Money: A Powerful Illusion?

Angry Bear has been writing about the Opioid epidemic and what has been influencing it for years. I was to write on it at one time and continued to do so. It would seem there should be more coming forth from companies who promoted its use. If we go back and read the Jink and Porter letter misused to promote the use and sale of an Opioid, one can see how its use grew. $50 billion is not enough to resolve the damage done. How $50 billion in opioid...

Angry Bear has been writing about the Opioid epidemic and what has been influencing it for years. I was asked to write on it by an association and continued to do so. It would seem there should be more money coming forth from companies who promoted its use. If we go back and read the Jink and Porter letter misused by Purdue and other companies to promote the use and sale of an Opioid, one can see how its use grew. The $50 billion is not enough to...

The systemic failures of economic methodologists I argue that economic methodologists failed the economics profession by not actively pointing out to the economics profession or to the general public that, if an economist’s primary goal was to provide policy advice to society, then the standard methodology being used by applied macroeconomists had serious problems. I see methodologists’ failure as a systemic failure because the reason they did not point out...

Now that CPI/PPI are collapsing YoY the GOP is just going to pound Brandon on the Art degree moron figure of speech "inflation!"  based on price comparisons from when he took over in Jan 2021....   easy peasy…We now have to watch how the Biden people respond to this political attack...  from a Biden people perspective they may still think they have a figure of speech “inflation!” problem… tell their Fed people  to keep increasing the risk free rate to fight their figure of speech...

The existential risks associated with global warming include coastal flooding, loss of fresh water, desertification, life-threatening temperatures and loss of ocean fisheries. Another risk is the spread of infectious diseases that are normally restricted to tropical latitudes. While the prospect of eliminating insect vectors such as Aedes and Anopheles mosquitoes, tsetse flies and triatomine bugs using CRISPR gene drives offers some hope, viruses and...

June inflation almost non-existent except for the fictitious measures of shelter  – by New Deal democrat  The message of this morning’s consumer inflation report was the same for almost everything except for the fictitious measures of shelter: sharp deceleration everywhere. Let’s take a look: Headline CPI up 0.2% m/m and 3.1% YoY (lowest since March 2021) Core CPI up 0.2% m/m and 4.9% YoY (lowest since October 2021): CPI less...

[unable to retrieve full-text content]RADHIKA DESAI: Hi, everyone, and welcome to this 13th Geopolitical Economy Hour, the fortnightly show on the political and geopolitical economy of our times. I’m Radhika Desai. MICHAEL HUDSON: And I’m Michael Hudson. RADHIKA DESAI: And today, as last time, we are joined by Anne Pettifor to discuss the urgent issue of our time, the Continue Reading The post Economic Interference in the Global South first appeared on Michael Hudson.

from Lars Syll Yours truly’s latest book has made it onto Amazon’s lists of best sellers in economics and econometrics. I am — of course — truly awed, honoured and delighted.

Trial stage involving "super SIM cards."ECNS (Chinese official English news service)Digital yuan ushers in new payment method with rollout of SIM card integrationGlobal Times