Setting the record straight. New Keynesianism (typified by Paul Krugman) is not Keynes, nor is it a faithful rendition of John Hicks either.
Lars P. Syll’s Blog
Hyman Minsky and the IS-LM obfuscation
Lars P. Syll | Professor, Malmo University
Reading
The New Silk Roads, or BRI, as well as the integration efforts of BRICS+, the SCO and the EAEU will be on the forefront of Chinese policy.Strategic Culture Foundation (sanctioned by the US Treasury Department)
Can You Smell What the Year of the Rabbit Is Cooking?
Pepe Escobar
~ Today's Water Cooler ~
I understand that change is hard and that for many people transgender issues are confusing. (I’m not sure why, exactly, it’s not like it’s new. I knew transgender people back in the 70s…) The apparently desire among the right wing to cause harm to transgender people, ostracize them, discriminate against them — especially those who have turned it into a culture war crusade for cynical political purposes — is making me sick. And the fact that they feel the need to lie about constantly tells you everything you need to know: On Jan. 11, 17-year-old Rebecca Phillips approached the lectern at a sparsely attended city council meeting in Santee, a suburb of San Diego, California. No item on the agenda brought her to city hall that night. Instead, she tearfully recounted how a local YMCA had followed state law and company policy by allowing a transgender woman to use the same locker room that she did. She had no contact with the woman and claimed only to have seen her, but the experience left her “terrified,” she said.
Total US arms transfers for fiscal 2022 topped $50 billion, up nearly 50 percent from prior year.
"Winning bigly." MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex), that is.
Breaking DefenseBoston University economics professor Perry Mehrling discusses his recently released INET book, in collaboration with Cambridge University Press, "Money and Empire," which chronicles the life of Charles P. Kindleberger and how he helped shape the emerging global dollar system
Transcript
Rob Johnson:
If only there was not cause, thought the man, for the boy to accompany him here. To this place of commerce. But as the woman reminded him two hours prior, when she dropped off the boy in her Chevy Silverado, it was his weekend.
The man grasped the boy’s hand tightly as they made their way across the asphalt expanse of the parking lot. Their breath spiraled from their lips like plumes of smoke. Ghosts of a burned encampment. The frost had come early this year.
Mind your haste, said the man. He felt the boy’s hand quivering within his own like a hare on the verge of bolting into the brush. The man did not wish to crush the spirit of the boy. But the Crossing was treacherous.
They stopped at the bonewhite lattice of the crosswalk, vigilant for the halogen eyes of oncoming vehicles.
Where do we look?
Both ways, said the boy.
Which ways?
Right and left.
Good, said the man. Right and left. Never back. No good comes of that.
It is self evident that the US: China relationship – with Taiwan at its core – will be the most pressing strategic issue for Australia in 2023. But the volumes of military planning effort, think tank hours, media commentary and the like have added to the uncertainty rather than clarified the scene – beyond a Continue reading »
The rallying call of the Western democracies to form a united front against those who dare to challenge their supremacy has always been “common values”. Our hearts burst with pride and gratitude to think that we have the freedom of speech, of assembly, of dissent and other such privileges that those in other systems do Continue reading »
As federal Treasurer Jim Chalmers ponders the future of Australia’s Productivity Commission (PC), calls for its reform or even abolition have grown louder. Anyone following the media commentary might have the impression that its recommendations have been steadfastly ignored by government for the last two decades. But it’s arguable that the PC and its predecessor Continue reading »
In 1996 Paul Keating said, “when you change the Government, you change the country”. Nothing could be truer as the Albanese Government goes about implementing a far reaching, some might say radical agenda, particularly as it relates to many of Australia’s most marginal and disadvantaged. Since the federal election in May last year, we have Continue reading »
In the wake of Russian President Vladimir Putin’s announcement of a “special military operation” in Ukraine, Central Asian countries, including Kazakhstan, have been reevaluating their foreign policy. These nations are seeking to strike a balance between their relationship with Russia and their engagement with other countries and international organisations. Central Asian countries, including Kazakhstan, have Continue reading »
As the West throws the whole shebang at Moscow, the world’s largest country faces a moment of truth. Predicting the course of political events during particularly volatile periods, such as the one we entered a year ago, is a thankless and meaningless endeavour. Yet in such times, there’s both a need and an opportunity to Continue reading »
Christopher Steele is concerned his dossier on Donald Trump’s Russian connections was held up at the FBI Office whose head of Counter Intelligence has been indicted for working with one of Putin’s most powerful oligarchs
2023 looks set to bring most of the world into recession, and the UK is expected to be hit particularly hard. At the global level, the biggest risk is a massive cost of living crisis, driven by the uneven recovery from the pandemic and a host of supply chain issues that still haven’t worked themselves […]
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First told to an 8-year-old who pretended not to laugh.
