Touring again. Guest appearance​​ in Berlin. When there, yours truly always visits Walter-Benjamin-Platz (close to Kurfürstendamm, between Leibnizstraße and Wielandstraße). Interesting architecture and a couple of excellent restaurants and cafés. Regular blogging to be resumed next week.

The talk here. Recording is not the best, and the Power Point cannot be seen. It is available here for those interested. [embedded content]Paper is here. From the abstract:In the overlapping global emergencies of the pandemic, climate change and geopolitical confrontations, supply shocks have become frequent and inflation has returned. This raises the question how sector-specific shocks are related to overall price stability. This paper simulates price shocks in an input-output model to...

This index continues to reduce YoY… Biden Fed still very “hawkish!”…Today's CPI Data by Truflation. ?? 2.21% ?? 7.41% More: https://t.co/xclS0apCd0 pic.twitter.com/d0iS0kJNXL— Truflation (@truflation) October 18, 2023

It amazes me how far some people, errrrr politicians will extend themselves for opportunity, power, influence in Congress. Maybe I should not be calling them people? Maybe that is not amazing? Most of start off with their bad manners and aggressions, then do not have to live with and by their own decisions, and expect people to forgive and forget. They are definitely not like us. I wish the charade would end. Rep. Tom Cole Nominates Jim Jordan as...

Timeline of Harvard Backlash Over Student Israel-Hamas Statement, businessinsider.com UPenn Donor Revolt Over Israel-Hamas War Is Getting Worse, businessinsider.com Tags: 2023, colleges and universities

Mainstream economics — a methodological strait-jacket Jamie Morgan: To a member of the public it must seem weird that it is possible to state, as you do, such fundamental criticism of an entire field of study. The perplexing issue from a third party point of view is how do we reconcile good intention (or at least legitimate sense of self as a scholar), and power and influence in the world with error, failure and falsity in some primary sense; given that the...

Blog Labour’s promise to build 1.5 million homes can’t be just a numbers game We need to end the UK’s “blandemic” poorly designed housing. New towns must have high quality design at their core By David Pendlebury, Benedikt Stranak 19 October 2023...

Good summary.The NationalScotonomics: Moving past straw-man version of Modern Monetary TheoryScotonomics

Heading out to go camping in the desert for two days of R&R. Here’s a market update.

Like retail sales, motor vehicles lead the way in industrial production  – by New Deal democrat As with retail sales earlier this morning, motor vehicle production is playing an outsized role in expansion this year. Industrial production as a whole rose 0.3% in September. But August was revised down by -0.2%, so on net it increased only 0.1%. Similarly, manufacturing production rose 0.4%, but with a -0.3% revision to August, was also only up...