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...

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...

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...

Redirect Money to Genuine Investment?

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....

The COVID-19 pandemic had a dramatic effect on the US economy that was mitigated by the rapid development and deployment of COVID vaccines. I was a subject in the Moderna Phase III clinical trial of their RNA vaccine, and eventually have had six injections.The well-established benefit of COVID vaccination is that it will keep you out of the ED and the morgue. But what about “long COVID,” the post-acute sequelae of COVID infection that can last for...

I have demonstrated that Von Mises fails to identify problems with central planning. This post merely documents Von Mises being mistaken. He erroneously says that an economic decision cannot be made over alternative methods of producing a given good, without market prices for capital goods and resources. "The director wants to build a house. Now, there are many methods that can be resorted to. Each of them offers, from the point of view of the director, certain advantages and...

According to Word Press this article by EPI can be read in 7 minutes. It is not a difficult read and gives quite a bit of information. Wage growth strongest for low-wage workers between 2019 and 2023 In this analysis, we divide the wage distribution into roughly five groups to uncover recent wage trends at different wage levels.  Figure A displays wage growth at the 10th percentile (“low-wage”), the average of the 20th–40th percentiles...

That is unless he changes his mind. You have to remember; Justice Clarence Thomas dropped an open hint that Special Council Jack Smith’s appointment may not be legitimate. AG Merrick Garland has weighed in on this . . . Attorney General Merrick Garland defended his appointment of special counsel Jack Smith on Tuesday as the department appeals a ruling finding he was wrongly appointed, saying he wouldn’t make such a “basic mistake.”...

Economist Robert Reich offers up his opinion on JD Vance’s BS claims of tariffs not raising prices. Vance also wishes the tariffs brought a significant number of jobs to or were created in the US. Wrong on both accounts. Did this guy really go to Yale? Vance’s Trumped-Up Economics Today, Republican vice-presidential nominee JD Vance told NBC News that the tariffs Trump imposed during his term in office had not raised prices for Americans...