Profits are Maximizing at the Effective Demand Limit
When Keynes wrote about Effective Demand in Chapter 3 of General Theory… he tied the limit of effective demand to the maximization of profits. Currently...
Author : Angry Bear
Reading the 2014 Social Security Report: Released July 28
The Countdown is ON! (Update 2: It’s out, links work. See you in Comments) (Update for Post Publication) If things go as scheduled the 2014...
Conservative-Legal-Movement Law Is Really Just a Kaleidoscope
After taking a nearly-month-long hiatus from blogging here about legal issues, and blogging only very lightly about other things, I posted this controversial post last Friday and...
Blast from the past for Millienials
Big tobacco companies and the medical establishments: Today, Big Tobacco is chasing a new revenue stream: e-cigarettes. They appeal to 20-somethings-and the lack of health...
So what about Detroit? (and water)
David Zetland has a post from last year at Aguanomics that should stir some thoughts in What about Detroit. Still relevant. I have followed Detroit’s...
GDP and beginners
Financial Times Has GDP outgrown its use? By David Pilling has an excellent beginners article on the make up and use of GDP that poses...
Labor Market Flows and Extended Unemployment Insurance II
This is my FRED graph of the day post. Recently I was almost semi convinced by the Conservative argument that recent unusually rapid growth of...
The Palpable Ugliness of the Predominant Culture of the American South
You may have seen this photo before. It was taken last August at the scene of a dog fighting raid, and it has been used...
IMF suggests improving skills of youth & lower pay?… Keynes rolls over
Here is a video from the IMF… At the 4 minute point, the representative talks about youth unemployment in Europe and recommends two things… training...
Fun and games with transfer pricing
ProGrowthLiberal in his comments on my last post and in his own post at EconoSpeak highlights the fact that drug-maker AbbVie already makes most of...