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John Maynard Keynes (1930) asserted that the central bank sways the long-term interest rate through the influence of its policy rate on the short-term interest rate. Recent empirical research shows that Keynes's conjecture holds for long-term Treasury yields in the United States.
In a new book, Alligators in the Arctic and How To Avoid Them, Peter Dorman shows how flawed academic models, faulty assumptions and unrealistic schemes grossly underestimate what’s needed to stop catastrophic warming. He argues for a straightforward carbon emission budget – plus the active citizenship required to fight big businesses that want to keep doing business as usual. Lynn Parramore explores his findings and talks to the economist about the path forward.
All aboard! We’re hopping a time capsule to travel 56 million years back in Earth’s history. You are entering the time when dinosaurs have gone and curly-tailed early primates share the world with humongous flightless birds. The air is sultry, the landscape lush with feathery ferns and swaying palms. Alligators bask on rocks in the sun. It’s getting pretty steamy; you’re wishing you’d packed a swimsuit.
Surprise! You’re in the Arctic Circle.
I was passed a link to the paper “Exchange Rate and Inflation under Weak Monetary Policy: Turkey Verifes Theory” by Gürkaynak, Refet S. and Kısacıkoğlu, Burçin and Lee, Sang Seok.
Those of us who find it strange that a country should be deeply shocked by the death of a ninety-six-year-old woman must remind ourselves that it is a crime in England to let your thoughts dwell on the death of the monarch. The Treason Act of 1351, still in force, makes clear that this most […]
The post The Two Elizabeths appeared first on The New York Review of Books.
The pandemic spurred firms to stockpile inputs in an attempt to avoid the risks of just-in-time delivery. Yet inventory mismatches remain widespread. Why?
RALPH NADER RADIO HOUR EP 465 TRANSCRIPT, September 17, 2022. Tom Morello: I’m Tom Morello and you’re listening to the Ralph Nader Radio Hour. Steve Skrovan: Welcome to the Ralph Nader Radio Hour. My name is Steve Skrovan, along with my co-host, David Feldman. Hello, David. David Feldman: Hello, Steve. Steve Skrovan: And of course, it’s Continue Reading
The post On the Federal Reserve with Ralph Nader first appeared on Michael Hudson.
Here’s my latest piece for The Los Angeles Times:
As always, if you find value in this work I do, please consider helping me keep it sustainable by joining my weekly newsletter, Sparky’s List! You can get it in your inbox or read it on Patreon, the content is the same.
Bogotá’s care blocks program, part of a “feminist urbanist” agenda, addresses women’s labor in the care economy. With Colombia’s new leftist government, the scheme could go national.
The majority of economic indicators that the NBER Business Cycle Dating Committee tracks to identify U.S. recessions are still showing growth. How have these measures behaved around past recessions?
Olive Oyl and I have a couple of good things to report this week. For
starters, we adopted a terrific dog that we’ve fallen in love with.
This post was written for and originally published by the Institute of Network Cultures as part of the Dispatches from Ukraine: Tactical Media Reflections and Responses publication. It also benefited from copy editing by Chloë Arkenbout, and proofreading by Laurence Scherz.
Tackling disinformation and misinformation is a problem that is important, timely, hard… and, in no way new. Throughout history, different forms of propaganda, manipulation, and biased reporting have been present and deployed — consciously or not; maliciously or not — to steer political discourse and to goad public outrage. The issue has admittedly become more urgent lately and we do need to do something about it. I believe, however, that so far we’ve been focusing on the wrong parts of it.
Adding some live drums to the song Slippery Friction
We have been working on a song idea we came up with during a live-stream songwriting session tentatively called "Slippery Friction
Want to kill the oil industry? Just enforce its obligation to cleanup old wells.
The post How to Make the Oil Industry Go Bust appeared first on Economics from the Top Down.
In a remarkable and impassioned speech to the UN General Assembly, Colombia’s President Gustavo Petro had this to say: Behind the bonfires that burn it, behind its poisoning, there is […]
In this must-see video, Robert Reich makes the fossil-fuel connections between standing up to Putin and saving the Earth’s climate: Source: https://www.youtube.com/watch?v=TKn69ho9kFc
This is the context of that particular fragment of Vladimir Putin’s announcement:
They [Washington, London and Brussels] have even resorted to the [sic] nuclear blackmail. I am referring not only to the Western-encouraged shelling of the Zaporozhye Nuclear Power Plant, which poses a threat of a nuclear disaster, but also to the statements made by some high-ranking representatives of the leading NATO countries on the possibility and admissibility of using weapons of mass destruction – nuclear weapons – against Russia.
by Brian Czech
If you call yourself a “conservative” these days, what does that tell us? Or, what is it supposed to tell us? Does it mean you’re a Republican, a Tory, or a member of the largest party in the democratic world, the Bharatiya Janata Party? Must you be a particular brand of partisan—maybe a MAGA Republican or a Modi भक्त—to wear the conservative hat?
What about your faith?
The post Conservatives and the Steady State Economy: A Natural Fit appeared first on Center for the Advancement of the Steady State Economy.
We've been doing live streams of our songwriting sessions from our studio on our Twitch channel. We just turn on the camera and try out ideas and see where they take us.
Here is a clip from one of those sessions we posted to our YouTube Channel.
Trying to write a theatrical bridge part (Live Stream Clip)
It needs something?
We have a theme song that we've been working on for a film. After arranging the song it still needed something. Something in between the verse and chorus that was way different than what was going on in the song.
Cliff, Rob, and I were in the studio doing a live stream and I thought we could try and test out some ideas.