The war in Gaza threatens to widen the gap between North and South. For many countries in the South, and not only in the Muslim world, the thousands of civilian deaths caused by Israeli bombardments in the Palestinian enclave, 20 years after the tens of thousands of deaths caused by the United States in Iraq, will doubtless embody the West’s double standards for a long time to come. All this is taking place against a backdrop in which the main alliance of so-called emerging...

Why Biden is in trouble about the economy  – by New Deal democrat  A big focus of political discourse in the past two weeks has been about why Biden seems to be polling so poorly against Trump, and in particular has not consolidated support among younger voters. Since the economy is always a very important component of voter intentions, unless there is a major superseding event like 9/11, economic performance has historically been a good...

November has been exceedingly strong for flows. This may carry the market through until mid December. 

THIS is better than an economics career...

[unable to retrieve full-text content]Transcript BEN NORTON: Why does the United States so strongly support Israel? In this video today, I’m going to be explaining the geopolitical and economic reasons why Israel is such an important part of U.S. foreign policy and Washington’s attempt to dominate not only the region of the Middle East, but really the entire world. Continue Reading The post Israel as a Landed Aircraft Carrier first appeared on Michael Hudson.

from Maria Alejandra Madi and RWEA pedagogy Blog 2021 marked the 50th anniversary of the “weekend that changed the world”, when US President Richard Nixon suspended the convertibility of the dollar into gold. From a monetary point of view, since then there has been continued dominance of the dollar as a vehicle for international transactions. However, Is the dollar as the world’s reserve currency under attack? The dollar’s dominance in global markets is still significant, with its role in...

Sedan några månader tillbaka är yours truly fast medarbetare på det partipolitiskt obundna, frihetliga och progressiva samhällsmagasinet Konkret. Mina artiklar finns att läsa här: https://magasinetkonkret.se/lars-syll/

The resurgence of economic orthodoxy is a great example of how declining schools of thought can maintain dominance in the narrative for extended periods of time if the vested interests are powerful enough. In the case of the economics profession, mainstream New Keynesian theory persists because it serves the interests of capital. Recently, the IMF urged the Australian government to engage in ‘fiscal consolidation’ in order to support further interest rate hikes by the RBA aimed at reducing...

Figure 1: Convergence of Newton Method This post steps through an algorithm for finding a fluke switch point. I used a different example when I tried to explain this before. Today, I use an example building on my draft ROPE Article. Consider Figure 3 in this post, repeated below as Figure 2. Let s1 = s2 = 1. I want to find s3, the markup in the corn industry, such that the wage curves for Gamma, Delta, Eta, and Theta intersect at a single switch point. One wants to find a function one of...

As taken from Civil Discourse. The attack on Pelosi’s husband. This is not major news until you get to the third paragraph. You then read about how the fat xxx is making light of the attack on Paul Pelosi with hammer. I can tell you what treatment prisoners might receive in person from levels 1 to 4. I would love to see trump in a level 4. Won’t happen. Possibility of a Level 2 with exposure to other prisoners. Watch how you name quickly fades....