by Barkley Rosser (via Econospeak) The Tale of the Dragon Slayer The background for this tale is that I have just finished attending the 9th MDEF conference on Dynamic Modeling in Economics and Finance (actually, Modelli Dynamiche Economiche e Finanza) in Urbino, Italy. Alan Kirman was in attendance and was much frustrated (as was I) with […]
And confirms that his own position: is the same as that of Brad DeLong (et cetera.) and those of us who try paying bills [T]he [Federal Funds Interest Rate target] debate has shifted in the opposite direction as market participants weigh the possibility of a rate cut. The Fed is probably not there yet, but […]
The Supreme Court said Monday that people convicted of domestic abuse can be prevented from owning a gun, in a case that prompted the first questions from Justice Clarence Thomas in 10 years. In a 6-to-2 decision, the court said Congress had intended to keep firearms out of the hands of domestic abusers. The question […]
Watching the videos of Anwar Shaikh, He presented an idea relating inflation to the net profit rate. Net profit rate = Corporate profit rate – effective Fed rate His view is that inflation will occur when the profit rate is squeezed by the base Fed rate. When net profit rate is low or even negative, […]
Recently I found the work of Anwar Shaikh. His views on economics are the most insightful and thorough I have ever seen. He is questioning and re-formulating economic theories through history. He is arriving at conclusions that are more realistic and integrative. He should lead the way to how economics should be taught in the […]
From Ecowatch: On June 24, foreign oil company TransCanada filed a lawsuit against the U.S. under NAFTA, the North American Free Trade Agreement, arguing that the U.S. rejection of the Keystone XL pipeline violated NAFTA’s broad rights for foreign investors by thwarting the company’s “expectations.” As compensation, TransCanada is demanding more than $15 billion from […]
… all the fuss about Brexit is about, given that now more people will visit Turnberry, Scotland to golf. Or maybe not. Although that push to repeal Dodd-Frank may save us all from another economic crisis! ____ Okay, seriously, I think that contrary to the immediate CW, Brexit will actually hurt Trump, not help him. This […]
“If, as a result of Brexit, the economy crashes it will not vindicate the economists, it will simply illustrate once more their failure.” — Ann Pettifor You can see immigrants. You can’t see NAIRU or flexible labor market policies. Most people wouldn’t know a NAIRU from a Nehru jacket and have probably never heard of flexible […]
After almost 8 years the Party of NO and me too, the Republican Party through Mr. Paul Ryan has announced its sketchy version of a national healthcare plan. There is nothing unusual (maybe I should not say this, as distortion and out-right telling lies is unusual) or earth shattering being offered in Mr. Ryan’s plan. […]