Recent poll from a month ago… the Brandon people still have a serious political problem due to “inflation!”… will be continuing to tell the monetarists at Treasury/Fed to correct this which means ever higher policy interest rates (and continued QT) still for now…  headed for a “full Volcker”? ?Thanks to reckless spendingby POTUS and Congressional Democrats: More in U.S. Say Inflation Is Causing Financial Hardship https://t.co/3hTwwJ73q8 #— Senator John Cornyn (@JohnCornyn) May 22, 2023...

Madon pekar på det bisarra att inte så få som kallar sig antirasister gör en halsbrytande manöver när de faktiskt förespråkar ökad rassegregation. Man vill ha särskilda ”rum” dit bara de med rätt etnicitet har tillträde, man vill att svarta patienter bara skall vårdas av svarta läkare och sjuksköterskor, man vill att bara svarta musiker skall få spela ”svart” musik, enbart en transsexuell skådespelare kan få en roll som transperson, enbart ”rasifierade” journalister skall få...

Bush declares war!!Sacrifice Is for Losers(on death duties) This is the first of what may become a regular series of reposts from 21 years ago. Share this:Like this:Like Loading...

I told you this was coming, but it’s temporary and it affords an opposite to buy stocks.

Macron et al fronting for the banksters? The ideal of finance capital is private borrowing instead of public financing and the rationale for it is designed for purpose.William Mitchell — Modern Monetary TheoryThe New Global Financing Pact equals the old failed global financial arrangementsBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at University of Newcastle, NSW, Australia

Real wage growth leads spending; meaning spending seems likely to stall after an increase over the next few months  – by New Deal democrat No big economic news today, so I wanted to pick up on a subject I began a week ago Monday; namely, taking a detailed look at personal spending, i.e., consumption. To put it in more socially relevant terms, what allows average American households to spend more, or to cut back? And what are its ramifications...

[embedded content]Interview I gave for INET in January. From their website:Matías Vernengo navigates the complex topic of inflation, discussing its implications on workers, and the economic policies that can potentially mitigate these effects. He explains the inflation of the 1970s and compares it to the more recent inflationary scenario provoked by global events. Vernengo evaluates the mainstream explanations - demand-pull and cost-push theories - and presents an alternative, heterodox...

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There is a trade-off in economics (and elsewhere) between rigor and relevance: the more we achieve deductive certainty in our arguments, the less likely it is that we will achieve socially and politically relevant conclusions. This trade-off, as we shall see, is not logically inevitable but, nevertheless, it is rarely avoided in economic theorizing. Sraffian economics, or so-called neo-Ricardian economics, is a striking example of this tradeoff. From the outset in the pages of...

Freya’sday Five Elements … I caught up with Reich’s Substack Commentary by Robert Reich on Homeless on the Desert. June 16, 2023 in g’da said New to the blogroll lineup, from Robert Reich’s Substack and the Smirking Chimp The Washington Post calls Trump’s vision for a second term “authoritarian.” That vision includes mandatory stop-and-frisk. Deploying the military to fight street crime, break up gangs, and deport immigrants. Purging the...