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Here’s a quick one for my friends still on Twitter. There is a new policy against promotion of alternative social platforms . If you have not moved to Mastodon yet, do it now. It will be much easier to use tools to make the move now, while many in your Twitter social graph are still … Continue reading Twitter now prohibits links to other social networks →

Machete attack in NYC Confetti rained at midnight in Times Square as revelers greeeted the new year. The crowd was a sign of a return to normal, perhaps, depending on what happens with the latest Covid variant. Earlier in the evening, however, something darker occurred nearby. Commissioner Keechant Sewell said in an early morning press conference that a man wielding a machete attacked a group of city police officers just after 10 p.m. near a security checkpoint for the New Year’s Eve event. The 19-year-old struck several officers in the head before he was shot in the shoulder, wounded, and apprehended by officers. Three officers were hospitalized and in stable condition, one with a head fracture, another with a severe laceration. Reporting is preliminary, but the attack is under investigation to determine whether it fits a terrorism profile (CNN): The FBI, NYPD and Joint Terrorism Task Force are investigating, officials said in an early New Year’s Day joint news conference. “I want to be very clear … there is no ongoing threat,” said Mike Driscoll, the FBI assistant director in charge of the New York field office.

A brief recap before the storm The White House wants to remind you what Democrats got done last year. Maybe because unless the GOP self-destructs the Biden administration’s ability to be loud and proud has a short half-life. I know someone needing the shingles vaccine. As of today there is no cost for those covered under Medicare Part D. If eligible, get vaccinated. Here is one benefit that slipped by me. We’ll see how much more Biden can get done in 2023 with a hostile, Republican-controlled House obsessed with investigating Anthony Fauci and Hunter Biden’s alleged laptop. Jeffrey Billman of Informed Dissent cautioned that we’re looking at two years of Benghazis because “when you elect clowns, you get a circus.” It will be a clown show or a horror show, one way or another. Update: Forgot to link to this Guardian longer review of more good news from 2022.

I was asked to read my Conversation article, that was also republished by the ABC and The New Daily, for an episode of the Climactic podcast. https://omny.fm/shows/climactic-1/warwick-smith-stay-in-the-doughnut-not-the-hole-ho/embed

from Dean Baker I was having an exchange with an old friend on Mastodon (yes, I’m there now @deanbaker13@econtwitter.net), in which I was arguing that the best way to get alternatives to the current patent system was to have examples of successful drugs developed without relying on patent monopolies. Of course, there are great historical […]

from Lars Syll Post Keynesian authors have offered various classifications of uncertainty … A common distinction is that of epistemological versus ontological uncertainty, with the former depending on the limitations of human reasoning and the latter on the actual nature of social systems … Models of ontological uncertainty tend to hinge on the existence of information that is critical […]

The EU-commission issued a tweet (below). Another step towards EU statehood. A large one. Since around 1500, access to credit was key for European (later: all) states waging war. The early development of central banks was intertwined with the history of national wars. Look here for the Wikipedia page on the history of the Bank […]

  real-world economics review  Please click here to support this journal and the WEA  Issue no. 10218 December 2022 download whole issue Ecological Economics in Four ParablesHerman Daly          2 The Paradigm in the Iron Mask: Toward an Institutional Ecology of Ecological EconomicsGregory A. Daneke         16  The Towering Problem […]

from Lars Syll In econometrics one often gets the feeling that many of its practitioners think of it as a kind of automatic inferential machine: input data and out comes causal knowledge. This is like pulling a rabbit from a hat. Great, but as renowned statistician David Freedman had it, first you must put the […]

from Dean Baker The idea of industrial policy has taken on almost a mystical quality for many progressives. The idea is that it is somehow new and different from what we had been doing, and if we had been doing industrial policy for the last half-century, everything would be better. This has led to widespread applause on […]