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Created
Mon, 16/02/2026 - 01:38
The link between income distribution and aggregate demand is central to post-Keynesian and heterodox economics, yet largely sidelined in mainstream policy debates. The logic is simple: lower-income households have a higher marginal propensity to consume than the wealthy. An extra euro in the hands of a poorer household is mostly spent; in the hands of […]
Created
Sun, 15/02/2026 - 17:50
~by Sean Paul Kelley So, Marku asks: But aren’t most of those contracts never expecting to take physical delivery? Just gambling, er excuse me, investment hedging? Or is the problem that given that Comex price is under the real, that all those contracts *want* to be exercised in delivery so they can arbitrage to China […]
Created
Sat, 14/02/2026 - 21:50
In The Book of Why, Judea Pearl puts forward several compelling reasons why the now so popular causal graph-theoretic approach is to be preferred over more traditional regression-based explanatory models. One reason is that causal graphs are non-parametric and therefore do not need to assume, for example, additivity and/or the absence of interaction effects — […]
Created
Sat, 14/02/2026 - 05:57
POTUS Trump’s Religious Liberty Commission is tearing itself apart in a fight about zionism. The leading dissident, Carrie Prejean Boller, the 2009 Miss California USA is a right-wing Catholic who picked a fight with zionists at a meeting of the Commission. Here’s how NBC describes the dust-up: A member of the federal Religious Liberty Commission […]
Created
Sat, 14/02/2026 - 05:09

Today’s High Court decision that the proscription of Palestine Action as a terrorist organisation is disproportionate and unlawful is a welcome victory for the whole Palestine movement. It is also a humiliating defeat for a Labour government marked by authoritarianism and repeated attacks on civil liberties. Yvette Cooper, Home Secretary when the ban was introduced, […]

Created
Sat, 14/02/2026 - 04:14

An attendee told The Grayzone that oil industry heavyweights were less excited about Trump’s Venezuela policy, privately complaining about the President’s aggressive push to restart their operations. When the American Petroleum Institute (API) gathered oil industry leaders and lobbyists for a “State of American Energy” summit on January 16, 2026, the geopolitical landscape seemed to be shifting dramatically in their favor. However, an attendee of the resource extraction cartel’s most important annual lobbying conference told The Grayzone that participants privately grumbled about […]

The post Iran war described as ‘biggest opportunity’ at US oil lobby’s DC summit first appeared on The Grayzone.

The post Iran war described as ‘biggest opportunity’ at US oil lobby’s DC summit appeared first on The Grayzone.

Created
Sat, 14/02/2026 - 00:05
I’m not a Rawlsian, though I would admit to certain affinities, and, indeed, I’ve used the device associated with Rawls (though not invented by him) of the veil of ignorance in my own work. But when I disagree with Rawls, I hope I at least take the trouble to get him right. Sadly, one can’t […]