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Can free-cash handouts help society? | The Economist

This is not going away. Listened to a Ray Kurzweil podcast the other night.  He said UBI will be ubiquitous by 2030.


Do Wah Diddy

  Nothing — absolutely nothing — beats the 60’s when it comes to pop music.


Bernie is Back

It’s easy to forget the condescension and amusement that greeted him when he announced his first...


Buffalo Billion! Another Failure of the Green Energy Fantasy (Remember Solyndra And Greentech? Rent-seeking?)

New York state attempted a green jobs “miracle” in upstate Buffalo. And like most government guaranteed/subsidized projects, it was an epic failur ...


Wall Street’s Banksters Are Clandestinely Trading the “Digital Gangster” Stock of Facebook

Wall Street’s Banksters Are Clandestinely Trading the “Digital Gangster” Stock of Facebook By Pam Martens: February 19, 2019 ~ Being called a “dig ...


Radio France – L’Interview éco, 18 FEV 2019

Yanis Varoufakis est en campagne. L’ancien ministre grec des Finances, chantre de la lutte contre l’austérité, va se présenter aux élections europ ...


Discussing Europe, DiEM25 and the European Spring on Thinkerview


Do people want a new centrist party?

Seven Labour MPs have resigned the party whip. It’s not clear what they plan to do next but many commentators assume that the formation of a new c ...


First Mover Alpha

Ed Thorp is arguably the best investor who never gets mentioned on the lists of history’s best investors. The investment strategies he developed a ...


The irrelevant Independent Group

The Independent Group claims to value an “open, tolerant and respectful democratic society” and to oppose Brexit. It wills the ends, but not the m ...


London Housing Meltdown Spreads as Pre-Brexit Angst Batters Market Sentiment

"If you are looking to buy a house in Q1 you will have the market to yourself."


UK real wages are finally growing but productivity dips

As we move onto the latest wages and employment data for the UK more bad news has affected the UK motor manufacturing sector. As Autocar points ou ...


Modern Monetary Theory is On the March

By William K. Black February 18, 2019     Bloomington, MN Modern Monetary Theory (MMT) continues to advance rapidly.  We are past the first phase ...


S&P 500 Breaks Out of Redzone

After last week's failed breakout attempt, the second week of February 2019 saw the level of the S&P 500 (Index: SPX) broke out above our redzone ...


What it takes​ to become a great economist

The master-economist must possess a rare combination of gifts …​ He must be mathematician, historian, statesman, philosopher—in some degree. He mu ...


The Tech Giants: Part One

The new Macro Watch video is the first in a two-part series examining the six largest US tech giants, ranked according to the amount they invest ...


Kapernick

It was September 2017, and bad boy Trump spouts off; “Wouldn’t you love to see one of these NFL owners, when somebody disrespects our flag, to say ...


Tuesday: NAHB homebuilder survey

Weekend:• Schedule for Week of February 17, 2019Tuesday:• 10:00 AM, The February NAHB homebuilder survey. The consensus is for a reading of  59, u ...


The Great Student Debtberg Since 2006: Loans Outstanding Up 3X, Delinquent Debt Up 8X

             


China car sales, Euro sector balances

China Total Vehicle Sales Vehicle sales in China tumbled 15.8 percent from a year earlier to 2.37 million in January 2019, following a 13 percent ...


China is healing

Recent top-down data out of China has been weak (see How worried should you be about China?), but there are some signs of healing as the latest ro ...


With Monsanto and Glyphosate on the Run AAAS Revokes Award to Scientists Whose Studies Led to Ban on Weedkiller in Sri Lanka and Other Countries

The popular weedkiller glyphosate, the active ingredient in Monsanto’s Roundup, is on the run. Congresswoman and Presidential candidate Tulsi Gab ...


Tulsi Got That Right: Establishment Pundit Class Always Dreaming Up New Places For People To Die

Gabbard released the half-minute video on Tuesday appropriately called “Warmongers in their ivory towers” wherein the US Army reserve officer and ...


Inequality and Stagnation by Policy Design

By Thomas Palley (guest blogger)This paper argues the mainstream economics profession is threatened by theories of the financial crisis and ensuin ...


Free Market At Work? Nope, Fed’s Free Money Bubble Finance Drastically Skews “Mean” To The Top 10%

Real  Mean (light blue) Versus Median (dark blue) Household Net Worth, 1962-2016    


Finland’s basic income experiment​ — a preliminary evaluation

According to the analysis of the register data, basic income recipients were no better or worse at finding employment than those in the control gr ...


Notes From Underground: Though I Walk Through the Valley of Debt, I Fear No Evil

On Friday, U.S. 30-YEAR BONDS were the best performer as the 5/30 yield curve flattened in the face of several divergent asset movements. The GOLD ...


Capitalism with Scandinavian Characteristics

Here's an op-ed piece by me that was published on the editorial page of the local Star Tribune newspaper yesterday, February 17.__________________ ...


Shanghai Gold Exchange Transactions

The Shanghai Gold Exchange is a bit different from most, because they deal in the exchange of actual physical metal for paper, rather than mostly ...


Left Behind? Auto-Loan Delinquencies Are the Highest Since 2012 (More Americans Than Ever At 90 Days Behind)

The Federal Reserve enacted a zero interest rate policy (ZIRP) and quantitative easing (QE) backk in 2008. The suppression of interest rates stimu ...


Les ‘gilets jaunes’ et l’antisémitisme

  Lors de la manifestation des ‘gilets jaunes’ à Paris de ce samedi, le philosophe Alain Finkielkraut a été insulté par certains manifestants avec ...


Rebecca Burns on The Steve Mnuchin Story

Turns out that the fat cat has thin skin. The fat cat in this story is Treasury Secretary Steve Mnuchin. The Steve Mnuchin who brought you that $ ...


18/2/19: U.S. Treasuries: Not Finding Much Love in Foreign Lands

In recent months, I have been warning about the cliff of new bonds issuance that is coming for the U.S. Treasuries in 2019, pressured by the decli ...


Why WOLF STREET is Still Free and Not Behind a Paywall Though You Have to Put Up with Ads and I Make (Maybe) Less Money

A no-brainer gets rejected. This is likely my last gig, and I want to do what I love doing. But the advertising-based model is teetering.


Transparency International Greece Corruption and Novartis

In 2013, the Swiss pharmaceutical giant Novartis donated $3,400 to the anti-corruption group Transparency International Greece. Novartis has been ...