[embedded content]I'll post more on this soon. A few things, his economic ideas show a complete lack of understanding of basic principles. That he is taken seriously by a good chunk of the Argentina media (which is responsible for his rise) is appalling. I also don't think that it is certain that he will win, but in truth the mere possibility is frightening.

In Welfare for Markets, Anton Jäger and Daniel Zamora show that cash transfers emerged as an alternative to the welfare state favored by a left that had abandoned hope in socialism and a right hostile to democratic management of the economy.What exactly do David Graeber, Milton Friedman, Charles Murray, Yannis Varoufakis, and Mark Zuckerberg have in common?” It sounds like the setup to a bad joke. The punch line may not be funny exactly, but it is revealing. Although they share practically...

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

Revealing the Hidden Force of Credit on Aggregate Demand

I said this months ago.

Excerpt from Foreign Policy.Countries have spent decades building critical infrastructure that is now buckling under extreme heat, wildfires, and floods, laying bare just how unprepared the world’s energy and transportation systems are to withstand the volatility of climate change.These vulnerabilities have been on full display in recent weeks as record-breaking temperatures broil the world, straining power grids, threatening water supplies, and warping roads.Mother Nature is a bitch. Who...

Briefly, Josh Bivens: “Put simply, the IRA puts the U.S. on a path where meeting its global climate change  commitments is within reach. The commitments which would provide a genuine chance at securing a livable planet for future generations if they are kept. At the beginning of August 2022, there was no such path to secure this livable future, but there is now and it is a mammoth victory. The IRA was essentially a climate change bill. Included...

Briefly, Josh Bivens: “Put simply, the IRA puts the U.S. on a path where meeting its global climate change  commitments is within reach. The commitments which would provide a genuine chance at securing a livable planet for future generations if they are kept. At the beginning of August 2022, there was no such path to secure this livable future, but there is now and it is a mammoth victory. The IRA was essentially a climate change bill. Included...

This is the Big Story: a 100+ year near-record decline in commodity prices is enabling continued record wage growth and employment  – by New Deal democrat No important economic data today, so let me elaborate on the matter of “immaculate disinflation,” i.e., the decline in inflation without a decline in growth. I’m going to argue that, to the extent there is causation, it is the reverse of what is generally assumed, to wit: that there is...

This is the Big Story: a 100+ year near-record decline in commodity prices is enabling continued record wage growth and employment  – by New Deal democrat No important economic data today, so let me elaborate on the matter of “immaculate disinflation,” i.e., the decline in inflation without a decline in growth. I’m going to argue that, to the extent there is causation, it is the reverse of what is generally assumed, to wit: that there is...