The DHHS report (Michigan) found age, gender and other factors contributed to differing PFAS blood levels Kyle Davidson @ Michigan Advance Angry Bear: Shortly before we left Michigan for other digs. the pollution of water ways due to PFAS was coming more to light where we lived in Livingston County as well as other parts of Michigan. There was an advisory not to eat the fish out of some lakes. PFAS (Per- and polyfluoroalkyl substances) are a...

Banks, Ponzi Schemes, and Bubbles

The wealth of people and the wealth of nations Originally Published at Wealth Economics If you read this blog much, you’ll find many careful definitions of terms — something that the economics profession is terrible at. A blog called Wealth Economics really has to start at the top, with wealth. So here it is. “The only real, true wealth is…” You hear that sentence a lot — from economists, pundits, and all sorts of everyday people. It has...

Blog Flights, farmers and food Our government’s greed for ever more air travel could come back to bite them By Alex Chapman 20 March 2024 A wave of farmers’ protests has swept across Europe in recent months. Tractors blocked high streets and...

“Over one million people in Gaza are starving,” proclaims a dramatic headline in the Wall Street Journal. Citing a new report from the International Food Security Phase Classification (IPC), a partnership of 15 international agencies and non-government organisations, the Journal goes on to say: More than a million people in the Gaza Strip, around half of the enclave’s population, are experiencing famine-like conditions, according to new estimates by food-insecurity experts who found evidence...

My post-Budget article for the Radix thinktank considers the future of the State Pension in the light of the Chancellor's changes to National Insurance. The headline news in the Budget was a 2p cut in the main rate of National Insurance contributions for employed and self-employed people. This was the second such cut, the first being in the Autumn statement. And the Chancellor expressed an intention to go much further. He trailed the idea of abolishing personal National Insurance...

Top 25 Heterodox Economics Books Karl Marx, Das Kapital (1867) Thorstein Veblen, The Theory of the Leisure Class (1899) Joseph Schumpeter, The Theory of Economic Development (1911) Nikolai Kondratiev, The Major Economic Cycles (1925) Gunnar Myrdal, The Political Element in the Development of Economic Theory (1930) John Maynard Keynes, The General Theory (1936) Karl Polanyi, The Great Transformation (1944) Paul Sweezy, Theory of Capitalist Development...

The Secret Connection: Income, Prices

 – by New Deal democrat The Bonddad Blog Yesterday I wrote of how Fed rate hikes had not translated into a decline in the amount of housing under construction, and without that I did not see how a recession could occur. And in reaction to January’s housing construction report I concluded, “To signify a likely recession, units under construction would have to decline at least -10%, and needless to say, we’re not there. With permits having...

A repost of a Bruce Webb take on Social Security and what happens if the Trust Funds go to zero. This is from 2015 and as you know, not much has been done. In one respect, maybe nothing should be done as long as it does not become a major crisis. By that I mean, we should be sure our actions are not over-zealous in solution. Do enough to stabilize it for the future as Dale Coberly and Bruce Webb proposed with the Northwest Plan. The timely is now...