[unable to retrieve full-text content]Economist reports on what countries are less costly when driving EVs. If you go to the Economist site, you can find more countries by hovering over each colored circle. And is it always greener? Our ranking shows how costs and emissions vary. OWNERS OF ELECTRIC vehicles (EVs) have a lot to brag about. Their cars are […] The post Where is it actually cheaper to drive an electric car? appeared first on Angry Bear.

[unable to retrieve full-text content]While no plans have been announced by Donald Trump or Linda McMahon, a few existing programs are likely to undergo changes. What Will Federal Student Loan Repayment Look Like Under the Second Trump Administration? – By Steven Chung on November 27, 2024 at 12:16 PM Above the Law With President-Elect Trump returning to the White House in […] The post Federal Student Loan Repayment Under the Second Trump Administration appeared first...

[unable to retrieve full-text content] – by New Deal democrat Let me start to update this week’s data with jobless claims. Initial claims fell another -2,000 to 213,000, the lowest since last May. The four-week moving average declined -1,250 to 217,000, also a six-month low. With the usual one-week lag, continuing claims rose 9,000 to 1.907 million: As with one […] The post Jobless claims continue to signal moderate expansion appeared first on Angry Bear.

Debunking the barter myth .[embedded content] Even in the most advanced industrial economies, if we strip exchange down to its barest essentials and peel off the obscuring layer of money, we find that trade between individuals and nations largely boils down to barter. Paul Samuelson You will find similar nonsense stories told in almost all mainstream textbooks today. And the truth, as so often when it comes to economics fairytales, is quite another: No...

This week we recap 2024 and all the events in the economy. Also we will take a trip down memory lane on the livestreams progress over that last couple years. Links https://businessfilmbooth.com/ https://www.patreon.com/c/relearningeconomics https://www.patreon.com/c/ProfSteveKeen/home

Plug for Randy Wray's popular-access book on basic MMT.Lars P. Syll’s BlogMoney for beginnersLars P. Syll | Professor, Malmo University

[unable to retrieve full-text content]Michael Hudson critiques the feasibility of Western economic strategies in war, emphasizing that without invasion and military occupation, victory is unattainable. He highlights the impracticality of modern democracies engaging in large-scale warfare due to public resistance to military drafts and social spending cuts. Western sanctions and resource mismanagement, he argues, strain domestic economies, while BRICS nations, particularly China, display...

[unable to retrieve full-text content]There is an approach to cognitive psychology and modelling beliefs and forecasts which is natural for economists and very misleading. The assumptions are that we have a complete set of subjective probabilities updated with Bayes’ formula, that  for any possible combination of events we have a belief about the probability that they will occur and […] The post A Complete Set of Subjective Probabilities, Bayes’ Formula, Overconfidence...

The ´natural rate of unemployment´, also called ´Non-Accelerating Inflation Rate of Unemployment´ (NAIRU) or ´Non-Accelerating Wage Rate of Unemployment´ (NAWRU), is as, on this blog, Lars Syll states (here and here), a dangerous tool. According to NAIRU/NAWRU theory, a) When unemployment falls below a certain threshold, an inexorable increase in inflation will start. This is simply not true, considering the facts. b) As NAIRU/NAWRU theory is untrue, it can´t be measured by...

[unable to retrieve full-text content]Today, I chose to put up a few stories about Thanksgiving Days in the past. This instead of the usual commentaries we would write at Angry Bear. I believe they are good reads. I hope you enjoy your Thanksgiving Day. There is much to enjoy with family and friends. I spent time out of country […] The post Angry Bear Commenters and Readers appeared first on Angry Bear.