[unable to retrieve full-text content]Excellent recital on Russia by “Infidel at Infidel753“ Very often, those who understand an empire best are those who are subjugated by its power, or until recently were so.  A slave has a strong incentive to know the master’s whims and cruelties and strengths and weaknesses; he may well suffer greatly if he misjudges those […] The post Putin’s empire imploding appeared first on Angry Bear.

[unable to retrieve full-text content] – by New Deal democrat No economic news again today. Tomorrow we will get the CPI report for November. As to which, I have read a few posts in which the claim is made that inflation, especially core inflation, is picking up again. It certainly could happen, but in my opinion the evidence for such a […] The post The case for accelerating inflation is weak appeared first on Angry Bear.

[unable to retrieve full-text content]I’m old enough to remember Russia as the mother country to the Soviet Union. While the USSR was never a world-class economic power, it did punch above its weight as a military power under Stalin and for a couple decades after. Russia under Putin has been described as a gas station with an Army. Its […] The post Russia is not a global power appeared first on Angry Bear.

[unable to retrieve full-text content]The Big 3 PBMs are Countersuing the FTC. Does Their Argument Have Any Teeth? MedCity News After the FTC filed a lawsuit in September, accusing the three major pharmacy benefit managers of anticompetitive rebating practices related to insulin, the defendants reversed roles and became plaintiffs. In November, they countersued the agency, arguing that its lawsuit […] The post PBMs Countersue FTC appeared first on Angry Bear.

[unable to retrieve full-text content]The Trump-Muskrat plot to kill Social Security, Robert Reich Sorry to intrude on your inbox for a second time today, but Elon Musk has revealed the truth about what he plans to do with his so-called Department of Government Efficiency (DOGE): Gut Social Security and Medicare. Musk retweeted a series of posts by Utah’s Republican […] The post The Trump-Muskrat plot to kill Social Security appeared first on Angry Bear.

[unable to retrieve full-text content]10 programs that could be on the ‘government efficiency’ chopping block, Washington Post The programs without separate spending authorization that Ramaswamy would do away with represent more than $516 billion, according to the Congressional Budget Office. The 10 largest make up $380 billion. Here’s a look at what some of those programs do (click on […] The post The Government Efficiency Chopping Block appeared first on Angry Bear.

Årets ‘Nobelpris’ i ekonomi — gammal skåpmat! Bo Rothstein, seniorforskare i statsvetenskap vid Göteborgs universitet, har två invändningar mot att Kungl. Vetenskapsakademien delar ut 2024 års ekonomipris till den amerikanska forskartrion Daron Acemoglu, Simon Johnson och James A. Robinson.  – Jag kan inte se att de har kommit med någonting teoretiskt nytt. Denna idé om institutionernas betydelse fick ju Douglass North ekonomipriset för redan för 31 år...

Bank regulations force unnecessary losses.

[unable to retrieve full-text content] – by New Deal democrat Most of the commentary about Friday’s jobs report for November was positive. By contrast, my summary – in which I averaged the two last reports to take into account the hurricane whipsaw – was much more cautious, as were the takes by a few other commentators I respect, like Ernie Tedeschi. […] The post Yellow flags from the November jobs report appeared first on Angry Bear.

The following is a list of publications I expect to see in the first volume of Sraffa's collected works: Monetary inflation in Italy during and after the war (This is Sraffa's dissertation). The current situation of Italian banks. Manchester Guardian. 1922. The bank crises in Italy. Economic Journal. 1922. On the relations between cost and quantity produced. Annali di economia 1925. (I think an English translation is in the Cambridge Journal of Economics.) The laws of returns under...