The former adviser to China's central bank laments policy was influenced by supply-siders and the Maastricht criteria.PekingologyYu Yongding calls on Beijing to stimulate growth via fiscal expansion, believes 6% growth achievable Yixiu Wei, Shangjun Yang, and Zichen Wang

were we being lied to? is deficit good?

This is the latest in a series of posts about drug assisted therapy (DAT) of opioid use disorder (OUD). I will repeat things which I wrote here and here. The bottom line, so far, is that there is strong evidence that drug assisted therapy ov OUD is effective and many extremely establishment experts complain that it is not more universally available. I think this is one issue which should be a political winner for Joe Biden. I read that...

I saw an article online yesterday that claimed that over 1% of Americans are using semaglutides for weight loss. Since these drugs suppress appetite, the article was about the possible impact on food retail. Since global warming promises to destroy a lot of arable land on the planet, as well as ocean fisheries, reducing food consumption by overweight people strikes me as an unalloyed good. Since obesity is a risk factor for cancer, heart disease,...

Marx distinguishes, at least, between market prices, prices of production, and labor values. For the first volume of Capital, Marx assumes market prices bob around or tend to labor values, not prices of production. I think Marx nowhere says he is assuming the organic composition of capital does not vary among industries. He adopts the labor theory of value in when considering capitalist production as a whole so as to address the question of how owners of capital are able to regularly obtain...

No that is not the real story here today. It does give a perspective on why so many too big, too fast, and too often vehicles are eating up limited supplies of gasoline and oil. However, what is being missed is we are not buying more oil for the Strategic Oil Reserve. Although, I am recalling our younger days when for Christmas the boys (meaning my brothers and I) would get “metal” Tonka pickup trucks and other versions of the same brand. Not a...

As reported by Crooks and Liars . . . Shirtless man with a holstered handgun, went to the Wisconsin governor’s office on the first floor of the Wisconsin state recently. State Department of Administration spokesperson Tatyana Warrick said, the man was demanding to see the governor who at that time was not in the building. The man was taken into custody for openly carrying a firearm in the Capitol, which is against Wisconsin law. Weapons can...

Very strong initial jobless claims probably the result of unresolved post-pandemic seasonality  –  by New Deal democrat It continues to be reasonably clear that there is some unresolved post-pandemic seasonality in initial jobless claims, which nose-dived last September and rebounded during October. So far the same pattern is evident this year. To wit, initial claims rose 1,000 last week to 207,000. The more important 4 week moving average...

New York Times political reporter focuses on a minor issue involving Democrats and not the utter collapse and insanity of the Republican party. One might think that the story of leading candidate Donald Trump casually revealing top secret information was worth further discussion aside from the article printed on page A3. One might imagine that the complete inability of Republicans in the House of Representatives to do anything non desctructive...

Today was a highly entertaining day for zombie watching!