Today's News:
What else is new? Charles W. Cooke at National Review skewers Trump, saying he “has completely lost his grip on reality.” (Did he ever have it?) Needless to say the MAGA cult could not care less what National Review says about their hero. There was a point in time at which Trump’s unusual verbal affect and singular nose for underutilized wedge issues gave him a competitive edge. Now? Now, he’s morphing into one of the three witches from Macbeth. To peruse Trump’s account on Truth Social is to meet a cast of characters about whom nobody who lives beyond the Trump Extended Universe could possibly care one whit. Here in the real world, the border is a catastrophe, inflation is as bad as it’s been in four decades, interest rates have risen to their highest level in 15 years, crime is on the up, and the debt continues to mushroom. And yet, safely ensconced within his own macrocosm, Trump is busy mainlining Edward Lear.
52 Pages of A Happy Pocket!
A No to Nato rally at Conway Hall on 25 February, at which I was due to speak, has been cancelled after the venue received threats and abuse online that made them concerned both for staff safety and for funding. This is just another symptom of the serious threat to free speech in modern society. […]
The post Intolerance appeared first on Craig Murray.
The Board of Officers of the American Philosophical Association (APA), at its Fall 2022 meeting, elected R. Lanier Anderson (Stanford) as its next Chair. The term of current Board Chair Dominic McIver Lopes, concludes at the end of this June, at which point Dr. Anderson will take up the position. Dr. Anderson, the APA notes in a press release, was member-at-large of the APA board of officers from 2018 to 2021; he has also served on the APA finance committee, the Pacific Division nominating committee, and the Pacific Division program committee. Anderson was executive director of the North American Nietzsche Society (NANS) from 2015 to 2021, and chair of the NANS program committee from 2004 to 2021; a member of the American Council of Learned Societies (ACLS) and Fulbright Program screening committees; and Senior Association Dean for the Humanities and Arts at Stanford University. He is a member of the American Society of Aesthetics and the North American Kant Society, as well as a member of the editorial boards of the European Journal of Philosophy, Journal of Nietzsche Studies, Nietzsche-Studien, and Stanford Encyclopedia of Philosophy. Dr.
Story details are today revealed for the first of two full-cast audio dramas released to celebrate International Women’s Day 2023. A Ghost of Alchemy, written by and starring Louise Jameson (as Leela) is the opening story in a brand-new box set celebrating incredible Doctor Who heroines, The Eighth of March: Strange Chemistry. Based on real-life […]
The post BIG FINISH: Louise Jameson stars in The Eighth of March release for 2023 appeared first on Blogtor Who.
The third season for Jon Pertwee’s Third Doctor is the next release to come to Blu-ray with Season 9. Across an action-packed twenty-six episodes of Season 9, the Doctor (Jon Pertwee) and Jo (Katy Manning) face off against Daleks, Ogrons, Sea Devils, Ice Warriors, Mutants and their old enemy the Master (Roger Delgado). Joining them in their adventures are the UNIT team of Brigadier […]
The post DOCTOR WHO: The Collection: Season 9 coming soon appeared first on Blogtor Who.
As a young research stipendiate in the U.S. yours truly had the pleasure and privilege of having Hyman Minsky as a teacher. He was a great inspiration at the time. He still is. The concepts which it is usual to ignore or deemphasize in interpreting Keynes — the cyclical perspective, the relations between investment and […]
Let people know whom to blame when the GOP strangles the recovery Democrats should promote the hell out of the Biden recovery (Washington Post): The U.S. economy grew by 2.1 percent in 2022, notching six months of solid growth despite widespread concern that the country might be on the brink of a recession. Those fears have been assuaged — at least for now. The economy posted another consecutive quarter of steady expansion between October and December, with economic activity increasing at a 2.9 percent annual rate. Consumer spending contributed to the strong fourth-quarter showing, especially given the slumps in large parts of the economy, including housing and manufacturing. Admit weak spots where they exist (inflation is coming down, but is still too high), but trumpet the upsides. The GOP would even in a downturn. “You may see [growth] and think the economy is out of the woods, but that would be entirely the wrong read,” said Joseph LaVorgna, chief economist at SMBC Nikko Securities America who expects a recession midyear. “There are a lot of variables that are all pointing in the same direction: There’s a housing recession.