Listening to politicians talk about the UK energy crisis is like watching bald men fighting over a comb. None of them get to the root cause - a shortage of natural gas. When you take an MMT view, that’s where you start.
Reading
Found some copies of my classic Pearl Jam posters and just put them up on my site for sale. You can find them here
U.S. neighborhoods can be placed into five groups based on residents’ education and race. How do those neighborhoods vary by economic outcomes?
Ruskin scholar Jeffrey Spear, author of “Dreams of an English Eden: Ruskin and his Tradition in Social Criticism,” discusses how the insights of a key 19th-century thinker can help us build a new paradigm for protecting the planet – and save us from ourselves.
Since I first wrote about the Victorian art and social critic John Ruskin, economics, and the environment over 40 years ago, the foreboding cloud of ecological disaster then on the horizon has become experiential climate change. Human activity has initiated the 6th great extinction in the planet’s history threatening at least 25% of Earth’s species and, if not humans as a species, certainly the ethos of perpetual economic and population growth dependent on fossil-derived fuels and chemistry.
Everyone at INET is saddened by the news that our colleague Lance Taylor passed away on Monday, August 15th, 2022. His loss leaves a giant hole in our hearts as well as in the field of economics. His talents and achievements were prodigious and we will miss his cheerful and inspiring presence. Words help little on such occasions, but we would like to extend our condolences to his wife Yvonne, and his children Signe and Ian.
To commemorate his contributions, here are a few noteworthy articles, events, videos, and interviews by, with, or about Lance Taylor.
In Disaffected, scholar Xine Yao looks at the racial history of unfeeling. Trained as a nineteenth century Americanist, Yao, much like Lauren Berlant, shows how…
Data suggest that lending activity in variable-rate bank loans to U.S. firms responds more strongly to rising and falling benchmark interest rates like LIBOR.
If We Want Humanity to Survive, We Must Cooperate With China Nathan J. Robinson & Noam Chomsky August 15, 2022. Current Affairs. “China is our enemy,” Donald Trump declared repeatedly. “These are our enemies. These are not people who understand niceness.” Accordingly, when Trump was in office, his administration “took a sledgehammer” to U.S.-China relations, which “reached their […]
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.
In this Women in Economics Podcast episode, Catherine Mann shares how data led her to a career in economics and the importance of mentorship in the field.
This week’s Sunday cartoon (above) says it has 11 Secret Symbols but I just
created an answer key for it and I see that it has 12. Sorry about that.
by Fred Block* John Vail has written a remarkable book about Karl Polanyi’s concept of the double movement. It is a careful exegesis of Polanyi’s argument that also puts that analysis into dialogue with subsequent scholarship in history, politics, and sociology. Vail is appreciative of Polanyi’s insights, but he is certainly not uncritical. He points […]
John talks all things TCS for 100 minutes!
.@FergusonNews asks Opposition Leader @PeterDutton_MP: What would prevent you now from taking the next step and that is backing the referendum on the Voice? #abc730 #auspol pic.twitter.com/ebAUd6uM7P — abc730 (@abc730) August 11, 2022 Peter Dutton is a human being. That’s … Continue reading
You Are Being Lied to About the IRS
The IRS is set to receive its largest funding increase in years thanks to the Inflation Reduction Act.
You know who should be worried about this?
Wealthy Americans who dodge taxes.
That’s how hot North America, Europe, Africa and parts of Asia were in early July.
From the Earth Observatory release:
The Real Motive Behind the GOP’s “Culture War”
Both are trying to distract attention from the economic looting by their respective oligarchies.
Vladimir Putin has been blasting so-called "cancel culture.”
This was his third “cancel culture” rant in recent months. It’s the same imaginary crisis that Trump and the GOP have been ranting about for several years.
Tucker Carlson, one of Fox News’s most infamous personalities, accuses liberals of trying to cancel all sorts of things.
How Corporations are Using Inflation to Take Your Money
Inflation is a cover corporations are using to squeeze more money out of you. But as I’ll explain, there are five things we can do to fight back.
Corporations are using inflation as an excuse to raise their prices, hurting workers and consumers while they enjoy record profits.
Prices are surging – but let’s be clear: corporations are not raising prices simply because of the increasing costs of supplies and labor. They could easily absorb these higher costs, but instead they are passing them on to consumers and even raising prices higher than those cost increases.
Corporations are getting away with this because they face little or no competition.