Both production and transportation are down from 2022 peaks; why wasn’t that enough to cause a recession?  – by New Deal democrat While I have written about how the Index of Leading Indicators failed last year, as the loosening of and disinflation in supply chains overwhelmed the effects of Fed tightening, it wasn’t as if Fed tightening had no effect. In fact in the typical places where we would first expect to find those effects – namely, in...

Unlocking Samuelson's Surprising Isoquant Truth

Steve Roth  (at Asymptosis) I just had occasion, in replying to a correspondent, to reiterate much of the thinking in my recent MMT Conference presentation. I thought it might be a useful and comprehensible form for some readers, so I’m reproducing it here. I’ve also explained this at somewhat painful length here. Correct me if I am wrong but what you are saying extends MMT into the private sector. The govt boosts balance sheets with...

Mission of Mark Cuban Cost Plus Drugs The following is Mark Cuban’s pitch on supply drugs. If you do not have healthcare insurance which pays for drugs you more than likely going to pay list unless you have a drug store discount such as GoodRx. Mark Cuban talking pharmaceuticals and costs: We started Mark Cuban Cost Plus Drug Company because every American should have access to safe, affordable medicines. If you don’t have insurance or have a...

Disastrous Political Decision: Australia's Internet

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 … Even...

In the Washington Post David Lynch (no not that David Lynch) reports that “Falling inflation, rising growth give U.S. the world’s best recovery.” lternative titles Handling the blue team with velvet gloves (not used as it alleges bias when the article merely reports the facts without Ballance (TM) for once) Twin Peaks (inflation and GDP not used as it might invite a downturn and I am superstitious) The excellent article (just click...

Embracing the Beautiful Dynamic Change

  Η εφημερίδα ΚΑΘΗΜΕΡΙΝΗ στο φύλλο της 28ης Ιανουαρίου 2024 δημοσίευε συλλογικό βιβλίο με θέμα «ΒΛΑΝΤΙΜΙΡ ΙΛΙΤΣ ΛΕΝΙΝ: 100 χρόνια από τον θάνατο του’. Σ’ αυτό περιλαμβάνεται και το κείμενο μου «Οκτώβριος 1917¨Επανάσταση ή πραξικόπημα» που απαντά στην κυρίαρχη στον συστημικό λόγο κατηγορία ότι ο Κόκκινος Οκτώβρης δεν ήταν επανάσταση αλλά ένα πραξικόπημα. [embedded content]...