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Tuesday, December 27, 2016

Cecchetti & Schoenholtz — China's Awkward Exchange Rate Regime

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Float that sucker. Perhaps the best way for China to counter President-elect Trump’s outdated claims of manipulation would be to let the ...

Consumer Confidence 15 year high

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This is plowing over some substantially high time periods over the last 15 years. Probably correlates to the last time we had a long perio...
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Bill Mitchell — Moving on from the post-modernist derailment of the Left

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“The linguistic construction of post-capitalist hegemony opens a space for the engendering of the public sphere”. Sounds ominous and deep. ...
Monday, December 26, 2016

The Guardian — Corbyn hits back after Obama suggests Labour is 'disintegrating'

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More evidence that President Obama and the New Democrats have lost the plot. Outgoing US president suggests in interview he is not worri...
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Back to the Future: From the USSR to the Eurasian Century

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Get ready, because the thick of the action starts now. Sputnik International Back to the Future: From the USSR to the Eurasian Century Pe...

Michael Jabara Carley — A Loser's Malice: What's Behind Obama's Attacks On Putin

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Some "fake news." Zero Hedge A Loser's Malice: What's Behind Obama's Attacks On Putin Michael Jabara Carley
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Matias Vernengo — History of Central Banks Tutorial - Before Central Banks II

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Naked Keynesianism History of Central Banks Tutorial - Before Central Banks II Matias Vernengo | Associate Professor of Economics, Bucknell ...

John Muellbauer — Macroeconomics and consumption: Why central bank models failed and how to repair them

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Good analysis of why central bank models fall short based on overly restrictive assumptions and failure to include key factors in the par...

Matias Vernengo — History of Central Banks Tutorial - Before Central Banks

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Short account of the conditions that led to the development of central banking. First in a series on central banking. Naked Keynesia...
Sunday, December 25, 2016

Tom O'Connor — Syrian Christians Celebrate Christmas Festivities In Aleppo

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Social media users this week shared pictures and videos of Christians celebrating Christmas festivities in western Aleppo for the first tim...

Alanna Ketler — Pope Francis: Capitalism is “Terrorism Against All Of Humanity”

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Pope Francis doubles down for Christmas. Once again, Pope Francis has made global headlines, shocking reporters late Sunday after blaming...
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Michael Roberts — The system is broken

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While Skidelsky’s arguments have more than an element of truth about them, he does not really explain why mainstream economics has become d...
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Timothy Taylor — Charles Dickens on Seeing the Poor

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Economists might also wince just a bit at the reaction of some economists to poverty, who Dickens calls "the unreasonable disciples of...

Gary G. Kohls — A Christmas Message of Peace

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On Christmas Eve, 102 years ago, one of the most unusual aberrations in the bloody history of the organized mass slaughter that we call war...

Nassim Nicholas Taleb — No, Jesus was not a “NonWhite” refugee who would have voted for …

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Setting the record straight. Taleb distinguishes Mediterranean peoples from interior peoples.  So Southern Europeans are differentiated f...
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Saturday, December 24, 2016

James Kwak — Kudlow and Economics in the Trump Administration

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Title should be Larry Kudow and economism. I prefer G. W. H. Bush's "voodoo economics." It seems some people never l...
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Anatole Kaletsky — The Crisis of Market Fundamentalism

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Every once in a while Project Syndicate publishes a good one. Take that, Hayek. On the historical dialectic of economics and politics. ...

Branko Milanovic — A short note on Skidelsky’s interpretation of Schumpeter

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Why do we have this “problem” with Schumpeter? Because in his own work, Schumpeter shows a duality, or even a contradiction, between his of...
Friday, December 23, 2016

Bridgewater's Ray Dalio having software designed to model his brain. Great. Isn't there enough junk economics out there already?

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Don't we have enough "modeling software" that spews out junk economics? Ray Dalio runs the world's largest hedge fund...
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Thursday, December 22, 2016

Edward Harrison — More on the coming trade war with China

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Well, if we have to have war, I'd rather it be a trade war with China rather than a real war with Russia, which was in the cards with H...
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More on the Accounting

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John Harvey (MMT in paradigm) takes issue with the confusion surrounding the govt exclusive use of the Modified Accrual basis of  accountin...
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Wednesday, December 21, 2016

State of the Nation

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Zero Hedge Baby Boomers Increasingly Having Social Security Checks Garnished To Cover Student Loan Payments The Obama 'Recovery': Nu...
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Russ Baker — Trump and the Bushes — the New Guy and the Old Guard Dance

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And now, notwithstanding the tremendous enmity between the Old Money clan and the semi-new money guy, the Bushes and their allies and fello...
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George Eliason — Russia Hacking the Election the Inside Story

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We know by now that Alexandra Chalupa was the person in charge of the Democratic National Committee’s “ethnic outreach” efforts. According ...
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Poll — Majority of Dems want 'someone entirely new' to run in 2020

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A majority of Democratic and independent voters want an entirely new name to compete for the Democratic Party's 2020 presidential nomin...
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Clifton Leaf — The Business of Humanity

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Is capital waking up? Fortune The Business of Humanity Clifton Leaf

macromon — World Current Account Balances (CAB)

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We have ranked the world’s 2016 Current Account Balances (CAB) by country from largest deficit to largest surplus in the ginormous table be...

Bill Mitchell — It is just ridiculous to starve public investment funding

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On Monday (December 19, 2016), my blog – US central bank decision to raise interest rates doesn’t make much sense – examined the recent in...
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David Fields — Review of Keynesian Economics: Free-access articles

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Free is good. Several articles of interest for those interested in MMT and monetary economics. Lot of of other things that may be of interes...
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More on National Balance Sheets

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More on debunking the "govt is same as a firm!" or "govt is same as a household!" rote falsehoods. Magpie's As...
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