Category: Economy

Yves here. Apologies for the lack of original posts today. The site has been misbehaving, as some readers have even found. But this gives us the chance to turn to…

Few countries are more acutely aware of the dangers posed by a resurgence in US military adventurism than Mexico. As mentioned in previous posts, Mexico City is even home to…

Yves here. We’ve mentioned in passing how the plunge in city center commercial vacancy rates was a crisis in the making for urban budgets. First, at some point, the new…

Yves here. The shaky state of the US grid is yet another indictment of neoliberalism, which over time produces underinvestment, particularly in long-term projects. Andrew Haldane has shown, for instance,…

By Lambert Strether. Bird Song of the Day Brown Thrasher, Wannagan Creek Cabin area, Billings, North Dakota, United States. Wannagan Creek Cabins, East River Road, Little Missouri Grasslands. Grasslands and…

Yves here. This piece gives a useful overview of theory versus practice with tariffs. It also describes how the Trump bullying pattern of making threats and then maybe or maybe…

Musk wants to cut your Social Security benefits and then have Congress use the savings to give himself a gigantic tax cut.

Why trade deficits can’t always be solved by price, as in tariffs or currency manipulation.

On Perry Mehrling’s Money and Empire: Charles P. Kindleberger and the Dollar System, including how some of his key ideas have been borne out.

~ Today’s Water Cooler: Politics, Syndemics Court filing: DOGE website claims another victim; : Myopia epidemic: literally!; Pseudo-science in machine learning. ~ ~