Unveiling the Banking Sector's Secrets

I am offering up something different to Angry Bear readers. The offer is a chance to listen to an article on Radio Atlantic. Or you can read the article: “Read This Before You Buy That Sweater,” The Atlantic, by Hanna Rosin Or at least read the tag. An introduction: “We’re in the coldest season. We’re in the shopping season. We’re in the season of hygge. All the cues point to buying yourself a new cozy sweater. Don’t do it, until you...

Brad DeLong asked me if I had an explanation of how the US economy managed to land softly. He is confident that it is softly landing. This encourages me to actually try to do my job for once and act as a macroeconomist, and also to return to blogging here some. In the spirit of challenging reopening, I will indulge myself by skimping on links, simply asserting things which I could and should back up with a bit of Google. The basic story is that...

American Socialism Explained

More economic news an d this time new single family housing. Completing the housing market picture for November, sales decline bigly, and prices remain down YoY   – by New Deal democrat Our final important pre-year end release was also the final item of housing data for the month, new home sales. To reiterate, the value of this metric is that it is the most leading of all housing metrics. Its big drawback is that it is very noisy and...

December 21, 2023, Letters from an American, Prof. Heather Cox Richardson The Washington Post editorial board today wrote that “the battle for democracy will be fought—and won” by “explaining to the world why freedom matters to everyone, every day.” So, on an evening when our power has finally been restored, but too late for me to do a deep dive on anything, let’s see what that might look like from today’s news:  For years now, the U.S. right...

The Impact of Government Deficits

Soon the angels will land .[embedded content] Forget devilry and malice Forget everything I’ve done out of spite I love you so deeply … Soon the angels will land Soon the morning is ablaze Do I dare say that we have each other Do you dare lay your cheek in my hand

Revolutionary Economics: Integrating Use and Exchange Value

How to become a Keynesian Until [2008], when the banking industry came crashing down and depression loomed for the first time in my lifetime, I had never thought to read The General Theory of Employment, Interest, and Money, despite my interest in economics … I had heard that it was a very difficult book and that the book had been refuted by Milton Friedman, though he admired Keynes’s earlier work on monetarism. I would not have been surprised by, or...