Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like Loading...

from Dean Baker The Republicans and Donald Trump seem set on establishing a strategic crypto reserve. They are claiming this will somehow be an important source of economic security for the country. It’s clear that establishing the reserve will be an important way to give tens of billions of dollars to Donald Trump’s campaign contributors, but it is much harder to see how it will provide any economic security to the country. To better understand the logic of a strategic crypto reserve, it...

If you enjoyed this video, you might also like my most popular video, "Don't Study Economics, Study THIS Instead." https://www.youtube.com/watch?v=oO7iCv_NsPE -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is...

[unable to retrieve full-text content]American universities are the envy of the world—for now. If President Musk’s cuts to the NIH budget hold, that will likely change*. But for JD Vance, that’s a feature, not a bug: “When President Trump and his allies think of the idealized version of highter education, they don’t look to the Ivy League or the […] The post The Trump/Vance Administration seeks academic mediocrity appeared first on Angry Bear.

[unable to retrieve full-text content]It is a Sunday Morning and a good time to take a look at Social Security. SS a program covering millions of people in the US. A program which Trump and Elon (who functions in some type of capacity for him) would like to alter, get rid of, or cut the number of people from […] The post Social Security, a “pretty good program and we can afford it” appeared first on Angry Bear.

[unable to retrieve full-text content]I acquired this listing of not-to-be used words from Digsby’s Hullabaloo. This looks like a laughable moment that our government would spend time doing this. Or is it? Trump seeking to purge the federal government of “woke” initiatives, and agencies flagging hundreds of words to limit or avoid. This is according to a compilation of […] The post Word Usage for Which the Usage is Being Discouraged by the Gov. appeared first on Angry...

[unable to retrieve full-text content]This is straight out of the GOP playbook. Dipf. . . . . . . s. . . billionaire Elon Musk told Republican lawmakers he is not to blame for the firings of thousands of federal workers, including veterans. Has he ever heard of DOGE? It’s not the best publicity to fire veterans. Musk alleged […] The post Don’t Blame Me for Federal Firings of the People I Fired appeared first on Angry Bear.

What does concern me about my discipline, however, is that its current core — by which I mainly mean the so-called dynamic stochastic general equilibrium approach — has become so mesmerized with its own internal logic that it has begun to confuse the precision it has achieved about its own world with the precision that it has about the real one … The dynamic stochastic general equilibrium strategy is so attractive, and even plain addictive, because it allows one to generate...