In the Footsteps of Ptolemy: The ‘Science of Monetary Policy’ and the Inflation of 2021-2023
The impenetrability of this continuously expanding Ptolemaic New Keynesian monetary paradigm is maddening.
Read more...Category Archives: Economic fundamentals
EU’s Full Gas Storage Doesn’t Eliminate Supply Risks
Filling in details on how far gas storage goes in meeting EU needs over the winter, and the other measures it uses to assure supply.
Read more...Michael Hudson: A BRICS+ Bank: How Would It Really Function?
Michael Hudson clears up some of the considerable confusion about what a new BRICS “currency” would amount to.
Read more...American Society Wasn’t Always So Car-Centric. Our Future Doesn’t Have To Be, Either.
The surprising history of the car in the U.S. offers hope for a shift toward more climate-friendly transportation options.
Read more...Crisis Risks Looming, UK Edition
While a UK crisis is not yet brewing, there are plenty of worrisome developments that could keep moving in the wrong direction.
Read more...More on Ukraine’s Desperate Economy
A recent report on conditions in Ukraine paints a more dire picture than your humble blogger had imagined, and I have an active imagination.
Read more...Happy Talk About US Slowdown a Recession Warning as China Growth Also Weakening
Recession complacency means things are wobblier than they seem.
Read more...No Energy Transition Unless Tech Can Make It Cost Competitive: BlackRock
What happens to countries and populations that can’t afford higher cost green energy?
Read more...Ukraine Endgame Accelerates as Congress Denies Any Funding in Stopgap Bill and Fico Wins in Slovakia Vote
Project Ukraine is going wobbly.
Read more...The Neoclassical Growth of China
A model finds that China closely tracked the trajectory of Japan, South Korea, and Taiwan. Does this claim hold up to close scrutiny?
Read more...$100 Oil Is Bad For The Economy (And For OPEC+)
$100 a barrel oil does not bode well for the economy in the US and even more so around the world. What might the political fallout be?
Read more...The State of Antitrust and the FTC’s Case Against Amazon
The FTC suit against Amazon argues the online giant coerced its online merchants. How does that map against antitrust law?
Read more...The Coming Ukraine Collapse and the “Rebuilding” Headfake
The hyping of Ukraine rebuilding is at least as delusional as the earlier war talk.
Read more...Poland & Ukraine Have Plunged Into A Full-Blown Political Crisis With No End In Sight
Ukraine and its one-time enthusiastic backer Poland are in an escalating row, due at least in part to the need to play domestic politics.
Read more...The Intercept’s Latest Leak Might Deal Irreparable Damage to Pakistani-Chinese Relations
The latest Intercept leaks confirm the notion that neither China nor Russia can trust Pakistan. That has awkward implications for China.
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