I attended 7th grade in a building that was built of brick and wood. In 8th grade, I was moved to the new junior high, a formed concrete building in the modern fortress architecture style.Now, it seems, what was old is new again. Wood is making a comeback, with a focus on a green building strategy called “embodied” carbon reduction. The goal is to lower the amount of greenhouse gas emissions in the construction processes.“Buildings account for more...

Private Debt: The Looming Economic Abyss?

Neoclassical economists claim money doesn't matter. This belief is as absurd as saying water doesn't matter for a fish. Money creation by banks fuels production and growth. Imagine a car running on empty. It won't get far. Ignoring money's role is like ignoring fuel in an engine. Mainstream models often omit banks and private debt. This is akin to a chef ignoring ingredients in a recipe. Without understanding how money flows, we can't grasp economic reality. Take the 2007...

As usual Trump is bleating about the upcoming election and how he will be cheated through fraudulent actions if he loses. Another point being made in this commentary is the pricing of goods which went up 14% while corporate profits when up five times as much. A Kroger Director admits such for some food products. My argument over the years has been prices can increase unduly and not due to increases in cost. Companies can increase prices because...

What is the issue(s) here is larger hospitals such as “Bon Secours (48 hospitals) has been slashing services” at its facility in a poorer, predominantly Black part of Richmond. At the same time, it is ‘investing in the city’s wealthier, white neighborhoods.’” By maintaining the Richmond hospital, it keeps access to the 340B program, provides drugs to the hospital in the wealthy section, and goes around the 340B rules. 340B hospitals are also...

Two excellent short and very readable mini articles (to be redundant). Both pieces are pointing to a direction the Fed should take in the next year or sooner with regard to Climate Change. It is doubtful they will do so until catastrophe hits. What is a few $billion more in spending, right??? This aspect of our economy and how it can impact the economy should be taken into consideration in decision making and costs. This is partially why, these...

I guess if you are X-President D. Trump and a civilian, nothing still applies to him. Even showing respect at Arlington. This is a man who called Vets losers. Trump: “Why should I go to that cemetery? It’s filled with losers.” On McCain . . . “He’s not a war hero,” Trump said in 2015 while running for the Republican nomination for president. “I like people who weren’t captured.” About McCains funeral, “He’s not a war hero,” Trump said in 2015...

There’s never a single data point that determines where the economy is going. 

 – by New Deal democrat Over the past year, I have downgraded the importance of manufacturing indicators as a forecasting tool for the economy as a whole. This post explores why and suggests a revised tool that may be a helpful short leading indicator. On Monday, durable goods orders rebounded sharply in July from their abrupt June decline. Still, as shown in the graph below, growth in both new factory orders and core capital goods orders has...

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...