Mint the Coin!https://talkingpointsmemo.com/edblog/debt-ceiling-hostage-update

AB is about a day late on this commentary by Peter. Still a great commentary and read. Why the Battle over Electing a House Speaker by Peter Dorman @ Econospeak I don’t know how this will turn out, and maybe what I’m about to say will be disproved by events, but here goes: I think the Republicans face a difficulty in electing a Speaker that the Democrats wouldn’t have, and it will be hard to overcome.  Democrats may disagree intensely,...

December jobs report: good headlines, but deceleration continues    – by New Deal democrat If the long leading indicators all last year, and the majority of the short leading indicators from the past few months are to be believed, a recession is near. And if that is the case, we ought to see the leading elements of the jobs report begin to roll over. One of them, the average manufacturing workweek, clearly has. Arguably so has temporary...

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Back in the Paleolithic days of blogging, I got interested in the relationship between philosophical thought and political action, particularly in the cases of Hayek and Heidegger and their support for Pinochet and Hitler respectively. I think the evidence is in on Hayek (see here and here), so I won’t discuss it further. In Heidegger’s case, there’s been plenty more evidence on Heidegger’s personal conduct, cumulatively quite damning. But the claim that he was one of the greatest...

Yesterday they hated in on the job number. Today they loved it, on basically the same job number. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/...

My dissertation chair, Herb Gintis, died yesterday in Northampton, Mass.  We didn’t stay in touch after I graduated—our interests and perspectives diverged—but I will always appreciate what he gave of himself at a difficult time in my life.After my first dissertation went awry (don’t ask!), Herb, who had been on my committee, stepped in and helped me identify a new topic.  I had to learn a new set of tools, and he was patient as I stumbled through what I now recognize as elementary technical...

As Beijing’s Belt and Road Initiative enters its 10th year, a strong Sino-Russian geostrategic partnership has revitalized the BRI across the Global South.The CradleWhy BRI is back with a bang in 2023Pepe EscobarSee alsoIndia PunchlineIndia’s got the BRICS bluesM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador