[embedded content] First part of my interview with Diego Polanco on the Argentine election, and the never ending crisis of the economy. Second part in a couple of weeks.

As Taken from Letters from an American: Yesterday, David Roberts of the energy and politics newsletter Volts noted a Washington Post article illustrated how right-wing extremism is accomplishing its goal of destroying faith in democracy. Examining how “in a swing Wisconsin county, everyone is tired of politics,” the article revealed how right-wing extremism has sucked up so much media oxygen that people have tuned out, making them unaware that...

from Peter Radford To ignore power is to ignore reality. How can you construct a theory of economic activity that excludes the power embedded in relationships between the various actors on the stage you are directing?  More to the point why would you?  To ignore power is to ignore reality. I think, perhaps we need to reverse those two questions.  You see, power matters even in the construction of economic theories. The reason you ignore power is because the powerful want you to. It’s that...

Industry has been talking about AI (Artificial Intelligence) for a while now. And of course, industry has been looking to reduce the amount of labor input with AI. Having used computerized systems such as MRPII, ERP, etc., I have always followed the wisdom of people such as Oliver Wight and George Plossl. The system is as accurate as the input to it. Which means, you have to check your work. A system can also be used to intentionally mislead in its...

Why has residential building construction remained so strong, despite the recessionary-level decline in permits and starts?  – by New Deal democrat As an initial note, there is no economic news today. For obvious reasons there won’t be on Thursday or Friday either. So, don’t be surprised if I take a couple of days off as well. In the meantime, I’ve been continuing to ponder why housing under construction remains close to its all-time, 50+...

Low viewership. No growth. I don’t see the point anymore. 

The biggest lie ever told.

I am late on the draw for this information on Medicare. Been busy with other issues. Had dinner last night at VA’ Bene, a restaurant in Chandler which is not too far from us. An older couple joined us afterwards as we were sipping some Chianti. The heat finally got to this couple and they are moving back to Oregon after living here for twenty years. Medicare Part D in 2024: A First Look at Prescription Drug Plan Availability, Premiums, and Cost...

Javier Milei will be Argentina’s next president. Milei is an extreme right-wing populist, with authoritarian, some may say Fascistic, tendencies. He is an admirer of Trump and Bolsonaro. He is rumored to talk with his deceased dog, that he had cloned. His party’s proposals range from the dangerous – like dollarization, the closing of the Central Bank, the drastic reduction of social spending, the loosening gun ownership laws, and the criminalization of abortions – to the insane – like...

Two days ago in a comment, Yoshinori Shiozawa offered the following suggestion. I have proposed to create a forum in which heterodox economists can inform each other and discuss the future directions of heterodox economics. The simplest and easiest [way] to start is to organize a series of book reviews (or paper reviews if necessary) in this RWER Blog. If the editors of this blog offer a space (a post for reviewing a book or a paper) once a month, or each two months, for example, it will...