…over from income after taking out net taxes, consumption and imports. The solver function asks for a target value. Target value is setting GDP $56 billion greater than GDI. GDI…

…effective labor share) * real GDP/value of capital goods This equation is simply based on the equation for capital share of income… Capital share = profit rate * capital goods/real…

…the central point of James Galbraith’s critique of the book: First, he conflates physical capital equipment with all forms of money-valued wealth, including land and housing, whether that wealth is…

…your mother, or the value of a college education for your kid, or the value of (you or someone else) buying a third or fourth Lamborghini. So we’re simply going…

…value. $9 billion in cash. Bullshit to cash ratio: 44.4% July 2014 Citigroup mortgage settlement over misrepresenting residential mortgage backed securities. $7 billion headline value. Cash portion $4.5 billion. Bullshit…

…rather than the nominal value, which overstates the value of multi-year subsidies such as those for Tesla. Moreover, as Good Jobs First points out, it is perfectly necessary for taxpayers…

…is monetization of the debt in which the Fed creates enough dollars to pay it, but the dollar loses its value. Another way to understand this is to note that…

…some of these calculations. The red curve graphs cumulative gross “output” and green curve subtracts the value of foregone leisure and the pain cost of fatigue and wear and tear…

…of income related to, let me quote the following that notes a range of views out there. “What really is capital and what does it mean for value, growth, and…