Important because of who wrote it.Project SyndicateChina’s Response to DecouplingYu Yongding, a former president of the China Society of World Economics and director of the Institute of World Economics and Politics at the Chinese Academy of Social Sciences, served on the Monetary Policy Committee of the People’s Bank of China from 2004 to 2006

.[embedded content] Although it’s forty years now since I was a research student at the ​University of California, on a day like this, I sure wish I was back in Redondo Beach, Ocean Park, Venice Beach …

The lack of theory in social experiments Jason Collins discusses a paper by Milkman et al. that presented “a megastudy testing 54 interventions to increase the gym visits of 61,000 experimental participants” … Collins’s discussion seems reasonable to me. In particular, I agree with his big problem about the design of this “mega-study,” which is that there’s all sorts of rigor in the randomization and analysis plan, but no rigor at all when it comes to...

Higher new home sales, with lower prices in May: good!  – by New Deal democrat Let me start with my usual caveat about new home sales: while they are the most leading of all housing metrics, they are very noisy and heavily revised. With that out of the way, the bottom line is that they offered pretty definitive evidence that sales have bottomed, while prices are still declining, at least on a YoY basis. Which makes sense, because as I always...

Corporate profits have contributed disproportionately to inflation. How should policymakers respond? Economic Policy Institute, Josh Bivens The inflation spike of 2021 and 2022 has presented real policy challenges. In order to better understand this policy debate, it is imperative to look at prices and how they are being affected. The price of just about everything in the U.S. economy can be broken down into the three main components of...

from Dean Baker Of course, the New York Times did not headline a piece this way, but that would have been a more accurate headline of an article it ran last weekend discussing a turn away from “neo-liberal” policies. As I pointed out in a quick Twitter thread, that piece misrepresented a set of policies that have the effect of redistributing income upward as “free market” policies. This is wrong in a way that is very convenient for the proponents of these policies. The massive upward...

Important Cases to be decided by SCOTUS. Affirmative Action, Student Loans, Gay Rights, Religious Rights, and some Voting (still remains). Some important issues left which will either please or displease many people. Open Thread June 24, 2023 SCOTUS and Standing, Angry Bear, Angry Bear Blog Tags: affirmative action, Gay Rights, Students, voting...

Economic reform for the modern world

Note that there is a difference between "de-dollarization" as replacement of the USD as the dominant global reserve currency and dollar avoidance to reduce exposure to political and economic manipulation by the US government and financial system.Geopolitical Economy ReportUS Congress plots to save dollar dominance amid global de-dollarization rebellion Ben Norton

...what actually is the base rationale for action? A particularly searching answer was offered in mid-June by ECB Executive Board member Isabel Schnabel in a talk she gave in the financial center of Luxembourg.Most of the post answers this question. Depressing from an MMT standpoint.ChartbookChartbook 223 Acting out of ignorance: the new logic of central bank inflation-fightingAdam Tooze | Shelby Cullom Davis chair of History at Columbia University and serves as Director of the European...