This month, we speak with Larry Johnson, associate professor in the Social Foundations of Education Program at the University of South Florida, Saint Petersburg. In his pedagogy, Johnson focuses on the complex relationship between education, culture, and society with the goal of exploring policies and practices from historical and contemporary perspectives that address structural inequality, and transforming educational institutions into sites for social justice. Johnson is notably a...

Artist SpotlightEpisode One image: "If the taxpayers fund the government spending and they get the money from businesses who get it from the taxpayers when they buy things, then were do the taxpayers get it from?Episode OneThe Centre of Full Employment and Equity’s MMTed project has recently launched a new manga comic book series entitled “The Smith Family and their Adventures with Money”. A collaboration between Modern Monetary Theory (MMT) pioneer and Economics Professor William Mitchell...

One of the founding concepts of Modern Monetary Theory is sectoral balances. And its power lies in its simplicity. Every economy can be broken down into three sectors: The government sector, the private sector (which includes me and you) and the foreign sector. Assuming a balanced budget, then government spending increases our net-wealth. A government deficit is our surplus.The National (Scotland)Scotonomics: Why the UK Government's fiscal deficit is our surplus

Remember, everyone was selling last week.

The new month of data begins: residential construction positive, job openings negative, and manufacturing mixed  – by New Deal democrat As usual, the monthly data started out with reports on the two most important production sectors of the economy, namely manufacturing (for October) and construction (for September). Additionally, the JOLTS jobs survey for September was released. I am going to do more detailed reports on both JOLTS and...

  “When I discovered that the economic order produced social disorder, they took away my scholarship.”New working paper by Tom Palley. From the abstract:This paper introduces the notion of monetary disorder. The underlying theory rests on a twin circuits view of the macro economy. The idea of monetary disorder has relevance for understanding the experience and consequences of the recent decade-long period of monetized large budget deficits and ultra-easy monetary policy. Current policy rests...

Dr. Linwood Tauheed is a professor in Economics and the Director of the Center for Economic Information. Academic credentials: Ph.D., University of Missouri-Kansas City Research Interests: Institutional Economics, Economic Methodology, African American Political Economy, Community Economic Development, Analysis of Education, System Dynamics Modeling.

Emergency Physician and Pennsylvania state representative Arvind Venkat, MD has a detail story to tell about the impact of healthcare upon patients who can not afford the insurance, or are under insured, and opt to deny healthcare. And most can not afford the payments resulting from Medical Debt. This is a good plan and the Pennsylvania House of Representatives on a “bipartisan vote” supported it. Medical Debt Is Killing Our Patients | MedPage...

House resale price indexes confirm upturn in prices for existing homes, but do not negate combined price declines  – by New Deal democrat We got more price information about the very important housing market this morning. Through September, the median price of home resales as measured by Case Shiller increased 0.9% monthly. For the FHFA Index they rose 0.6%. Both measures are up about 46% since just before the pandemic hit (note: FRED hasn’t...

Been busy updating my computer when I ran into an issue. I had paid for the Geek Squad when we bought a new Sony TV for our new house in AZ. I took my lap top into them and they sorted through it all , fixed the issue, corrected some other issues I di not know I had, cleaned it up, and it cost me nothing. We used their help with the Sony also via phone. The lady on the other end told us how to fix it. So I am behind. But back up and running....