Louis-Philippe Rochon on Paul Davidson. James Galbraith, Thomas Palley, and Matias Venengo on Paul Davidson. The Economist on Donald Harris. Response in letters to the editor (Both behind paywall). The Washington Post on policy advice from Donald Harris for Jamaica (Behind paywall). Maybe I want to read Vanessa Wills' Marx's Ethical Vision, which may be in tension with views I have set out. Gordon Katic on the insidious elitist upshot of behavioral economics.

Trump is promising mass deportations if he’s elected. He claims this will create jobs and economic growth. We’ve been here before.“In the 1930s, state and local governments deported 400,000 to 500,000 people of Mexican descent, promising to create jobs for Americans during the Great Depression. What actually happened? The employment of native-born Americans dropped — and their unemployment went up. American workers ended up with worse jobs and, if...

Two in five Americans have outstanding health care bills, according to the Kaiser Foundation. Those with payments overdue are more likely to be uninsured, low-income, and either Black or Hispanic. What’s more, the total amount of outstanding medical debt in the United States is much bigger than people think. ~~~~~~~ Most states have not yet enacted laws preventing the accrual of medical debt, but many have implemented protections for people who...

We have already posted on Grocery Stores artificially holding prices high and the use of another entity gathering those prices and supplying them to various entities. In day two, Kroger’s use of Albertson’s higher pricing to set their own pricing is a ” strategic avoidance of lowering pricing.” Read on, I will gather up Day Three for later tomorrow. Kroger’s Pricing Strategies and Market Control Scrutinized in Day 2 of Merger Hearing, Economic...

 – by New Deal democrat As usual we start the month with two important reports on the leading sectors of  manufacturing and construction. First, the ISM manufacturing index showed contraction yet again, with the headline number “less negative” by way of increasing from 46.8 to 47.2, and the more leading new orders subindex declining sharply by -2.8 from 47.4 to 44.6: Including August, here are the last sis months of both the headline...

.[embedded content] Angesichts der Ergebnisse der jüngsten Landtagswahlen in Deutschland gibt es allen Grund, Schröters Ansichten sehr ernst zu nehmen. Andernfalls besteht ein großes Risiko, dass populistische Extremistenparteien wie die AfD und die BSW weiterhin ihre Positionen ausbauen.

In today’s AFR. It’s paywalled and I don’t have access (I’ve been promised a PDF) so here’s what I submitted, which may not be final. Six months ago, Federal Treasurer Jim Chalmers was planning legislation to remove his own power (never used, but always available until now) to over-ride decisions of the Reserve Bank. Now, he has not only decided to retain this power, but has openly criticised the Bank’s interest rate decisions as “smashing the economy”. It’s easy enough to...

I have long thought that there is a (partially effective) treatment for opiate addiction — suboxone. To review suboxone is a mixture of buprenorphine and naloxone. Buprenorphine is a partial opiate receptor agonist (activator) which also blocks other opiates. At least when taken orally, it relieves opiate craving but does not make people high and prevents them from getting high with other opiates. Naloxone is the well know opiate antagonist used in...

I have read many articles quoting (brave) Republicans complaining about Donald Trump’s focus on personal, petty and implausible attacks on Kamala Harris. They often assert that if the election were decided on the basis of policy or issues, then Trump would win. Here is the latest discussion I read about that (just the available link and an excellent blog post). My immediate reaction is to argue that the Republicans’ claim is false and that voters...

If so, that is the most important thing for the market.