Jamie Galbraith's view on how Volcker brought about the era of financialization and de-industrialization (in an article about his father's book The New Industrial State): thenation.com/article/this-5…

Eleven years ago today, near the bottom of the worst recession in generations, I signed the Recovery Act, paving the way for more than a decade of economic growth and the longest streak of job creation in American history.

The government seems to be confused about what ‘economically inactive’ people are doing. Many are very active such as looking after children, other dependents and their home, or as students. Others are long-term sick or retired. Priti Patel wants to ‘skill them up’ - nonsense.

Perhaps because Germany does not have a border with Italy?

So if the New York antibody survey is correct, it looks as though the mortality rate from #Covid19 is nearer 0.5% than 1%, if the published death toll is accurate. Lots of big ifs there. But what do epidemiologists and professional statisticians think?

Planned from scratch: Brasilia at 60 in pictures bbc.co.uk/news/in-pictur…

The Economics of John Kenneth Galbraith: Introduction, Persuasion, a... amazon.co.uk/dp/1107404487/… #Amazon

Albena Azmanova and J K Galbraith set out the stark choice we face in the world ahead: submit to disaster capitalism, or reclaim the world with a #GreenNewDeal. A must read! progressive.international/blueprint/8b29…

" DiEM25 was founded in response to a deep crisis within Europe: the failure of the EU leadership [...] & the threat of a Nationalist International leading to a neo-fascist fragmentation of Europe itself." J K Galbraith in A Vision for Europe 2020.

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Congratulations Joe Biden and Kamala Harris! May you have the Rooseveltian resolve you campaigned on. Some unfinished business from FDR and a whole planet to save.

Why #PostCovid economic policy is likely to see a revival of #Galbraithian ideas – recommended reading. By J K Galbraith for Foreign Policy cc Geoeconomica◼️ Velina Tchakarova Torsten Riecke; International Correspondent chrisprantner See: foreignpolicy.com/2021/01/15/for…

starting now

H/t Harvey J Kaye FDR's DNC 1936 speech "We are poor indeed if this nation cannot afford to lift from every recess of American life the dread fear of the unemployed that they are not needed in the world. We cannot afford to accumulate a deficit in the books of human fortitude."

The mainstream neo-Keynesian macroeconomics of the 1960s is not a useful guide for understanding a US economy that has become fully enmeshed with the rest of the world and fundamentally reshaped by China’s rise, argues James K. Galbraith. bit.ly/3mdNz3k

So my unvaccinated friend died in a ventilator at 330am today - extremely sad - but what is interesting is all the anti vaxxers accusing me of lying or somehow trying to scare people. I blocked most of them - but of course that leaves them in their own happy echo chamber. Ends.

.J K Galbraith: "The takeaway for American workers: The Fed is not your friend. Nor is any politician who declares—as President #Biden did this month—that "inflation is the Fed's job."" project-syndicate.org/commentary/fed… #UnitedStates

U.S. markets are concerned over debt with new policies hitting the economy, The New York Times reports. J K Galbraith discussed the cyclical nature of financial crises in a 2012 talk with Harvard Book Store. Watch here: bit.ly/4jgbQSE #debt #economy #news

The New Industrial State by John Kenneth Galbraith (Chapter 1. only) PDF press.princeton.edu/chapters/s8389…

“Modern higher education is, of course, extensively accommodated to the needs of the industrial system” New Industrial State