The Final End Of The As-Is/Red Line Agreement In London yesterday visiting Saudi Crown Prince, Mohammed bin Salman (MbS) allowed the signing of a set of trade memoranda with various British companies, including buying Typhoon aircraft, and many other things, 18 such deals, although some sources say only 14, total value maybe about $90 billion, […]
Basil Moore dies I have just learned that prominent Post Keynesian economist, Basil Moore, died yesterday. I do not know of what or how old he was, although he retired over a decade ago. He is best known as the author of Horizontalists and Vericalists, in which he strongly argued for the endogeneity of money. In more recent […]
by Joseph Joyce Not All Global Currencies Are The Same The dollar may be the world’s main global currency, but it does not serve in that capacity alone. The euro has served as an alternative since its introduction in 1999, when it took the place of the Deutschemark and the other European currencies that had […]
As taken from the comments section. EMichael’s commentary on temperature and its impact. Interesting. “Air conditioning has changed demographics, too. It’s hard to imagine the rise of cities like Dubai or Singapore without it. As residential units spread rapidly across America in the second half of the 20th century, the population in the “sun belt” […]
Cochrane Fails to Make His Case for the Trump Tax Cut Again John Cochrane recently noted: Stock Buybacks Are Proof of Tax Reform’s Success… A short oped for the Wall Street Journal here on stock buybacks. As usual, they ask me not to post the whole thing for 30 days though you can find it […]
(Dan here…Better late than never!) A thought for Sunday: the march of demographics and the 2018 midterms Below is a graph showing that the older the demographic (up until age 80), the bigger the turnout during midterm elections. The data behind this graph isn’t just from 2014, but from a series of midterm elections over time […]
Jeffrey Sachs on Trump’s Trade Fallacies I heard on some news show an incredibly stupid statement from our President earlier today and in utter disbelief fired off this comment on some blog: Trump equates our trade deficit with us being ripped off. Let’s do this as a simple example. You walk into Best Buy and […]
Eastern Economic Association Conference So, I returned late last night from Boston where I presented three papers at the 44th Eastern Economic Association conference. Only about 70% of those preregistered made it due to weather, with airport and train station both closed on Friday, first full day of conference. One of those who did not […]
Saudi Crown Prince Tortures Fellow Princes A new report by Hugh Miles at Middle East Monitor, Is the “Saudi Elite Cannibalizing Itself?” by Juan Cole, reports the recent purge of supposedly corrupt princes and high officials was (and continues to be) much more horrendous than previously reported, which I fear does not surprise me. Apparently […]
(Dan here…I am always looking for new writers that might make a good fit for AB. Cactusman is in the field of behavioral economics in the private sector. I know that the topic of climate change is a hot one here, but remember this is his first here…) by Cactusman Climate Change and Environmental Frames: The […]