Jobless claims: bar one week, the lowest number of layoffs in over half a century  – by New Deal democrat To reiterate my theme from last week, we’re back to the virtuous scenario where almost nobody is getting laid off. Initial jobless claims last week declined -16,000 to 187,000. Except for one week in September 2022, this is the lowest number in over 50 years (since 1969, to be more precise). The 4-week average declined -4,750 to 203,250,...

Unveiling the Dangerous Libertarian Utopia

The Trend of Aggregation Explained

from Richard Parker and RWER issue 106 “If economists could manage to get themselves thought of as humble, competentpeople on a level with dentists, that would be splendid.” — John Maynard Keynes I cite The Master because I don’t think economists, working within “economics” in its present form can really address the crisis of limits we’re facing—but I do think men and women who work as economists can.  But only if they behave like dentists.  Let me explain. To review the last few years’...

[unable to retrieve full-text content]HAIPHONG:Welcome, everyone. Welcome to the stream. It’s Danny Haiphong, your host. As you can see, I’m joined by the renowned economist and author, Professor Michael Hudson. You can find his website in the video description. Please do hit the like button as we begin. That helps boost this stream. And, of course, you can find Continue Reading The post Credit the Economic Planner first appeared on Michael Hudson.

[unable to retrieve full-text content]Michael Hudson: “US imperialism, Krugman, de-dollarization, socialism, Palestine, China.” India and Global Left, January 13, 2024, with Jyotishman Mudiar. “This is the problem China will face.” JM: Hello, and welcome to another episode of India and Global Left. Today, we have with us the economist Michael Hudson. Michael, welcome back to India and Global Left. Continue Reading The post Perfecting Imperialism first appeared on...

Who saved the US from a pandemic and delivered a good economy. The 2024 political cycle, a triumph of recycling. President Biden and former President Trump are preparing to star in a sequel most Americans do not care to see. That means that eyes will be on the vice-president, Kamala Harris, as well. Because Mr Biden is the oldest president ever, and would be 82 at his second inauguration, voters will scrutinize Ms. Harris with unusual care. The...

In 1980 I had a long argument with an unfortunate guy who didn’t just say “let’s agree to disagree” which sometimes works. He was arguing that the US should build B-1s, then the weapon of the future. I argued that the US should rely on Tomahawk missiles (launched from B-52s) which I asserted were the weapon of the future. It is now what was in 1980 the future and guess what weapon was used yesterday (hint it wasn’t a B-1 bomber). I love to say...

Fireworks, drone swarms, military history and the military future. Oh and China always China. This is a followup to The 101st Chairborn: History is a Prankster The key new point is drone *swarms* that is thousands of drones in coordinated flight. the point is that e even if a drone is slow so that the chance of shooting it down is 99.99%, the chance of shooting down all of 10,000 isn’t (0.9999)^10000 = 1/e because the drones draw fire from...

 Nice rant… Dems in big trouble….Best rant ever. ???“4 years ago my rent was $1,200 a month… it’s now $2,100!”“My car insurance from 4 years ago until now…has gone from $130 to $240 per month!”“My electric bill was averaging $45, now it's averaging $125!”pic.twitter.com/5Zo06zIqNp— I Meme Therefore I Am ?? (@ImMeme0) January 17, 2024