Q&A Session The lecture here. Note that it missed a few minutes at the beginning and the slides are not showing, with Professor Stiglitz at the upper right corner. It is still pretty engaging and wroth reading. There is a link to the slides that are not showing up. The actual lecture will be published in the first issue of ROKE in 2024. [embedded content]I'll post link to the published version when it's done.

ECB finally went non-negative IOR….Euro stoxx banks reached highest since 2018 on inflation data. pic.twitter.com/sxCz7ratzu— ??????? (@AlessioUrban) February 28, 2023 Europe bourses following their banks back up… same thing should happen here on the rate increases…  Brandon starting WW3 not withstanding…BofA now joining JPM with a call for 6%:Fed Might Raise Policy Rates To 6%, BofA Says - RTRS https://t.co/Nt9xA46vZE— LiveSquawk (@LiveSquawk) February 28, 2023 ?????

Durable goods orders: more deceleration, still no recession  – by New Deal democrat I normally don’t pay too much attention to durable goods orders. That’s because they are very noisy. They don’t always turn down in advance of a recession (see 2007-08), although they may at least stall, and there are a number of false positives as well (see 2016) as shown in the graph below showing up until the pandemic: But in 2022 they were one of the last...

Trump’s Tax Cuts and Jobs Act (TCJA) made significant changes to the federal tax code. The major changes were the lowering corporate and individual income tax rates, increasing the standard deduction, reforming child tax benefits, and reforming the corporate international tax system. In an effort to mask its true cost and fit it within cost limits, almost all of the individual and estate tax provisions were set to expire after 2025. Several...

Blog Talking Tax Paul Hebden digs into where our attitudes towards taxes come from. He finds its roots in the runup to the 2008 financial crisis. By Paul Hebden 28 February 2023 This is an article from the fifth issue of the New Economics Zine....

I haven't written a post about WASPI for a very long time. I felt I had said everything I wanted to say, and it had become evident that the WASPI campaign and its offshoots had neither the widespread support nor the legal arguments that they claimed. Labour's proposed £58bn payment to WASPI women contributed to its disastrous defeat at the 2019 General Election. And in 2020, the hardline Back to 60 group's bid to overturn their state pension age rises failed in the Court of Appeal. The...

from Peter Radford What am I supposed to make of this? Martin Wolf, someone whose work I always pay attention to, flubs it and leaves us with a partial picture.  That’s unlike him.  Perhaps it was the editing? In any case the notion that the UK needs to generate more savings, which is what Wolf is arguing in his recent Financial Times article, needs a slight augmentation in his basic analysis. The problem begins when he says that “Investment is financed by savings”.  This is a very...

Publications Skills for a new economy Investing in workers and closing the green skills gap By Alex Chapman, Fernanda Balata, Rebekah Diski, Paulo Yunda 28 February 2023...

Are you reactive or rational about what's happening? 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://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes