Congress passed the $1.7T spending bill. Big spending increases are coming. 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

The return of Lula and the challenges facing the Brazilian economy post-Bolsonaro, both domestically and in relation to geopolitics and geoeconomics with the heavy hand of the US in the background. In the larger picture, US hegemony means control of the world's resources, which means subjugating the large resources holders, Russia, China, Brazil, Indonesia, India, and the African continent — that is, most of the Global South and east — while keeping Europe in state of vassalage. This is the...

The new OpenAI chatbot is fun to mess around with.  (You can sign up for a free account here.)  But is it smart? I asked it an easy math question, based on Euler’s polyhedron formula.  Euler discovered that the number of edges of a polyhedron is equal to the number of faces plus the number of vertices minus 2:  E = F + V – 2.  So, for a cube, the number of faces is 6, the number of vertices or corners is 8, and the number of edges is 12, which is...

Blog Can words change the world? How do you change the world? Are words enough? Or are they just the icing on the cake? By Sofie Jenkinson, Margaret Welsh 23 December 2022 How do you change the world? Are words enough? Or are...

Publications The New Economics Zine: Issue 5 Can words change the world? 23 December 2022 Download the zine We’re really excited to share the fifth issue of the New Economics Zine with you. This issue takes a look at whether words can change...

Initial claims continue in range; why they will give us a lead on when the Sahm rule for recessions may be triggered Initial claims ticked up 2,000 last week to 216,000. The 4 week moving average declined 6,250 to 221,750. Continued claims, with a one week delay, declined 6,000 to 1.670 million: To state the obvious continued good news, it remains the case that almost nobody is getting laid off.  Also continued good news is that claims, and...

Hero of the year 2022 Ukrainian President Volodymyr Zelensky outside Kyiv, on April 4, 2022.

[embedded content] This live performance remains unequaled to this day. Jussi Björling — the greatest of them all.

As most indicators continue to show the gap between the rich and the rest getting bigger, renowned author and economist Thomas Piketty’s latest book strikes an optimistic note. In A Brief History of Equality, Piketty argues that the world is broadly on the right track to reducing socioeconomic inequality. "There's a long run of social demand for equality that is inseparable from modernity," he says. “The key to transformation is collective mobilisations through...