November jobs report: signs of considerable strength, but warning signs of considerable weakness as well  – by New Deal democrat Yesterday I wrote that “In tomorrow’s jobs report, my focus will be on whether the data is most consistent with a “soft landing,” i.e., no further deterioration, or whether deceleration has been continuing;” and more specifically:  .My expectation, based on real consumer spending, is that there is likely to be...

Apokalypsens fyra ryttare är här – för att dra ned brallorna på de neoklassiska ekonomerna. I det tysta pågår en revolution inom det ekonomiska fältet, och längst fram på barrikaderna står en grupp kvinnliga forskare. Det kan vara svårt att känna hopp när både höstens och den reaktionära samtidens mörker lägger sig över oss. Därför vill jag lyfta något som ger mig politiskt d-vitamin. Det handlar om en pågående ekonomisk-politisk revolution, som leds av fyra stencoola...

Krugman to Lietaer: “Never touch the money​ system” [embedded content]Bernard Lietaer (1942-2019) was a former professor of international finance and president at the Central Bank of Belgium. One of our greatest monetary thinkers, and contrary to Krugman et consortes,  he dared to talk about — and question — our monetary system!

I do not believe this (below) to be long. Then I am not the one who may choose to read it. Lawsuit by Pierce County against various drug distributors and manufacturers, In this instance, I am going to guess they are talking about Opioid pills such as Purdue’s Oxycontin. Do not confuse this with the Jick and Porter letter (which I will follow-up on) and the 2017 article A 1980 Letter on the Risk of Opioid Addiction | NEJM. I am interested in the...

Reading way too many comments about not voting or not voting for Biden. We backed away from Clinton in 2016 and we got a morally defunct almost a fascist or maybe a want-a-be as the president. In 2020, Biden was not my first choice either. I had seen too many times the impact of his programs coming out of the Senate. However, he did carry us through a pandemic with various positive economic programs. He was the right man for the job and the issues....

Episode 7 in our new Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 7 is now availableBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Don’t cave in to FOMO!

We will be talking about Chinese economics on the livestream with a leading global expert Yan Liang. Professor Yan Liang specializes in Post Keynesian-Institutionalist approach to international trade and finance, financial macroeconomics and economic development (with a regional focus on China). She has published articles in International Journal of Political Economy, Journal of Economic Issues, The Chinese Economy, and China & the World Economy. Professor Liang’s teaching...

from Asad Zaman and WEA Pedagogy Bog I recently gave a talk to students of Modern Money and Economics of Sustainability at Torrens University. The video of the talk is here. I have also written up some notes about this talk which clarify some points only sketched briefly in the talk, and provide links to more detailed discussions.  The following writeup provides some details and background missing from the talk, and also links to related materials: The transition from a traditional...

Initial claims continue to forecast expansion; further slight deceleration in employment, unemployment, and wages most likely tomorrow  – by New Deal democrat This morning we had our last look at initial jobless claims before tomorrow’s November jobs report. On a weekly basis, claims rose 1,000 to 221,000. The four week average rose 500 to 220,750. With a one week delay, continuing cliams declined 64,000 from last week’s 2 year high to 1.861...