I have become addicted to Twitter. Among other things, I stopped posting here. Recently I posted a complaint about Chrome and messed up certificates (warnings that sites were not private because they had a dialog box pop up). Among other sites, this site had that problem with Chrome. I swore to never use Chrome again. I must confess that I broke that oath and am now using Chrome which allowed me to this site rather than blocking with a warning...

Why the euro has to be abandoned The euro has taken away the possibility for national governments to manage their economies in a meaningful way — and in Italy and Greece a couple of years ago, the people had to pay the true costs of its concomitant misguided austerity policies. The unfolding of the repeated economic crises in Euroland during the last decade has shown beyond any doubt that the euro is not only an economic project​ but just as much a...

Weekly Indicators for September 4 – 8 at Seeking Alpha  – by New Deal democrat My Weekly Indicators post is up at Seeking Alpha. The tug of war between the headwind of high interest rates and the tailwind of low commodity and consumer inflation continues. As usual, clicking over and reading will bring you right up to the present on the data and bring me a smal $$$ reward for my efforts. New Deal democrats Weekly Indicators for August...

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This week we have David Fields back to talk about international economics, a topic that is poorly underserved in the economic community. David's work centers on the intricacies concerning the interactions of foreign exchange & capital flows with economic growth, fiscal & monetary policy, and distribution, whereby critical attention is paid to the notion of endogenous money. He also delves into the political economy of regional development to study patterns with respect to the nature...

A question being asked by The Economist; Where do Americans mingle?, Vienna Virginia  Sit-down chain restaurants foster more cross-class mixing than any other institution. Sit-down chain restaurants, like Olive Garden, Chili’s, and Applebee’s are prime sites for many Americans. Restaurants bring Americans together more than any other private or public institution and eclipse bars, churches, petrol stations, libraries, parks and schools ....

Excellent take on Drug Pricing as written by Dr. N. Adam Brown at MedPage Today. In 2016 the 21st Century Cures Act was passed by the House. The intent was to make it easier for pharmaceutical companies to bring new drugs to market and short cut the clinical trial processes. Health Affairs had this to say: “Still, we believe the bill’s potential benefits and modestly enhanced funding for scientific advancement are far outweighed by the increased...

September 11, 2023, marks the fiftieth anniversary of General Pinochet’s military coup against Chilean President Salvador Allende. While it is now widely recognized that Pinochet authorized large-scale human rights abuses, there is an accompanying narrative that he also unleashed an economic miracle via embrace of Milton Friedman’s “Chicago Boys” vision of a market economy. The […]

This is an utterly ridiculous fallacy. 

Fascism vs Socialism