The Left's Taboo: Debt Cancellation

Noah Smith has a blog post arguing that AI won’t take away all the jobs from humans. It’s a clever and well-written post that deserves your attention.Here are some money grafs:“So as AI gets better and better, and gets used for more and more different tasks, the limited global supply of compute will eventually force us to make hard choices about where to allocate AI’s awesome power. We will have to decide where to apply our limited amount of AI, and...

Uncovering the Inflation-Money Value Link

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like Loading...

[unable to retrieve full-text content]RADHIKA DESAI: Hello and welcome to the 24th Geopolitical Economy Hour, the show that examines the fast-changing political and geopolitical economy of our time. I’m Radhika Desai. MICHAEL HUDSON: I’m Michael Hudson. RADHIKA DESAI: And working behind the scenes to bring you our show every fortnight are our host, Ben Norton; our videographer, Paul Graham; Continue Reading The post China: Local Flowers Bloom first appeared on Michael Hudson.

Elever på fristående gymnasieskolor får högre betyg utan högre faktiska kunskaper och får därför orättvist större möjligheter att studera vidare än elever på kommunala gymnasieskolor. I SVT:s Agenda diskuterades ikväll att det trots två decennier av rapporter om orättvisa betyg så fortsätter problemet år efter år. Ingenting händer och utbildningsminister Mats Persson (L) hade inget annat att komma med för att råda bot på rättsosäkra inflaterade betyg än att en utredning är...

Echte Frauen und AfD .[embedded content] Herr Krah ist offensichtlich ein Mann, der Pech hat, wenn er versucht zu denken …

Bank Reserves Lending Capacity Debunked

Employ America’s current corecast is for a 2.86% YoY core PCE print for February. The six-month growth rate of core PCE, which was under 2% in December, should now be over 3% in February. Core services ex-housing inflation will be up on a year-on-year basis versus the previous meeting. Many FOMC members, especially among the moderates in the committee (Daly, Mester, Powell, Waller) have expressed a willingness to look through a hot January...

Austrian economics — a methodological critique .[embedded content] This is a fair presentation and critique of Austrian methodology. But beware! In theoretical and methodological questions it is not always either-or. We have to be open-minded and pluralistic enough not to throw out the baby with the bath water — and fail to secure insights like this: What is the problem we wish to solve when we try to construct a rational economic order? … If we possess all...