[unable to retrieve full-text content]Through my work at the Global University for Sustainability, I have come to know Professor Wen Tiejun. He provides a key analysis of the ten crises China has endured. I highly recommend his book to you (PDF), kindly donated to the reform community as an open access book.  There are 10 lectures that accompany the Continue Reading The post Introducing China’s Leading Economist first appeared on Michael Hudson.

Have Medicare Advantage plans been over coding? According the MedPac 2022 report for year 2020 they have been. The funds of which come out of Medicare funding. The amount of which was an ~$12 billion for 2020 alone. But it is not just 2020, “Medicare Advantage has Overcharged FFS Medicare by Billions for Years,” Angry Bear. “Aggregate Medicare payments to Medicare Advantage plans” have never been lower than FFS Medicare spending. MedPac 2022 Chapter...

Open thread March 17, 2023, Angry Bear (angrybearblog.com) Tags: open thread

3 graphic signs of financial stress  – by New Deal democrat The theme of my weekly “high frequency” economic indicators update over the weekend was the sudden deterioration in some measurements of financial stress. Tomorrow we’ll find out that house prices as measured by both the FHFA and Case Shiller have decline further, and that increases are substantially lower than as measured by the CPI, and on Friday we’ll find out what two of the...

Pseudo-objectivity about pseudo-objectivity Jay Rosen coined the phrase “the view from nowhere” to describe the default stance of political journalism in the US and elsewhere, often defended as “objectivity”. This is closely linked to the concept of the Overton window, which I wrote about recently in relation to the AUKUS nuclear subs deal In essence, the “view from nowhere” amounts to treating all positions within the Overton window as equally valid, and providing neutral...

I was "debating" economist Joe Lavorgna regarding MMT. Lots of things we didn't have time to get into, but that's TV.Click the link to watch the clip.https://video.foxbusiness.com/v/6323472385112#sp=show-clips

A higher quality clip can be found here. https://video.foxbusiness.com/v/6323472385112#sp=show-clips Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ 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

Moscow-based company Sistemma has created its own competitor to OpenAI’s ChatGPT, which runs entirely on domestic servers and in the Russian language. The project was unveiled on Sunday on the IT company’s official site. The AI is called SistemmaGPT (Generative Pre-trained Transformer) and is based on the company’s own developments, along with Stanford University research. The chatbot is intended for Russian businesses and government agencies.…The chatbot is currently in a work-in-progress...