New Deal democrat has been doing JOLTS reports for a long time. Some of you may understand what NDd is discussing and some may not. Just a quick one liner to help you understand why this is important. JOLTS is a monthly survey of U.S. job vacancies, hiring, and job separations released by the Bureau of Labor Statistics of the U.S. Department of Labor. April JOLTS report noisily shows continued deceleration  – by New Deal democrat It is...

Some of us at MNE lived through this saga back then. No one could have expected what has come to pass since. Good article on the history and issues involved.IntelligencerThe Man Who Invented the Trillion-Dollar Coin [Carlos Mucha aka beowulf]. An Atlanta lawyer was just spitballing on a financial blog. He didn’t expect Washington to listen.Alex Carp

I participated in a “Yay/boo for MMT!” debate Zoom panel for the annual Canadian Economist Association conference.…What I would offer as a generic lesson for this exercise is that discussing “MMT” as a concept is a dead end, one needs to focus on particular concrete topics of interest, and see whether MMT is offering useful insights into that topic.Bond Economics CEA MMT Panel Post-MortemBrian Romanchuk

The debt ceiling agreement now in Congress ends the moratorium on student loan payments. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes Mike Norman Twitter https://twitter.com/mikenorman

Lance Taylor in Beijing (with me, center), 2001Full paper for download here. From Duncan Foley's recollection cited in the paper.Lance had what one might call a casual approach to every-day dress, though he appeared for public talks well turned out even with rather jaunty accessories. It was not unusual, however,for him to appear in his office in the working clothes of a Maine farmer. On some of these occasions, particularly when travel delays or cancellations disrupted work plans, I would...

I’m still trying to get my head around what happened with the debt ceiling. Is the proposed deal a win for Biden and the Democrats?   The conventional wisdom is that it was.  Catherine Rampell argues that the Republicans achieved little in the way of policy that they could not have gotten through the regular budget process.  They also failed to take away any of Biden’s signature policy victories.  There are some questions about whether the...

What looked like it could be catastrophic for the nation, its people, and its economy, the results coming from a so-called too old eighty-year old man negotiating the US budget appears to be far better than expected. And far better than what Repubs are offering up. Now it is up to the House to put the budget on the floor for a vote. McCarthy has done what little he could do. The radicals have to pass it or take the blame for global economic...

I agree with the author’s reasoning for domestic supply manufacturing. I have battled the issues with pharma, medical supply, and also food manufacturing. Batches are problematic as well as the USDA and FDA labeling requirements. You wait for approvals. As of August 2019, 28 percent of the manufacturing facilities producing active pharmaceutical ingredients (APIs – drug substances formulated into tablets, capsules, and injections) to supply the...

As a result of BRI, the New Silk Road, CSTO, SCO, the explosive growth in the coming years is likely to come from the developing world, not only Africa and Latin America but also the countries of Central Asia lying between and linking Russia and on to Europe and China as a gateway to Asia.Central Asia is part and parcel of the Western foreign policy position regarding Russia and China. It is about who is going to control the Heartland and dominate the World Island (Halford Mackinder,...

Here are some dumb reasons some are putting forth for getting bearish on stocks. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.pitbulleconomics.com/mmt-trader/?s2-ssl=yes Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://www.pitbulleconomics.com Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes