Today, I discuss a recent paper from the Bank of Japan’s Research and Studies series that focused on how much attention central banks around the world give to climate change and sustainability and how they interpret those challenges within their policy frameworks. The interesting result is that when there is an explicit mandate given to the central bank to consider these issues, the policy responses are framed quite differently and are oriented towards solutions, whereas otherwise, the...

Socialist and coomunist parties have formed various internationals over the course of centuries. I consider a declaration of the Socialist International, adopted at its First Congress held in Frankfort-on-Main on 30 June-3 July 1951 an authoritative statement of "The Aims and Tasks of Democratic Socialism". This declaration was re-affirmed in 1962. The declaration starts as follows: 1. From the nineteenth century onwards, capitalism has developed immense productive forces. It has done so...

If the throughput of product remains the same or increases, why wouldn’t a 4-day labor week be allowed? If more output is required, another shift can be started on the fifth day. Tom Walker has discussed such utilization of production labor to gain greater productivity. There is no loss of money to the company. Labor is happier with a system allowing more free time off. “Four Days a Week: This Labor Day, Let’s Talk About Laboring Less,”...

Real aggregate payrolls rise to new high as CPI ex-shelter continues somnolent  – by New Deal democrat With few exceptions, the November CPI report once again demonstrated how important fictitious shelter is to its calculation, as well as how important the inflection point of $5 gas in June 2022 has been. Headline inflation rose only 0.1% in November, and is up 3.1% YoY. Core inflation less food and energy increased 0.3%, and is up 4.0%...

The issue of student loans and the debt after graduation no only plagues doctors, etc., it is common case amongst all students. Indeed with the shortage of Primary Care Physicians, one plan might be to lower costs for people enrolling in this discipline. Otherwise, lowering costs or maybe forgiving loans after a number of years could alleviate debt and attract more candidates to medicine disciplines. Would You Take Out a $200k Loan with No Real...

Understanding Financial Crises

How to play the certain zombie reaction. 

Topics pulled from my In-Box which I have no time to write about. Thinking, they still may be of interest to readers who visit Angry Bear. Please be topical. Healthcare Some Reasons to Get Off the Fence About COVID Booster, medscape.com, Debby Waldman. Researchers found that getting vaccinated led to a 69% reduction in long-COVID risk among adults who received three vaccines before being infected. Doctor ‘Wage Theft’ Is Not Without...

Battle for Recognition: Economic Historians

Revolutionizing Economics: Breaking Free