People flock to trump venues where he stiffs the municipalities and leaves unpaid invoices. And this is ok for his followers? Unpaid invoices could keep Trump rallies at smaller Arizona venues By Camaron Stevenson Copper Courier After the Harris-Walz presidential campaign’s stadium-filled rally in Glendale, Arizona, last week, Trump supporters in the state may wonder when they’ll see a similar event for their candidate. Problem is . ....

GOP’s attack on Americans’ retirement savings just went to the next disgusting level, Opinion, Alternet. “To protect older Americans’ life savings, President Biden pledged in October to crack down on financial advisers who recommend investments just because they pay higher commissions. Then the insurance industry got to work.” Explained: The Controversy Over Tim Walz’s Military Service, Snopes. The claim that Walz “abandoned” his...

[unable to retrieve full-text content]KARL FITZGERALD: Welcome, everyone. Welcome to another quarterly Patreon session with Michael Hudson, Professor Michael Hudson, author of over a dozen books, including his latest, The Temples of Enterprise. My name’s Karl Fitzgerald. I’ll be your host today. I’m an economist based in Australia that has changed three taxes, protecting communities from speculative overreach. Michael, Continue Reading The post The Way to Avoid Tearing...

Reinventing Economics with System Dynamics.

from Edward Fullbrook A few years ago, I wrote a novel that was published under a pen name and titled Two American Dreams; Which is yours?  Recently its publisher realized that, although set in the Sixties (mostly in Berkeley) this novel pertains to the coming US presidential election to a remarkable degree.  With that in mind, they submitted to Amazon a standard advertisement for the novel in both its paper and Kindle formats. Amazon says that such adverts are usually...

Anything we can actually do, we can afford Let us not submit to the vile doctrine of the nineteenth century that every enterprise must justify itself in pounds, shillings and pence of cash income … Why should we not add in every substantial city the dignity of an ancient university or a European capital … an ample theater, a concert hall, a dance hall, a gallery, cafes, and so forth. Assuredly we can afford this and so much more. Anything we can...

 – by New Deal democrat The effects of Hurricane Beryl had just enough of an effect on home building in July to cause me not to hoist a yellow recession caution flag in this important leading sector. While the hurricane had no significant effect on permits, it likely did have an effect on starts and on units under construction, as I’ll go into further below. Let’s start with the overall view. Starts (blue in the graph below), which are noisier...

Global warming will devastate economies. This isn’t just a catchy phrase. It’s a reality that’s being ignored. Many believe that economies are resilient. They think they can bounce back from anything. This is a comforting myth. The truth is, ignoring climate impacts is like ignoring a ticking time bomb. When it finally goes off, the damage will be catastrophic. Assuming no damage to capital, labor, or technology is absurd. It’s like saying a ship can...

by Lloyd Alter Carbon Upfront! The economist John Maynard Keynes purportedly said, “When the facts change, I change my mind. What do you do, sir?” I am considering changing my mind about 3D printed houses. I wrote eight years ago: “I am not a total skeptic about 3D-printed houses. I think there is a place for them—on the moon, for example.” The first commenter noted: “What a stupidly conservative view… the article is absolute garbage.”...

by David Zetland The one-handed economist Benefit-cost accounting (BCA) began with a simple comparison of monetary benefits and costs, e.g., should I invest $100 in exchange for a return of $10 per year. Then people wanted to compare more abstract values, such as the benefit of a vacation or sandwich or education against the costs of those goods. In those cases, the benefits are somewhat subjective — depending on the person, timing, etc. —...