Die fixe Idee des Finanzministers Bundeskanzler Olaf Scholz entließ Finanzminister Christian Lindner angesichts anhaltender Konflikte in der deutschen Regierungs-koalition. Lindner geriet wiederholt mit Scholz über finanzpolitische Fragen aneinander. Er lehnte die Pläne der SPD und Grünen für schuldenfinanzierte Maßnahmen entschieden ab, einschließlich einer Lockerung der ‘Schuldenbremse’ zur Förderung von Investitionen, insbesondere in Energie und...

[unable to retrieve full-text content]The Trump problem is not – and never has been – the electoral college The problem is that Donald Trump is a competitive presidential candidate in the United States, despite his manifest unsuitability for office.  There are various reasons for Trump’s competitiveness.  Some of these reasons are structural (the weakness of our parties and our […] The post Six thoughts about the election and democracy appeared first on...

Powell and FOMC members are Democrats.

from Peter Radford Battle is joined … This might annoy some of you — it is my hasty first thought. The Democrats have been thoroughly defeated.  Deservedly so.  They no longer relate to, or reflect, the American working class.  Without building such a relationship they cannot regain power.  Nor should they. Yesterday, early on the morning of election day,  a friend of mine forwarded an article by Robert Reich who argued that, in order to defeat Trump, Harris needed to focus more on the...

What monetarists. deficit hawks, and debt phobes don't get. Quotes by Abba Lerner and John Maynard Keynes.Lars P. Syll’s BlogFunctional financeLars P. Syll | Professor, Malmo University

As the national debt increases it acts as a self-equilibrating force, gradually diminishing the further need for its growth and finally reaching an equilibrium level where its tendency to grow comes completely to an end. The greater the national debt the greater is the quantity of private wealth. The reason for this is simply that for every dollar of debt owed by the government there is a private creditor who owns the government obligations (possibly through a corporation in...

[unable to retrieve full-text content] – by New Deal democrat Initial jobless claims continued their return to normalcy this week, as they increased 3,000 to 221,000. The four week moving average declined -9,750 to 227,250, which is tied for the lowest number except for two weeks in five months. Continuing claims, with the typical one week delay, rose 39,000 to […] The post Jobless claims: back to almost completely normal and neutral appeared first on Angry Bear.

1.0 Introduction I resolutely am not commenting on unhappy current events. Smith and Ricardo thought a (simple) LTV was not applicable to capitalism. Prices do not tend to or orbit around labor values. At least that is their claim. Ricardo had more to say about the LTV. This argument is not new. Smith confined the LTV to a supposed "early and rude state of society which precedes both the accumulation of stock and the appropriation on land" (WoN, book 1, chapter 6; see also book 1,...

[unable to retrieve full-text content]I have two dental implants, the first of which was done nearly ten years ago. They were both done after a tooth broke and the dentist told me he couldn’t save the tooth. I could have just left the hole, but elected to fill it with an implant, which was done in each case by […] The post The business of dental implants appeared first on Angry Bear.

[unable to retrieve full-text content]– by David Zetland The One-Handed Economist Ludwig van Mises published this short book in 1944, around the same time as Hayek’s Road to Serfdom was published but before Hayek’s 1945 article, “The Use of Knowledge in Society.” These other references are important because (a) Mises was Hayek’s teacher and (b) both were heavily involved in the “calculation debate” […] The post Book...