyser diskussioner om arbetslöshetens oacceptabelt höga nivå med sin frånvaro i våra medier. Inte minst mot...

From mid January 2025. 

Wie weiter mit der Schuldenbremse? .[embedded content] Einer der grundlegendsten Denkfehler in der heutigen Diskussion über Staatsschulden und Haushaltsdefizite ist, dass nicht zwischen verschiedenen Formen von Schulden unterschieden wird. Auch wenn es auf makroökonomischer Ebene notwendig ist, dass Schulden und Vermögenswerte einander ausgleichen, ist es keineswegs unerheblich, wer die Vermögenswerte und wer die Schulden besitzt. Lange Zeit...

[unable to retrieve full-text content]– by New Deal democrat Yesterday we got the existing home sales portion of the rebalancing of the housing market, showing sales down further, and price growth attenuation. This morning, we got the new home slice, which was a virtual mirror image. As per usual, while new home sales are only about 10% of the […] The post Rebalancing of the housing market, new home sales edition: sales increase, prices firm appeared first on Angry Bear.