Svensk miljöpolitik år 2024 .[embedded content] Med en klimat- och miljöminister som Romina Pourmokhtari verkar tiden stått stilla sedan 1964 …
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Subsidizing Fossil Fuels
[unable to retrieve full-text content]The nation went through a period of high gasoline prices, even though the government released oil from the reserves. Now it appears the US has a glut of oil and may (and always has) lack refinery capacity. Prices appear to have stabilized in many places at about $3.50 per gallon (I may be paying more […] The post Subsidizing Fossil Fuels appeared first on Angry Bear.
Read More »Tax cuts for the rich only increase wealth disparity
[unable to retrieve full-text content]No, the 1% aren’t the job creators—that’s the middle class and working class. Tax cuts for the 1%, of course, don’t create jobs, they just create greater wealth disparity: “The authors set out to examine all instances of major tax reductions on the rich in 18 OECD countries between 1965 and 2015 and identify the […] The post Tax cuts for the rich only increase wealth disparity appeared first on Angry Bear.
Read More »NY Fed: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low
[unable to retrieve full-text content]NY Fed: Mortgage Originations by Credit Score, Delinquencies Increase, Foreclosures Remain Low; Calculated Risk Newsletter The NY Fed released the Q3 Quarterly Report on Household Debt and Credit this morning. Here are three charts from the report. The first graph shows mortgage originations by credit score (this includes both purchase and refinance). Look at the difference in credit […] The post NY Fed: Mortgage Originations by...
Read More »In Greece, gross fixed investment still is at a pre-industrial level.
Executive summary: if investments are needed, do not reform. Invest. Investments are the reform. Angus Maddison (historical patterns of growth) and Jan Kregel (leading post-Keynesian economist) were the intellectually dominant forces during my economics study in Groningen around 1982. Let´s apply their frameworks to Greece. Growth, as we measure it, has many sources: increasing the productivity of existing activities (the mechanization of the potato harvest), shifting labour from...
Read More »How to explain rate setting and bond issuance.
Ask questions and lead people to the correct conclusions.
Read More »Difference in Traditional Medicare and Medicare Advantage Care
[unable to retrieve full-text content]The Government made it possible for people to choose between Traditional Medicare and Medicare Advantage for their care at 65. An alternative was provided under the guise of commercial healthcare providing better healthcare and other services to those who qualify for Medicare at a lesser cost. There are superficial and also meaningful pluses that are […] The post Difference in Traditional Medicare and Medicare Advantage Care appeared first on Angry...
Read More »Politics After the Fascism Debate
By Max B. SawickyHere is a sample from my Substack.The key antagonists on Trump and fascism, the ones I have noticed, include Corey Robin, John Ganz, Timothy Snyder, Samuel Moyn, and Daniel Steinmetz-Jenkins. Except for Ganz, they are all credentialed professors at well-regarded universities. No disrespect for Ganz; I tend to agree with him the most. I have high regard for all of them.In another sense, however, the entire debate seems off. It is focused on relating, or distinguishing, Trump...
Read More »The Prodigal Son Returns
By Max B. SawickyHi EconoPeeps. I launched this cockamamie blog for my pals when I had to abandon my own and work for the Federal government (Government Accountability Office, not CIA). Then my webhost "1 and 1" (now Ionos) erased the entire blog, which I had been doing since about 2004. I was delinquent in a monthly payment and they failed to warn me.Now I'm retired but still writing. I have a substack to which I've been posting regularly. Subscriptions are free and there is no segregation...
Read More »October consumer Inflation firms, driven – as usual – by Shelter
[unable to retrieve full-text content] – by New Deal democrat Today’s CPI report for October generally showed stable monthly increases, but slight increases in YoY comparisons. But as usual, it was almost all about the usual culprit of shelter, as more fully parsed below; to wit: – Headline CPI increased 0.2% for the month, the fourth month in a row […] The post October consumer Inflation firms, driven – as usual – by Shelter appeared first on...
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