ECONOMY

Yes I will be doing a Conversation with her.  Here is a reprise of an MR post reviewing her new book In This Economy; “The subtitle is How Money & Markets Really Work.  I am a big fan of Kyla...

In the wake of the SCOTUS decision regarding Chevron deference, I investigate this issue. Here is a summary of academic research on Supreme Court views on these topics, separate from whether fiat money as currently established in the United States...

Chuck L provided a follow-up tweet that the period of silence was to protect her and her family: So, in 2005, after a vow of 100 summers of silence, Northern Cheyenne tribal historians revealed that it was a female warrior,...

Yves here. The book Agnotology described how societies become more stupid. Sometimes it is by design. A major case study was propagandizing against emerging information that smoking causes cancer. But the authors also described other loss of knowledge, such as...

Via Pinheiro Penna de Mello B, Jp. The post Hermeto Pascoal – Música da Lagoa appeared first on Marginal REVOLUTION. Source link...

Complicating the recovery is the overvalued peso, which is making the country unjustifiably expensive in dollar terms. The official exchange rate is currently set by the government, which also imposes capital controls. Almost all of the devaluation in December has...

PCE hits consensus. Instantaneous (weighted average of m/m inflation, with more recent observations having higher impact) headline and core down. Figure 1: Instantaneous PCE inflation (T=12, a=4) per Eeckhout (2023) for PCE (blue), chained core CPI, seasonally adjusted by author...

By Lambert Strether of Corrente Readers, today’s Water Cooler is a post, but I included the bird song and the plant, because I knew you’d ding me if I didn’t! –lambert Bird Song of the Day Eastern Meadowlark, Brazoria NWR–Auto...

1. What a Chevron decision could mean. 2. Sizeable cash transfers didn’t put a big dent in homelessness. 3. Adam Ozimek is a major force behind The American Worker Project. 4. Second issue of The Miami Native. 5. Against the...

Nominal PCE slightly below consensus (+0.2% vs. +0.3%). Here are some key business cycle indicators followed by NBER BCDC, with real personal income ex-transfers flat (along with real consumption) Figure 1: Nonfarm Payroll (NFP) employment from CES (bold blue), civilian...