November existing home sales: prices have unequivocally turned down  – by New Deal democrat Existing home sales do not have much actual economic impact, since the primary economic activity generated by housing is the construction. But they do help tell us a great deal about pricing. For the record, sales continued their relentless decline this year, down to 4.09 million on an annualized basis, down almost 1/3rd from their recent February...

by David Zetland (originally published at The one-handed economist) I’m not shy about criticizing the weakest elements of economics (there are many), so it’s sometimes a good idea to remind myself (and you!) of the strengths of economics, i.e., those characteristics that make it useful. Here’s an example based on a test-question I just asked: You are a baker facing higher energy (natural gas) prices. Higher prices result from (choose one...

Another blast from the past before I get into some newer information. It is still very relevant. It lays a foundation for other work I intend to do. This should come as no surprise as I have written on the topic of Healthcare Costs and Its Drivers before. In particular, the overriding statistic from an earlier post was 50% of the increase in healthcare costs was due solely to price increases between 1996 and 2013 (JAMA, Factors Associated With...

This Life: faith, work, and free time, part two At the beginning of this year, I posted a response to Martin Hägglund’s This Life: Secular faith and spiritual freedom. In October I learned of a conference next May in Belgium at which Hägglund will be one of the keynote speakers. So I submitted an abstract to present a paper. When it came time to start working on a draft for the conference, I remembered my blog post and it formed the core for...

Do complex numbers exist? (wonkish) .[embedded content]

Κάλεσμα του Γραμματέα του ΜέΡΑ25 και συνιδρυτή του DiΕΜ25 και της Προοδευτικής Διεθνούς Γιάνη...

We observe it every day… here: If anyone among you is presuming to be wise in this eon, let him become stupid, that he may be becoming wise, for the wisdom of this world is stupidity with God.     1 Cor 3ipso facto…

lol …  the richest man in the world doesn’t even know where the munnie comes from! ???Should Congress approve the $1.7 trillion omnibus spending bill?— Elon Musk (@elonmusk) December 20, 2022

I'll give you exactly how this will play out. It's not that hard. 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