Oh no! …. “Inflation!”…. Fed better go up the 0.5% now!Egg prices rise more than 64% in some stateshttps://t.co/natM1HoTr7— FOX Business (@FoxBusiness) January 12, 2023

Yglesias out with another idea today:New debt ceiling workaround just dropped — an idea for folks who find the platinum coin too silly. https://t.co/COhytbTHgv— Matthew Yglesias (@mattyglesias) January 11, 2023 I guess: With policy rate at 5%;  they sell a 1 year 10 face value with a coupon of 95 then people would pay 100 and get redeemed for 10... they would make the 5%... iow they would pay 100, get coupon for 95 then get back 10 at redemption in 1 year...  pay 100 and get back 105 within...

 They are falling all around meThey are falling all around meThey are falling all around meThe strongest leaves of my treeEvery paper brings the news thatEvery paper brings the news thatEvery paper brings the news thatThe teachers of my sound are movin’ onDeath it comes and rests so heavyDeath it comes and rests so heavyDeath comes and rests so heavyYour face I’ll never see no moreBut you’re not really going to leave meYou’re not really going to leave meYou’re not really going to leave meIt...

When the monetarist zombie bears start running for cover. 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

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There are things we hate to do, but we must do them. Here are a few of mine.

Markets went crazy after last week's employment report. What happened and what are the important takeaways from it all? In this video we explain three of the most important charts in the economy today and what they could mean for the future of the financial markets and the economy. Chapters: 0:08 Intro 00:24 Average hourly earnings and the wage price spiral relief 00:36 Why would rising wages be bad? 00:58 Temp help and why it matters 01:41 Fed Funds Futures 02:24 Three big takeaways...

I've just learned that Barkley Rosser, the mainstay of this blog, died yesterday.  I'd crossed paths with him in Madison, WI in the early 70s and then reconnected in the late 1980s, even coauthoring a paper with his wife Marina in 1990 (I think).Barkley and I would get together for a meal most years during the economics meetings.  He was a human tornado, quick and vociferous, backed up by a vault of reading, study and thinking.  He was uncommonly wide-ranging: although his reputation rested...

By at least one measure, China now leads the world in producing high-quality science. My research shows that Chinese scholars now publish a larger fraction of the top 1% most cited scientific papers globally than scientists from any other country.I am a policy expert and analyst who studies how governmental investment in science, technology and innovation improves social welfare. While a country’s scientific prowess is somewhat difficult to quantify, I’d argue that the amount of money spent...

Ο Γραμματέας του ΜέΡΑ25 Γιάνης Βαρουφάκης στην εκπομπή meta-βάσεις του ΡΑΔΙΟΜέΡΑ και τον Κώστα Ράπτη μιλά...