I got my first COVID shot in August 2020 as part of the Moderna Phase III trial. Since then, I’ve had four additional jabs. Today, I’ll get another booster with the latest Moderna vaccine. I’m looking forward to it. I did contract COVID last November during a trip to Colorado. I tested positive for a few days and had mild symptoms, but completely recovered. The vaccine doesn’t prevent you from getting infected, it keeps you out of the ED and the...

ROKE continues to improve it's ranking (based on the Clarivate Impact Factor measure) among heterodox journals. An old discussion about that here. You can see how much we went up since the last time I posted about this here and here.

The International Foundation of Employee Benefit Plans found employers are projecting a 7 percent hike for health care costs in 2024. Aon projected the average costs for U.S. employers paying for their employees’ health care could increase 8.5 percent to more than $15,000 per employee in 2024. Voters remember the pain, not the gain by Merrill Goozner GoozNews Here’s another problem for President Biden’s reelection team. In in policy arena...

Been writing on SCOTUS for a bit as they seem to be roguish in their approach and to the right favoring monied interests. This is humorous and Kathryn caused me laugh with her take on Amy Coney Barrett questioning Clarence Thomas’s dabbling in historical facts backing up attorneys and a court’s finding. From the reading of Kathryn’s take on this, Justice Barrett may take on Clarence. This is something I would like to read if it was in public....

Expect to see at least one percent reduction in GDP growth going forward and possibly no growth at all. 

Paul (I'm next to him) and the Brazilians at the UMKC, PK Conference in 2002Paul has passed away a few days ago. He wasn't in good shape for a while, and this was expected. He lived a long and productive life. I wasn't personally close to him, even though I met him several times from the mid-1990s onward. He went to two conferences I co-organized at the Federal University in Rio, always with Louise, which was a central figure of Post Keynesian (PK) life, and basically run the Journal of Post...

New Deal democrat at The Bonddad Blog takes a vacation day. On the road again . . .   Fortunately, there’s no significant economic news today, so a perfect day to play hooky. See you tomorrow. Tags: tomorrow

Overview Paul Davidson took Keynes' General Theory of Employment Interest and Money seriously. The interpretation in mainstream textboooks misses important points. Keynes' book was about theory, not primarily about (short-run?) fiscal or monetary policy. Keynes does not explain persistent unemployment from imperfections or sticky or rigid money wages or prices. A general theory is one that has less axioms than the special case treated by, say, Marshall. Davidson identified, specifically,...

“But then, in 2022“, the Justice Clarence Thomas-authored Bruen decision suggested all gun regulations had to line up with the understanding of firearms the founders had when they wrote the Constitution. “ It seems to me that if Bruen is taken very literally, it implies that the 2nd amendment only applies to muzzle loading firearms: muskets, rifles, and pistols. The founders did not imagine AR15s. How could they have regulated (or forbid...

AB: I am not sure how Republicans will sugar coat Trump’s economic plans for 2025. June 23, 2024 Prof. Heather Cox Richardson Letters from an American On Thursday, Moody’s Analytics, which evaluates risk, performance, and financial modeling, compared the economic promises of President Joe Biden and presumptive Republican nominee Donald Trump. Authors Mark Zandi, Brendan LaCerda, and Justin Begley concluded that while a second Biden...