Scottish-born economist – Angus Deaton – recently published his new book – An Immigrant Economist Explores the Land of Inequality – in which he provides a swathing critique of the state of the economics profession, particularly in the way that it impacts on policy making and societal well-being. He is a microeconomist who made a name for himself studying consumer demand, which means he has not contributed anything significant to the field of macroeconomics, where I hang out. The title refers...

Why Socialism Fails.

This is an excellent review of what has helped the economy stay stable during the pandemic and some of the issues mostly centered around demand and supply chain. Spend a few minutes here and read NDd’s reasoning. A further examination of the state of the economic tailwind  – by New Deal democrat With no big economic news today, I thought I would pick up where I left off Friday, when I identified three major reasons for the economic tailwind...

Heard the same issue when I was in college after high school and trying to decide what I wanted to do. Pretty much Uncle Sam had plans for me when I decided I was not ready for college. I decided what I was going to do and foiled Uncle Sam’s choice for me. In relation to the value teacher’s provide to the students taught in poorer or lesser environments as compared to private or suburban supported schools, their pay should be commensurate to the...

Με μεγάλη λύπη έμαθα για τον πρόσφατο ξαφνικό θάνατο του Aleksandr Buzgalin. Μόλις πριν από λίγες εβδομάδες συζητούσε ζωηρά για τη Μαρξιστική Πολιτική Οικονομία στο πρόσφατο φόρουμ της Παγκόσμιας Ένωσης Πολιτικής Οικονομίας και σχεδίαζε δυναμικά τη μελλοντική πορεία. Ζεστός και εξαιρετικά ευγενικός και ταυτόχρονα πνευματώδης και αταλάντευτος στις απόψεις του, ο Aleksandr είχε μια εμπνευσμένη παρουσία σε όλα τα διεθνή φόρουμ που τον έχω συναντήσει. Ο θάνατός του είναι μια μεγάλη...

Blog Lets’s talk up the benefits of taxing carbon Brits support the principle that polluters must pay, but we need to to see the benefits of carbon taxes too By Chaitanya Kumar 23 October 2023 Tax is a simple and effective way of reducing the...

Who is willing to die for diesel ? There is an extreme crisis in the Gaza strip and at the Rafah crossing from the Gaza strip to Egypt. *Finally* Israel is allowing food, bottled water, and medical supplies to enter the Gaza strip. However, they refuse to allow fuel in (claiming they are worried that Hamas will seize it). This is a crisis as Hospitals are running on backup generators and about to run out of fuel. Yesterday The UN Relief and Works...

LOL sharp stick in the eye to the gold people! Would you rather have a free one-ounce gold coin, or $20 bucks? ??‍♂️ pic.twitter.com/efvWzv54fz— Mark Dice (@MarkDice) October 19, 2023

Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like this:Like Loading...

Weekly Indicators for October 16 – 20 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. Obviously, the big story of the week was the surge in interest rates. The 10 year Treasury yield closed above 5% for the first time since 2007, and mortgage rates went above 8% for the first time since 2000! Hard to see how the economy can withstand that for very long (if it persists!). But meanwhile the...