The belief that climate change will have a minor economic impact is dangerously naive. Imagine a house of cards. You think it’s stable. But one gust of wind, and it collapses. That’s our economy facing climate change. At 10°C warming, regions like Florida will be underwater. You might think, “That’s just Florida.” But what about the ripple effects? When a major economy like Florida sinks, it drags others down with it. We must abandon these...
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Banning Price Gouging. What Do Economists Say? – WSJ
Americans hate high prices, and Kamala Harris says she plans to combat them by banning price gouging in food and groceries. But, depending on what form it takes, economists could hate her plan. Vice President Harris, who will formally accept her party’s nomination at the Democratic National Convention in Chicago this week, has laid the blame for high food prices at the feet of businesses. Surveys conducted by Harvard University economist Stefanie...
Read More »FTC is Interfering with Kroger and Albertson’s Consolidation
Yes, it is true. That is only part of the story. There is more to it as to why the FTC is interfering. I am surprised there is not more “current” information on Cerberus and Apollo Global involvement in the Kroger-Albertsons merger. I keep reading the same blathering over and over. $25 billion at play here. And both private equity guys are out to break the bank. Kroger is already threating to go to SCOTUS because the FTC’s Lina M. Khan is...
Read More »Rethinking public debt
Few issues in politics and economics are nowadays more discussed — and less understood — than public debt. Many raise their voices to urge for reducing the debt, but few explain why and in what way reducing the debt would be conducive to a better economy or a fairer society. And there are no limits to all the — especially macroeconomic — calamities and evils a large public debt is supposed to result in — unemployment, inflation, higher interest rates, lower productivity...
Read More »Big positive fiscal flows coming this week. 
Markets are going to pop. 
Read More »Price Gouging Part Two
from Peter Radford When you are only concerned with one thing and have only one tool things can go awry quite easily. So it is with our price theory friends. They bask in the rigor of their thinking and look askance at the inability of regular folks to grasp the point of the logic of their so-called price mechanism — note the mechanical nature of it all. The recent spate of snooty commentary aimed at Kamala Harris and her ideas about price gouging are a case in point. I talked about...
Read More »Arizona will decide on Abortion This November
The Arizona secretary of state’s office recently certified 577,971 signatures which is far above the number required to put the question of Abortion before voters. PHOENIX (AP) — Voters in Arizona will be able to decide in November whether they want to protect the right to an abortion in their state constitution. The Arizona Supreme Court ruled Tuesday that a 200-word summary that abortion advocates used to collect signatures for a ballot...
Read More »How The $100 Million Man Lost It All
Engineers, Finance, and IT Pros: Learn 50+ years of Real Economics in only 7 Weeks. Weekly with me. Learn more: apply.stevekeenfree.com OR Join ~10,000 others in downloading my free 'Funny Money' Bundle (2 books, worth $60): new.stevekeenfree.com -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against...
Read More »Redirect Money to Genuine Investment?
Redirect Money to Genuine Investment?
Read More »Climate Change Is Here Now!
Climate change isn't just a future problem. It's a fire raging in our backyard. Yet, mainstream economics acts like it's a mere flicker. This is a delusion. When economists ignore the urgency, they play with fire. The consequences? Disastrous. Imagine building a house on a volcano. You might think the ground is stable. But beneath the surface, magma is bubbling. That's our economy today. We’ve ignored the signs. The earth is heating up faster than we can adapt....
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