– by New Deal democrat My “Weekly Indicators” post is up at Seeking Alpha. As per the analysis of monthly data that I wrote about this week, hurricane season continued to complicate the high frequency data as well. With that very big caveat, the underlying tone remained positive. As usual, clicking over and reading will bring you up to the virtual moment as to the economic situation, and reward me a little bit for reporting and organizing...

I’ve been to California a few times, for scientific meetings, for vacation and once for a friend’s wedding. I’ve had a good experience each time. It has always struck me as an expensive place to live, though, and I’m definitely not a beach person.Elon Musk is warning us that the nation will become “Californicated” if Harris is elected. Considering that California’s per capita GDP has grown faster than the nation’s per capita GDP since at least 2011,...

Kind of have to jump around on this one. Both commentaries by Kareem are good. I just happen to like the Nationalism one better. Christian Nationalism is Here & People Can Now Communicate in Dreams (Really!) Kareem Abdul-Jabbar US elections 2024, The Guardian SUMMARY: Kamala Harris’s economic policies proved far more popular than Donald Trump’s plans in a blind test of their proposals. Four of the top five most popular proposals were...

Housing is expensive here in East Providence. It’s even more expensive in Boston, an hour from here. Some folks live in Rhode Island and commute to Boston. When we were house-hunting in the Providence area in the Spring of ’22, the real estate market was white hot. We were out-bid on three offers. Making an inspection a condition was an automatic reject. In the event, the house we bought never even went on the market.Over at jabberwocking.com, Kevin...

– by Sara B. Heller and Max Kapustin Econofact, November 2022 Let me be clear on the topic before you read the article. The full text is: “In a research  paper with colleagues, we find that it is possible by using data such as arrest and victimization records that cities already collect, to accurately identify specific people at high risk of being shot without introducing the kinds of racial bias that are of most concern in algorithmic...

from Maria Alejandra and WEA Pedagogy Blog Setting the scene Economists and policymakers continue to dominate headlines with the conceptualization of “sustainability,” “sustainable investing,” and “sustainable finance,” along with their various worldwide geographical manifestations. The prevailing scenario, which is characterized by conflict, economic instability, and political disputes, is not favorable to incorporating sustainability into investment decisions. However, pressing...

Musk is arguably a genius, but not when it comes to sovereign money and government finance. 

Det bidde en tummetott — det nya finanspolitiska ramverket I Starta Pressarna  fortsätter debatten om det finanspolitiska ramverket och behovet av stora framtida investeringar i infrastruktur, bostäder, försvar och energiomställning. I det här avsnittet vädrar Daniel Suhonen, Enna Gerin  och Max Jerneck ett berättigat missnöje över den överenskommelse som regeringen i samförstånd med SD, C och  socialdemokraterna slutit om ett nytt finanspolitiskt...

– by New Deal democrat Much of the data that is being released, like yesterday’s jobless claims data, has to be viewed with an asterisk after it, because of hurricane disruptions. As an addendum to yesterday’s industrial production report, I failed to mention that the BEA that “the effects of two hurricanes subtracted an estimated 0.3 percent” from the total. Even with that increase, production would have been unchanged and manufacturing...

This is more for my commonplace book. The first two quotations are part of a symposium with Morishima and Samuelson: "This paper will suggest that the meaning of the relationship between values and prices described in Capital has been widely misunderstood. Commentators as eminent as Mrs. Robinson and Professor Samuelson have sought in the transformation discussion issues which Karl Marx never meant it to contain. Writers on 'the transformation problem' since L. Bortkiewicz have...