So what now we have Art Degree MMT Economics people teaching rudimentary Finance and Accounting Science 101 like this is some big revelation or something?  Big deal … ?assets___________BANK________liabilities+ reserves + bank depositsWhat happened? ?— Dirk Ehnts (@DEhnts) April 15, 2024

 – by New Deal democrat The Bonddad Blog As per usual, real retail sales is one of my favorite indicators, because it gives so much information about the consumer, and since consumption leads employment, it helps forecast the trend in the latter as well. And the news this morning was good, as nominally retail sales increased 0.7% in March, while February’s number was revised higher by 0.3% to 0.9%. After accounting for 0.4% inflation in...

Eurofanatiker försöker köra över folket igen Efter att ha misslyckats med att få in Sverige i euron på demokratisk väg försöker nu marknadsliberaler andra metoder. ”Jag ser inget behov av en ny folkomröstning om euron” säger Liberalernas ordförande Johan Pehrson … Syftet med demokrati är inte att folket alltid vet bäst. Det är att eliter alltid lider av grupptänk och hybris, och att någonting behövs för att hejda dem när de drar i väg med sina galna idéer....

from Junaid Jahangir and current issue of RWER [Ha-Joon] Chang’s latest book Edible Economics (2022) crystallizes the narrative that he has developed through his popular books over the years. . . . I have reviewed the salient ideas as follows in a bid to draw out lessons I could share with my ECON 101 students. . . . the main ideas of Ha-Joon Chang can be distilled in point form as follows. Neoclassical economics gives precedence to mathematics over real-world issues of inequality and...

I’m an investor, not a gambler, so I don’t own cryptocurrency, NFTs or shares in “Truth” Social. So the news that investors in DJT are being taken to the cleaners doesn’t faze me. “Shares of Trump Media plunged more than 15% on Monday after the company filed to issue millions of additional shares of stock.“Trump Media’s dramatic slide came as Donald Trump sat in a Manhattan courtroom for the start of his criminal trial on hush money-related charges....

Cracking the Zero Sum Game

OK, Tesla isn’t Bitcoin and it isn’t Trump’s Pravda Social, but: “Tesla announced to Gigafactory Texas employees that it will shorten Cybertruck production shift amid rumors that it is preparing a round of layoffs.“We received several reports today from Tesla employees hearing rumors of an important round of layoffs happening this week at the company.“Some of them are talking about layoffs as high as 20% of the workforce, which would mean tens of...

George Stephanopoulos asked New Hampshire governor Chris Sununu  by Prof. Heather Cox Richardson Letters from an American This Week, host George Stephanopoulos, “Just to sum up,” “You support [Trump] for president even if he’s convicted in [the] classified documents [case]. You support him for president even though you believe he contributed to an insurrection. You support him for president even though you believe he’s lying about the...

Understanding Ownership: Economic Expert Explains

Medicaid Renewals Of the people retaining Medicaid Coverage as of April 11, 2024 . . . Fifty-nine percent were renewed on an ex parte basis while 41% were renewed through a renewal form, though rates varied by state. Federal rules require states to first try to complete administrative (or “ex parte”) renewals by verifying ongoing eligibility through available data sources. Sources such as state wage databases. Doing this before they send a...