Ο Γραμματέας του ΜέΡΑ25 Γιάνης Βαρουφάκης στην εκπομπή "Δημότης Online" στο TV100 μιλά για τις εκλογές και την...

In a recent post, Matt Yglesias argues for using fiscal policy – tax increases or benefits cuts – to control inflation, rather than relying on interest rate hikes.  There is certainly an argument to be made here, but his suggestions for reducing consumption seem less than ideal. Yglesias floats the idea of limiting Social Security inflation adjustments for retirees with higher incomes.  He also mentions capping deductions, and cutting Medicare...

Monte Carlo simulations — no substitute for thinking In some fields—physics, geophysics, climate science, sensitivity analysis, and uncertainty quantification in particular—there is a popular impression that probabilities can be estimated in a ‘neutral’ or ‘automatic’ way by doing Monte Carlo simulations: just let the computer reveal the distribution … Setting aside other issues in numerical modeling, Monte Carlo simulation is a way to substitute...

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Blog 8 reasons to share the wealth The richest few are taking too much – it’s time to share the wealth we all create. By Clifford Singer 15 December 2022 The richest few are taking too much, leaving the rest of us struggling to get by, starving...

Real average and aggregate non-managerial wages for November  – by New Deal democrat With November’s consumer inflation report in the books, let’s update two of my favorite measures of how the working/middle class is doing – real average non-supervisory wages, and real aggregate payrolls. Nominal average wages for non-supervisory workers rose a strong 0.7% in November. Inflation fell sharply to 0.1%. So real average wages rose 0.6% last...

Yanis Varoufakis on the prejudice faced by Roma people in Greece, something that extends to all of Europe. 16-year-old Roma boy Kostas Frangoulis was killed by police in Thessaloniki after being shot in the head over an unpaid €20 gas station bill. #kostasfrangoulis #varoufakis #yanisvaroufakis #diem25 #mera25 #europe #racism

Mark Weisbrot of CEPR had an article up in the November LA Times addressing Inflation and the Fed. It appears it may be reprinted in December’s LA Times. “Weisbrot (LA Times): Inflation is Falling Much Faster Than Most People Know; and The Fed’s Response to Inflation May Pose a Bigger Threat than the Inflation Itself.” An essay arrived in my Hotmail account just today. An interesting email which I will repeat many portions of it here. Inflation...