Att bryna lök … .[embedded content]

– by New Deal democrat It’s a slow economic news week, so don’t be surprised if I play hookie tomorrow or Wednesday. In the meantime, now that we have July’s inflation data, we can update some “real” consumer well-being indicators. First, real average hourly wages for nonsupervisory workers rose 0.1% in July to a new all-time high excluding April through June 2020: It has risen 3.8% since its pre-pandemic all-time high, and 3.0% from...

Wealth Effect is a Myth!

If the skies are clear tonight by you, it may be interesting to look to the sky to see the Moon. Supposedly it is blue, full, and what is called a super moon. What is a super blue moon and why is it so rare? What is so special about the August 19 super blue moon. It is exactly a combination of three elements . . . a full moon, a supermoon, and a blue moon at the same time. According to NASA, tonight’s combination is quite ‘irregular’...

To mitigate climate change's economic impact, we need to rethink our approach. First, let's talk about private debt. Imagine trying to swim with a heavy backpack. That’s what private debt does to our economy. It weighs us down. Reducing private debt levels frees up resources. People can invest in their future. They can spend on sustainable options. Next, consider renewable energy infrastructure. Think of it as planting a garden. You nurture it, and it grows....

from Lars Syll To be fair to academia, it has realized that the pure DSGE model is incapable of explaining observable phenomena so they have introduced numerous amendments, known, oddly, as “imperfections” in the model. Long-term nominal contracts, other labour market frictions, imperfection in credit markets, all these and more are prayed in aid and, either rigorously or more usually ad hoc, introduced into the model, generating lags that mean it can be represented as fitting the data....

[embedded content] Carlos Pinkusfeld interviews Ramaa Vausdevan (Colorado State University) and Franklin Serrano (Federal University of Rio de Janeiro) to discuss the complex challenges of monetary policy in the international arena. Exploring issues such as financial globalization, the influence of large economies on the global monetary system, and the implications for developing countries, the experts offer important perspectives on the role of central banks and the effectiveness of...

The existential crisis of our time is global warming. The planet is already in deep trouble, with polar ice melting, permafrost thawing, sea level rising, increased desertification and more violent storms. The hour is late.“The quest for net zero needs to be fought on many fronts. You have your vanguard offense: simply reducing the carbon footprint of the things we already do. Then there’s the field medics: tactics like planting more trees and...

AB: That the US is still playing around with costly old technology and pollutes the environment is unbelievable. In the end, it will come back and haunt the later generations as energy and resources become more expensive. Ford Motor Co. is ramping up production of its F-Series Super Duty pickups with a $3 billion investment to keep up with the explosive demand for the trucks. The Detroit automaker plans put around $2.3 billion of that...

The Chronic Challenges of Poverty – Public Health Post Having empty pockets can impact long-term health. Poverty has been linked to obesity, cardiovascular disease, and diabetes, among other chronic conditions. The symptoms of chronic diseases are caused by inflammation, part of the body’s immune response. Obesity, stress, autoimmune disorders, and other chronic diseases involve a constant state of inflammation, often causing fatigue, joint or...