Tagline
Welcome From Economicz
The economy is the system by which goods and services are produced, distributed, and consumed within a society.
Categories
LATEST
- Personal Income and Spending Unexpectedly Decline…
Economists missed the boat by a mile on income and expenditures. Income and Outlays image top half from Bloomberg, bottom half from the BEA The BEA’s Personal Income and Outlays report for May 2025 was much weaker than economist’s consensus expected. Spending was a bit higher than I expected. To arrive at real numbers, subtract … Read more - The Road to Incoherence: Arthur Burns…
UPDATE: My concluding paragraph was inadverently deleted from my post, so even if you’ve already read the post, you may want to go back and read my concluding paragraph. Last December, Nathan Tankus wrote an essay for his substack site defending Arthur Burns and his record as Fed Chairman in the 1970s when inflation rose … Read more - Why the Tories’ “put people to…
What do you do when your economy is in the doldrums and you need to kickstart growth? Why, you put more people to work, that’s what you do. This has been the Tories’ strategy since 2010. The sustained attack on welfare benefits has all been focused on “making work pay” – encouraging, and at the … Read more - Risks to growth and inflation helping…
As I write this, the US 10-year Treasury bond is yielding 1.457%, well under the trading range it had established during this quarter. And there are a lot of theories as to why this is happening. I want to spell out how I’m thinking about the yields and what the risks and opportunities are going … Read more - Too many Superheros?
How much content should a franchise produce? A recent WSJ story indicates that the expanding Marvel Cinematic Universe (MCU) is approaching a deluge. The graph they created certainly indicates a huge increase in content, mostly on TV. How much to produce is an extent decision. On the one hand, the huge success of the Avengers … Read more
Tagline
Our latest News
Lorem ipsum dolor sit amet, consectetur adipiscing elit.
Healing Through Grief: How I Found…
“When the soul wishes to experience something, she throws an
Read more
Your Summer Adventure To Do List
While skiers and snowboarders know all about Kicking Horse’s legendary
Read moreKNOW MORE
Macro Musings Blog: Make-Up Policy: Where…
As we head into the second half of the year, the swift recovery many were hoping for is facing an uncertain future. The resurgence of the COVID-19 virus and concerns about dwindling fiscal support have many worried. I submit that even in the absence of these worries, the recovery would still be on shaky grounds
The Grumpy Economist: Sociology Meetings
When Jukka Savolainen wrote about it in the Wall Street Journal I couldn’t quite believe it, so I had to go look. Indeed, on the website of the American Sociological Association describing its 2024 annual meeting we have the official “theme” of the meeting “..sociology as a form of liberatory praxis: an effort to not only understand structural
Property, Resilience, and Institutional Adaptation in…
What if the story of economic development doesn’t begin with the market, but with the household? And what if property, often assumed to be a static bundle of rights, is better understood as a dynamic institution—adaptive, historically layered, and relational? These questions sit at the heart of my recent research, which I had the opportunity
In California, running an auction can…
Mansion Global: Before the palisades fires, a nearbySanta Monica property was listed at $15,000 per month. But afterwards, the landlord held an auction, and there were 10 to 15 offers on the property, and it rented for nearly $30,000 per month. But, During an emergency, California law prohibits raising the price of a rental property
Understanding the Great Rip Off
Quarterly Q & A June 13, 2025Please support Michael’s work by becoming a Patreon supporter. KARL FITZGERALD: Michael, it’s so great to see you. We’re all so enthusiastic about this meeting, so we’re glad you got here. Okay, let’s get into it. MICHAEL HUDSON: We have seven minutes left to discuss the whole
STANDARD MONEY THEORY | New Economic…
By J.D. ALT The last two and a half months I’ve been at work on a new book. As it evolved, I found I was approaching MMT from a new direction—one which made an explanation of MMT much less counter-intuitive and, perhaps, less controversial. The approach is relatively simple and straight-forward: follow what I began
A comment on the manifesto for…
I wrote this post based on notes for a proposed “lunch and learn” session. Illness got in the way, so rather than let those notes sit on the shelf, I’ve cleaned them up to share here. Many points were intended to be (provocative) conversation prompts rather than statements, so a few parts are light on
Personal Income Was Not Down 0.4…
Social Security payment timings distorted income in May. Personal Current Transfer Receipts Personal Current Transfer Receipts (PCTR) are government payments for which no current services are rendered. Examples include Medicare, Medicaid, housing assistance, SNAP (food stamps) unemployment insurance, and veteran’s benefits. Social Security Reported Decline The BEA reported Social Security declined $122 billion annualized in
Could a new misery index help…
In 1970 everyone was feeling bad about the economy. How bad? To put a number to the pervasively negative vibe, Arthur Okun created the “misery index:” the sum of inflation and unemployment rates. But now everyone is puzzled. Why was the economic vibe of 2024 bad enough to get the Democrats thrown out of office?
Factsheet: U.S. economic mobility and policies…
The United States often has been touted as a land of opportunity, where hard work leads to success and children do better than their parents. But increasingly, these notions of opportunity and mobility are being challenged as economic inequality has widened over the past several decades. This factsheet provides an overview of the different types