Taking Trump on a dog walk

Insanity on steroids.

The good folks at Applied MMT will join in on this weeks livestream to show of the new MESSSI (Macro Economic System State Simulator). This also mark the start of the Third season of Real-Time with Steve Keen & Friends. Yeah... Economics was wrong, and its time for that truth to be known, but its about to be a whole lot better, watch this stream to find out why. You can fined out more on Applied MMT here: https://appliedmmt.com/

I have thoughts on a typically interesting essay by Brad DeLong. It was sent to project syndicate and also my e-mail inbox. I think I should not quote it at length without paying. His claim is that, whether or not one likes industrial policy, we need it now. Given the 700-word limit, he doesn’t discuss Biden’s industrial policy and how it seems to be working. I will try to define industrial policy not as anything by laissez faire but specifically...

– by New Deal democrat If residual post-pandemic seasonality has been affecting jobless claims statistics, the real acid test is going to begin next week, as for the next 7+ months, any number higher than 220,000 is almost always going to be higher than one year ago. In the meantime, for this our last week of the seasonal downtrend, initial jobless claims rose 2,000 to 230,000. The four week moving average rose 750 to 230,750. Continuing...

Childish Economics Must End!

Apparently, the larger WalMarts, Target, etc. know how to do so. The lower cost rivals(?) which should have greater appeal to its targeted customers are struggling. ~~~~~~~ Dollar General and Dollar Tree need a ‘new playbook‘ to compete . . . In the world of retail, Walmart, Target, and Costco continue to thrive with their blend of quality and convenience. Low-cost rivals Dollar Tree and Dollar General face declining consumer...

Without a doubt, there are simpler ways to resolve the funding of Social Security going beyond 2035. Bruce Webb, Dale Coberly, and Angry Bear have discussed the topic enough times. They have also been verbally attacked by others for suggesting the Northwest Plan is a way to secure Social Security up till 2100 or close to it. Social Security belongs to the citizens, the people due to the way it is funded. There is no reason it can not continue to...

Ludwig Von Mises expanded his erroneous 1920 essay into a book, Socialism: An Economic and Sociological Analysis. The first edition was published in 1922 and the second edition in 1932. Since Von Mises is attempting to be more comprehensive, he treats the socialist advocacy of free love in an early chapter. Being au courant, he writes about Freud. He argues that the bourgeois idea of marriage as a contract, binding on both husband and wife, is an improvement on what came before. But I...

An update on what is happening here is Arizona. There is more than just TSMC building in the Phoenix area. Intel has a couple of plants under construction also. TSMC has good news as it looks to make chips in the U.S. Taiwan Semiconductor Manufacturing Company’s production trials in Arizona are yielding results similar to its factories in Taiwan. Trial production yields at Taiwan Semiconductor Manufacturing Company’s factory in Arizona are...