Re: Tim Duy… Brains need not explode
…* Total labor hours/Capital stock Increasing labor hours increases the profit rate. Whereas increasing the capital stock would tend to decrease profit rates. So when capital is maxing its use…
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Trilemmas and Financial Instability
by Joseph Joyce Trilemmas and Financial Instability Whether or not the international monetary trilemma (the choice facing policymakers among monetary autonomy, capital mobility and a fixed exchange rate) allows policymakers…
Wealth Taxes
…be privatized. Ideology has defeated arithmetic. Economists have to face this fact when they discuss policy. 2. Realized capital gains, restarting on inheritance and stuff. Under the current system capital…
Socially Ambivalent Labour Time VII: Capital volume 1, chapters one and three
EconoSpeak: Socially Ambivalent Labour Time VII: Capital volume 1, chapters one and three. Sandwichman, July 30, 2021 Afterword to the Second German Edition [of Das Kapital, Buch 1] (1873): I must…
Wall Street, venture capital drive high drug prices
…How Wall Street, venture capital drive high drug prices, GoozNews, Merrill Goozner This article also appeared at the Washington Monthly. The pharmaceutical industry is the great white whale of American…
The Effect of Capital Gains Tax on Investment – Appendix
In comments to my previous post, Robert requested the unsmoothed data from Graph 3. Here it is. GPDI is plotted against the Capital Gains Tax Rate. Since the Capital Gains…
Why Is Brazil Ahead of the US…fuel
…natural gas, other than the odd city bus or garbage truck in random municipalities? The answer is a simple but unpleasant one. See, we in the US would label the…
Housing Update
…considered almost risk-free because if the borrowers default, Fannie or Freddie will pay off the loans (assuming Fannie and Freddie remain solvent). Non-conforming loans go into pools known as private-label…
Oh, dear. Another loopy challenge to yet another ACA provision, this one concerning the Independent Payment Advisory Board.*
…ridiculous. But it does have the advantage of carrying with it the Madisonian Freedom/Liberty tag, a label that the Koch right confers upon anything it wishes, because that surely will…
The mindless canard stating as unexplained fact that it would be worse to expand the federal government by a third in order to accommodate single-payer healthcare insurance than it is to have private, for-profit health insurance companies playing this role instead
…political debates, is a disagreement about how far to turn the knobs when adjusting policy; it does not seem to call for a separate ideological label. That said, Mr. Konczal…