UK specific but the MMT principles involved hold for the general case.New WaylandCutting Borrowing Costs Made Simple: End Interest PaymentsNeilW

We have smashed ourselves without realizing it...

Figure 1: Wage Curves For A Fluke Case1.0 Introduction This post examines perturbations around a fluke case in a model of intensive rent. The model illustrates an analysis of prices and the choice of technique in which the quantity of commodites produced matters. Yet the level and composition of net output are taken as given, independent of any variation, for example, from their dependence on distribution and relative prices. The model also illustrates a case in which prices of production...

Another city and maybe the country having issues securing safe drinkables water for its citizens. Here is the southwest, I do not believe we will be too far behind Uruguay. Still planning to build and building before the Federal governments says no. Cities need to secure their drinking water, The one-handed economist, David Zetland DL sent this NYT article on Montevideo, Uruguay, running out of drinking water. As usual, the poorest are...

Another city and maybe the country having issues securing safe drinkables water for its citizens. Here in the southwest, I do not believe we will be too far behind Uruguay. Still planning to build and building before the Federal governments says no. Cities need to secure their drinking water, The one-handed economist, David Zetland DL sent this NYT article on Montevideo, Uruguay, running out of drinking water. As usual, the poorest are...

The History of Economic Thought .[embedded content] Being myself the author of seven books on the history of economic thought, yours truly can’t but applaud Beatrice Cherrier’s plaidoyer for the importance of studying the history of economic thought. In many doctrinal historical works, there is a tendency to read history in reverse. This often leads to only presenting the theories and thinkers that have anticipated or presented what constitutes today’s...

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July jobs report: almost across the board deterioration in leading sectors  – by New Deal democrat My focus remains on whether jobs growth continues to decelerate, and whether the leading indicators, particularly manufacturing and construction jobs, as well as the unemployment rate (which leads going into recessions) have meaningfully deteriorated. Almost all of these items did deteriorate in July. Here’s my in-depth synopsis....

July jobs report: almost across the board deterioration in leading sectors  – by New Deal democrat My focus remains on whether jobs growth continues to decelerate, and whether the leading indicators, particularly manufacturing and construction jobs, as well as the unemployment rate (which leads going into recessions) have meaningfully deteriorated. Almost all of these items did deteriorate in July. Here’s my in-depth synopsis....

Fiscal flows have peaked. Defensive period coming for the market.