The India-Middle East-Europe transportation corridor may be the talk of the town, but it will likely go the way of the last three Asia-to-Europe connectivity projects touted by the west - to the dustbin. Here's why.…The CradleWar of Economic Corridors: the India-Mideast-Europe ployPepe Escobar

Always always always fade emotion. 

Why the public still views inflation as a major problem, despite the official numbers  – by New Deal democrat This is the topic I indicated last week I wanted to write about more at length.  Paul Krugman wrote last week about the disconnect between most economists, who see inflation declining, and voters, who still see inflation as a major concern. Here’s a couple of his tweets: As I wrote last week, the “shrinkflation” in new homes is very...

This book exposes everything they're lying to us about... get it for free this week

SWL is still caught in the monetarist fallacy. MMT has two arguments against the golden rule, which I will call reasonable and unreasonable. The unreasonable argument is that interest rate increases do not reduce aggregate demand and inflation, and therefore fiscal policy has to play the macro stabilisation role at all times. It is an unreasonable claim because it contradicts the large amount of evidence that higher interest rates do reduce aggregate demand and inflation, evidence that you...

 The most important political event this week will not be the upcoming GOP debate but Donald Trump’s expected visit with striking UAW workers as the walkout expands to other states. In that one appearance, Trump demonstrates one of the most critical parts of political change, the emergence of the populist right.…Once hostile to unions, Republicans like Florida’s Senator Marco Rubio, Ohio’s JD Vance and Missouri’s Josh Hawley have all pledged support to the strikers. Union-affiliated...

Perhaps the most distinctive aspect of Jim’s pedagogy and scholarship, almost alone among economists we have known, was his ability to synthesise these two thinkers in ways that gave equal weight to both, that placed them in conversation rather than in tension. Crotty’s Marx anticipates Minsky, while his Keynes is a political radical – a socialist – in ways that few others have recognized.Perhaps his most profound contribution to both traditions was the brilliant 1985 article “The Centrality...

The current Treasury bear market has been impressive, and unfortunately for the bond bulls, there is no valuation reason for it to stop. For example, the 5-year Treasury is still trading well below the overnight rate. If we look back to the 1994 bond bear market, the 5-year traded about 250 basis points above cash — versus about 100 basis points below now.The explanation for this disparity can be pinned on the Fed reaction function....Bond EconomicsAt Least It's Not As Bad As 1994Brian...

I think the main practical point is that pharmacological treatment of opioid addiction is effective and yet not as easily available as it should be. Not all opioid use disorder (OUD) specialized treatment programs offer medication assisted treatment (I have a somewhat out of date report that in 2017 “only … 35.5% offered any single medication for opioid use disorder treatment. ” This is more recent information “ “Though the benefits of...

.[embedded content] Kjell-Åke Andersson turned Göran Tunström’s s epic masterpiece The Christmas Oratory into a stunningly beautiful and emotionally overwhelming movie. Stefan Nilsson wrote the breathtaking music. And it still breaks my heart every time I watch it … One day you shall hang this jewel around my neck. Then I am yours. Now I am nothing that is myself. I am nothing but the waiting.