…index of economic well-being should consider: current effective per capita consumption flows; net societal accumulation of stocks of productive resources; income distribution; and economic security. Seen against this backdrop one…

Foreigners Still Buying US Assets Today the US Treasury released the latest statistics on international capital flows into the US, covering the month of November 2003. It shows a few…

…to high US interest rates, and the cut-off of international capital flows which have been keeping us afloat for the past decade. It will not be pretty. Crossposted at Fester’s…

…a trade deficit, the US would (by definition) no longer be attracting net capital flows. All of the money that is currently flowing into the US to purchase US assets…

…make a difference, especially to those of us on the margins of society. To put it inelegantly, we live in a society where the sewage flows downhill, and those on…

…a revealing comment about data flows. Like most consumer groups, this particular company is currently spending a lot of money to monitor its customers with big data. But it is…

…and to capital. But how does labor use its money? How does capital use its money? I divided the use of the income into the standard variables of the national…

…export promotion than import substitution. Increased international trade flows (at least through 1984) have been associated with increased employment in high-wage U.S. manufacturing industries relative to low-wage U.S. manufacturing industries….

…“demand.” The problem is perhaps best revealed here: Aggregate actual nominal income equals aggregate expected nominal income plus amount of new money created by the banking system minus increase in…

…in the government’s cost of money leaves a hefty profit on defaults, and in fact shows that the government makes more money on defaults than loans which remain in good…