Credit Drives Economic Performance, Not Beliefs.

Quantitative easing is often hailed as a necessary tool for economic recovery. But let’s take a closer look. It’s like giving a lifeline to a drowning swimmer while ignoring the fact that he’s swimming in a pool of sharks. The wealthy, who own the majority of shares, are the ones benefiting from rising stock prices. Meanwhile, the average person is left treading water, gasping for air. This isn’t just a minor inconvenience; it’s a widening chasm of...

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Indeed, everything Postmaster DeJoy has done has slowed the USPS even more . . . USPS plans rural slowdown after election to cut costs, The Washington Post (archive.ph) Top U.S. Postal Service officials are considering plans to allow slower mail delivery in the coming months for long-distance and rural service to cut costs at the financially troubled agency — but not until after the election. The changes would give customers within 50 miles...

Trump promising a return to 3% mortgages if he can get back in…He’ll have to tell his Central Bank to lower the policy rate down to at least 2% to hope to get his 30-yr fixed back to 3%…Donald Trump says his plans to slash regulations will get mortgage rates 'back down' to 3%, per FORTUNE— unusual_whales (@unusual_whales) September 9, 2024

About 15 years ago, we replaced our electric stove and range, which was breaking, with a gas stove and range. I prefer cooking on gas. In addition to the oven and cooktop, we had a gas furnace, water heater and clothes dryer. To be fair, >80% of the electricity in Missouri at the time was generated with coal.The problem with natural gas is that it is ca. 84 times more potent than carbon dioxide as a greenhouse gas, and there’s a lot of methane...

It is about time, Congress puts in place an ethics code for judges, Justices, and themselves. If you do not believe this is needed, read this: “Supreme Court Justices Accepted Hundreds of Gifts Worth Millions of Dollars,” Angry Bear. All told, the number of gifts FTC identified that were accepted by the current nine, plus the eight who’ve left the court since 2004 (Justices Rehnquist, Stevens, O’Connor, Scalia, Kennedy, Souter, Ginsburg and...

Much of this is the result of commercial healthcare gaming the system with pricing. Medicare Advantage can not compete head-to-head with Traditional Medicare much less the VA. VA sent me to Barrows (Arizona) for an issue with my back and right leg. I was going numb and it was painful to walk. So to make up for just giving me epidural shots in my spine (surgeon’s suggestions), they decide to work on my blood pressure, cholesterol, and weight. They...

Unless there is some alternative, which there is not at this time dips in the dollar should be bought. 

Today (September 6, 2024), MMTed releases Episode 5 in the Second Season of our Manga series – The Smith Family and their Adventures with Money. Have a bit of fun with it while learning Modern Monetary Theory (MMT) and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryEpisode 5 of the Smith Family Manga (Season 2) is now available – the Finance Report hots upBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and...