My Lords, I am grateful, as we all are, to the noble and right reverend Lord, Lord Harries, for initiating this debate and for drawing attention to the real danger of nuclear escalation. I am in profound disagreement with the Government’s policy on Ukraine—I have said it before in this House and I shall say it again. This disagreement can be stated in one sentence: the Government’s policy is a war policy; I support a peace policy. I shall try to justify that. The then Foreign...

An easy one this week: At a small economics conference, a photographer wants to line up nine participants for a photo. Two of them — Robert and Milton — insist on standing next to each other. How many different arrangements (lineups) are possible?

Initial jobless claims get closer to signaling recession  – by New Deal democrat Today is one of those data-palooza days, so I’ll put up separate posts on personal income and spending, and the ISM manufacturing report and construction spending reports later. But let’s start with weekly jobless claims, and the news here is OK for the week, but the trend is troublesome. Initial claims declined -16,000 from last week’s 3 month high to...

Inflation is defined as a significant increase in the price of most goods and services in an economy over a short period of time. No controversy. Or, is there? And, … since inflation is likely but an effect, a symptom; the real question might should be, “What are the causes of inflation?” It is always better to address the cause rather than the symptom, is it not? Sometimes, in hard times when there isn’t enough money to go around, in an effort to...

Infidel753: No complacency after the election Democrats have every right to celebrate the results of this month’s election.  The red wave fizzled out.  The Republicans took the House majority by only a tiny margin, which will be rendered unworkable by their own flaming-nutball fringe.  Democrats held the Senate and will probably get to 51-49 after the Georgia runoff.  Election denialists lost almost every race, and except in Arizona, there has...

from Asad Zaman The prescriptions of Development Economics were applied to generate growth in Pakistan in the 1960s by a group of expert economists from Harvard. As already discussed, these theories focus on the accumulation of capital, rather than the lives of human beings. Pakistani economist Mahbubul-Haq saw through the mathematical formulations to the heart of the strategy proposed for growth. He wrote: “ It is well to recognize that economic growth is a brutal, sordid process....

Ο Γραμματέας του ΜέΡΑ25 Γιάνης Βαρουφάκης εκφράζει τη στήριξη του ΜέΡΑ25 στον Δήμαρχο Πατρέων...

 Will economic policy change much aa a result of the midterm elecrtions? After all, the GOP has taken the House of Representatives, if only narrowly, with inflation and the economy supposedly the top issue, especially for those supporting the GOP. Will this reappearance of "divided government" have an impact on economic policy? My bottom line is probably not too much, although there is the serious possibility of some major drama and damage happening during this coming year.On the matter of...

US policies have set in motion de-dollarization, but that will take a long time, and the outcome may be surprising to many. 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....

Ο Γραμματέας του ΜέΡΑ25 Γιάνης Βαρουφάκης στο κεντρικό δελτίο ειδήσεων του IONIAN TV για το νομοσχέδιο...