[unable to retrieve full-text content]Three charts and some explanation on net interest payments on debt for 2024 and higher in 20525 and 2026. Much of this is due to the pandemic and Biden paying out funds in support of the constituency. The result is higher interest rates as the Fed attempts to stabilize the economy and gain control of […] The post The Impact of Debt Interest Payments appeared first on Angry Bear.

[unable to retrieve full-text content]Rust Belt cities reborn? – The one-handed economist Guest Post by Student Sara Pittsburgh and Detroit, known as Rust Belt cities because of their proximity to areas of heavy manufacturing, were two of the wealthiest American cities in the 20th century (Warda, 2016). Yet today, while one city is said to be a model for […] The post Rust Belt Cities reborn? appeared first on Angry Bear.

It’s finally March 2025, and I can hardly believe that a date I’ve had in the diary for such a long time has finally arrived. It means, at long last, I can call time on a 30-year contracting career and retire from full-time work….Congratulations on your retirement. Looking forward to your new focus on MMT research.New WaylandTime for a ChangeNeilW

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like Loading...

[unable to retrieve full-text content]The Dodd–Frank Wall Street Reform and Consumer Protection Act passage in 2010 was a legislative response to the financial crisis of 2007–08 and the subsequent Great Recession. The CFPB in creation was an independent bureau within the Federal Reserve. Its creation was meant to write and enforces rules for financial institutions, examine both bank and non-bank […] The post What Will Result from Not Having a CFPB appeared first on...

LOL … yo risk prices went DOWN you fcking idiots… it caused a sell off… forcibly adding non-risk to same system balance sheet causes risk prices to REDUCE… Here comes the flood: Treasury injects avalanche of cash into the economy ($170BN in 3 days, the most since covid) as debt ceilling extraordinary measures are exhausted; Should prop up risk pic.twitter.com/N3sDuQG70w— zerohedge (@zerohedge) March 2, 2025

[unable to retrieve full-text content]Candidate Donald Trump promised not to touch Social Security if elected. But President Musk made no such promise, and is already spouting the usual lies to justify cutting Social Security benefits and privatizing the program: “The billionaire argued Friday on “The Joe Rogan Experience” podcast that the United States government is “one big pyramid scheme” […] The post President Musk is coming for Social Security...

[unable to retrieve full-text content]When I was growing up, our vacations involved camping each night. With five kids, it was a way to maximize vacation travel while minimizing costs. We would often camp at national parks. And of course, having grown up in East Tennessee, I visited the Great Smoky Mountains National Park many times. Our national parks are […] The post National Parks RIP appeared first on Angry Bear.

[unable to retrieve full-text content]My associate at Angry Bear or as you may know him better as Prof. Joel Eissenberg has some thoughts on what happened with Trump and Vance. It may be legitimate and we shall see. “my (Joel) thought was that this encounter might have been staged rather than be authentic. Like “reality TV.” My thought was […] The post Some Angry Bear Thoughts plus Some History appeared first on Angry Bear.

[unable to retrieve full-text content]I grew up in Oak Ridge TN in the 1960s. It would have been hard to find any city in the world more pro-nuclear at that time*. Since then, nuclear power plant building went into decline in the US, partly because of concerns over safety. But any serious effort to decarbonize the world’s energy will […] The post A second nuclear era? appeared first on Angry Bear.