I was about to write a post about a Supreme Court opinion issued today, but made the mistake of checking my emails first–and saw this: Wayne Pacelle, Humane Society of the United States <[email protected]> Today at 2:08 PM To Beverly Mann Message body Hi Beverly, you have a chance to see this message from Tuesday? The cruelty […]

Great Rendition

Awesome!

From feedback, I need to write a better post about the AS-ED model. Thanks for the feedback from Coberly, Arne and David at CEPR. (link to previous post) This post presents what could be a huge breakthrough in understanding the business cycle. Banks and central banks should take notice here. Model of Effective Demand Figure […]

In its report on “The long-term decline in prime-age male labor force participation,” President Obama’s Council of Economic Advisers writes: Conventional economic theory posits that more ‘flexible’ labor markets—where it is easier to hire and fire workers—facilitate matches between employers and individuals who want to work. Yet despite having among the most flexible labor markets […]

Olivier Blanchard is criticizing the Aggregate Supply-Aggregate Demand model… “Turning to the supply side, the contraption known as the aggregate demand–aggregate supply model should be eliminated.” (link) Let me show you something good… I am the only one in the world using this model of Effective Demand with Aggregate Supply… What you are looking at […]

Words fail. Literally. By which I mean ‘literally’. Open thread: Somebody has to have apposite words.

With the temperature reaching 120 degrees here today in Phoenix (almost a record), allow me to have a little fun with my theoretical model of Effective Demand. There are two equations in my effective demand research that will be integrated in this post. First the Effective Demand equation… Effective demand limit upon real GDP = […]