340B: The Unintentional Hospital and Pharmacy Profit Stream That Was Supposed to Help Patients, PHrma.Org. What is 340B or Section 340B? As explained by the American Hospital Association, Section 340B of the Public Health Service Act requires pharmaceutical manufacturers participating in Medicaid to sell outpatient drugs at discounted prices to health care organizations. Those are the organizations caring for many uninsured and low-income...

House prices increase for third straight month, but Case Shiller index now negative YoY  – by New Deal democrat Seasonally adjusted house prices through April as measured by both the FHFA (red in the graph below) and Case Shiller (blue) Indexes rose, the former by 0.7% and the latter by 0.5%. This is the third straight increase in a row. Thus house prices have probably bottomed. But on a YoY basis, prices have continued to decelerate sharply,...

Minsky: Taming Complex Economic Systems

Hans-Jürgen Krahl and the Frankfurt School .[embedded content]

My favourite French teacher .[embedded content]

This is not a bad idea. It is one issue long over due and needed if we are to attract more people into the Labor Force. It should be government sponsored to cut the costs of it. To Increase the Supply of Workers, Our Economy Needs Childcare, Roosevelt Institute, Mike Konczal Tuesday February 23, the Department of Commerce announced the CHIPS for America Funding Opportunity. This action is a part of the bipartisan CHIPS and Science Act designed...

Lord Skidelsky  My Lords, the noble Lord, Lord Purvis, made an important point about the importance of thinking about a post-Putin future. I have never thought that Putin either can or deserves to survive this adventure on which he has embarked, but I am interested in what is meant by such phrases as “withdraw his troops and end this bloodshed now”, and a remark from the Labour Front Bench about the importance of “winning the war”. What exactly do these things mean? It seems...

An urgent call for change

No impact on US markets, but Putin is still in control, if not on shaky ground right now.

Neil summarizes the MMT position as put forward by Bill Mitchell.There is a need to distinguish special cases from the general case. While the general case MTT view may be agreed upon, reactions to differences in special cases (US, GB, Australia) may create the appearance of disagreement about the general case where there is no fundamental disagreement since the apparent disagreement is accounted for by national conditions that supervene.This is an interesting post not only in terms of...