[unable to retrieve full-text content]This past Sunday the New York Times ran an essay (gift link) adapted from Ezra Klein’s new book with Derek Thompson.  The book, which I look forward to reading, is on abundance liberalism.  Klein’s essay begins as follows: I keep seeing Democrats say the resistance failed. On these pages, James Carville counseled Democrats to “roll over and […] The post Is abundance the liberal answer to Trump? appeared first...

It’s been over ten years since the Bank of England published Money creation in the modern economy, yet despite that, I run into people daily parroting untruths about how banking works. As part of the update to the UK Accounting Model, we will enhance the banking chapter to cover how lending institutions work and highlight some of the intriguing artefacts that a proper understanding reveals....New WaylandThe Loan Lock ParadoxNeilW

Monetarist theories are so blatantly contradictory that it’s ridiculous. 

[unable to retrieve full-text content]Is Tesla a car company? An AI company? A projection of Elon Musk’s ego? In Europe, it’s a greenwashing company. Selling credits to other automakers looking to avoid paying penalties for not meeting European Union emissions targets has proved lucrative for all-electric Tesla. “Since its founding, the electric vehicle company has brought in billions from […] The post How Tesla makes money appeared first on Angry Bear.

[unable to retrieve full-text content] – by New Deal democrat To review briefly, the monthly JOLTS reports give us a more granular look at the employment sector, but are delayed by one month vs. the jobs report. Like the jobs reports, most JOLTS series have shown deceleration for several years. The question over the last year has been whether they […] The post January JOLTS report: monthly increases, but significant downward revisions to 2024 appeared first on Angry Bear.

[unable to retrieve full-text content]Candidate Trump promised he would not allow any cuts to Social Security or Medicare if elected. Looks like President Musk didn’t get the memo: “Despite reporting from The Washington Post on Monday suggesting that DOGE officials are starting to worry about bad “PR,” Musk suggested later in the day he could push for big cuts […] The post Elon didn’t get the memo appeared first on Angry Bear.

[unable to retrieve full-text content]Oops! Poor RFK Jr. He’s had to tiptoe back his attacks on childhood vaccines in the face of a measles outbreak in Texas. What’s a poor anti-vaxxer to do. Well, since vaccine denialists can never be wrong, they can only be wronged, Kennedy blames the victims: “In later comments, Kennedy suggested that severe symptoms mainly […] The post RFK Jr. blames the victims appeared first on Angry Bear.

[unable to retrieve full-text content]Michael Hudson and Richard Wolff discuss Sahra Wagenknecht’s break from Die Linke and her struggle to push genuine left-wing economic policies in Germany. They highlight Germany’s economic challenges, including U.S. demands for increased military spending and tariffs on European exports. The speakers argue that Germany faces a choice: align with BRICS or deepen its reliance on the U.S. The broader discussion extends to global trade dynamics,...

[unable to retrieve full-text content]One of Economist David Zetland’s students. True pricing: effects on competition – The one-handed economist Sarah writes* Although Trump has once again pulled the U.S. out of the Paris Climate Agreement, American firms still face consequences in EU markets. Numerous countries are still committed to non-legally binding climate targets, but the EU demands full adherence […] The post True pricing: effects on competition appeared first on...

[unable to retrieve full-text content]Scenes from Friday’s jobs report: the (totally contradictory) Big Picture  – by New Deal democrat There is no important economic data today, so let’s take a closer look at some of the noteworthy items from Friday’s jobs report. I’ll start out with the Establishment Survey side and then turn to the Household Survey side. Goods […] The post The (totally contradictory) Big Picture appeared first on Angry Bear.