Unemployment and Credit: A Surprising Connection

Attacks on Red Sea shipping, and its tie to US energy consumption  – by New Deal democrat The drought in economic data continues today. So let me continue on the issue of energy, tying into yesterday’s note on hybrid and electric vehicles. Here’s an eye-opening graph from JP Morgan via Carl Quintanilla’s social media feed, showing an 80% decline in shipping through the Suez Canal following Houthi attacks on commercial vessels at the entrance...

My new book, The Machine Age, was published by Allen Lane on the 2nd November 2023. It’s available to buy on Amazon. Launch events were held at the Royal Society of Arts on the 6th November 2023 and UnHerd Club on the 28th November 2023. Links to the videos of each launch event are below: Royal Society of Arts: https://www.youtube.com/watch?v=JX1m1RNmjd8 UnHerd Club: https://www.youtube.com/watch?v=p3XM1WB88Ls The following is a 23 page summary of the book: Preface This...

Revealing Economic Crisis Warning Signs

from Clive L. Spash and Clíodhna Ryan and RWER issue 106 The aim of an economy should not be to grow so that a welfare State can be funded to ameliorate the social, health and ecological impacts of growth, but rather to engage directly in social provisioning that avoids exploitation and deliberate harm. Long ago, Kapp (1970) emphasised the social ecological imperative for reorienting economics towards policies addressing needs, the requirements of human life and social minima. This...

Kind of hard to keep track of this these days. In 1968, I left for the Corps, Boot Camp and then over to Fort Monmouth to be trained as a Crypto Tech. I was sent back to California and the to Camp LeJeune, North Carolina. Back and forth out of Cuba. Times are changing; but not fast enough for people who have been subjugated to a lifetime of discrimination. Can’t be many of those left who marched in this Memphis strike and then experienced the...

How mainstream economics treats us all as criminals For most mainstream economists a model is just a model and there are many models. Norms only enter into the picture in terms of clearly stated and testable components of models and models provide a means to explore the scope of theory. In principle, policy advocacy is supported by model findings and as such mainstream economists tend to start from the position that their work has the rigour and clarity of...

This is a 100% Copy and Paste from Slate’s Jurisprudence Column which specializes in the Law and what is occurring in the courts. An importance piece today, being taken up by a SCOTUS intent on deconstructing what has been in place for decades rather than ruling on what is wrong with an agency decision. The outcome of which may disable Congressional designated departments from making decisions as determined by Congressional Acts. The court is...

Follow-up to “Why is Boeing such a shitty corporation?” Angry Bear, by Robert Reich Assebly Issue – Boeing 737 Max Plug Bolts not specifications. No defective parts, just defective assembly. As I said to Ron . . . “The same with cars. For example, Testing on vehicles such as smashing into a wall (commonly seen on TV) shoulda, woulda, etc. been done. Cabin pressurization? I would think testing was done on this item installed too? Is there a...

A discussion: EV sales have been stalling, while hybrids are flying off dealer lots  – by New Deal democrat In addition to housing, the other big area where supply shock inflation has not completely resolved is vehicles. Basically almost the entirety of 2020 production was lost, leading to roughly a 10 million vehicle shortfall in the amount necessary to replace old vehicles. As the below graph shows, while new vehicles cost no more in “real”...