The wisdom of crowds .[embedded content] .[embedded content] If you’d like to learn more on the issue, have a look at James Surowiecki’s The Wisdom of Crowds (Anchor Books, 2005) or Scott Page’s The Diversity Bonus (Princeton University Press, 2017).

Sir, Your leading article (“Digital Danger”, Jan 2) warns of the use of Chinese-made surveillance systems to track people in the UK. But neither your editorial nor the surveillance watchdog, Fraser Sampson, seems to have any qualms about British-made equipment being used for the same purpose. In 1786 Jeremy Bentham designed the Panopticon, in which a central prison watchtower could shine a light on all the encircling prison cells without the inmates being able to tell that they were being...

Their arguments and attacks are so weak, it's comical. 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

from Lars Syll A critique yours truly sometimes encounters is that as long as I cannot come up with some own alternative to the failing mainstream theory, I shouldn’t expect people to pay attention. This is however to misunderstand the role of philosophy and methodology of economics! As John Locke wrote in An Essay Concerning Human Understanding: The Commonwealth of Learning is not at this time without Master-Builders, whose mighty Designs, in advancing the Sciences, will leave lasting...

Here are some things I think I am thinking about: 1) 2023, the Year of Disinflation? In my annual outlook I said that 2023 was going to be the year of disinflation. My guess is that Core PCE ends the year around 3%. That’s higher than the Fed’s 2% target but it’s all moving in the right direction. I was pretty pleasantly surprised to see that James Bullard from the Fed, has a similar view of things. In a recent presentation he said that 2023 was likely to be a year of...

New jobless claims end 2022 on a positive note; preview of tomorrow’s jobs report  – by New Deal democrat Initial claims started off the year – or ended last year if you are technical about it – on a positive note, declining 19,000 to a 3-month low of 204,000. The more important 4 week moving average declined 6,750 to 213,750, a two-month low. Continuing claims for the prior week also declined by 24,000 to 1,694,000 (due to either a software or...

 The Fed and "inflation."The LensRead My LipsStephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie SandersSee alsoMediumWhy We Missed On Inflation, and Implications for Monetary Policy Going ForwardNeel Kashkari

There are a few take-aways from this topic on how to respond....Bond EconomicsYield Curve Control SustainabilityBrian Romanchuk

Thin response but at least something of an antidote to the venom that is spewing.The Globe and MailWas our experiment with modern monetary theory a colossal failure? Not so fastDavid Parkinson

The Republicans have no good options as they cast around for a solution to their speakership problem.  McCarthy can try to make concessions to secure the support of the Freedom Caucus.  These concessions will empower the obstructionists in the FC and will make the House ungovernable.  The result will be interminable gridlock and recriminations at best and a catastrophic debt default at worse.  We’ve been down this road before.  If Boehner couldn’t...