MICROBLOGGING: Semester-Launch Virtual Event: Liu, Soll, DeLong: "The Market Giveth; The Market Taketh Away: Blessed Be the Name of the Market?: From Cicero to Mitch McConnell, via Adam Smith"

From þe Chat, & of þe Moment… Things worth noting, but much too short to be worth a full post sent to someone's email inbox, þt þey þen must deal wiþ some way or another.

Brad DeLong

Jan 06, 2023

The Market Giveth…” Semester-Launch Virtual Event: Liu, Soll, DeLong (2023-01-13 Fr)

Network for a New Political Economy

The Market Giveth; The Market Taketh Away: Blessed Be the Name of the Market?: From Cicero to Mitch McConnell, via Adam Smith

Event Date: January 13th, 20231 pm Pacific Time (4 pm Eastern Time)

<https://n2pe.berkeley.edu/events/blessed-be-the-market/>

The Network invites you to a conversation between Glory M. Liu (Harvard), Jacob Soll (USC), and Brad DeLong (Berkeley) about the intellectual origins of market society and how the Scottish philosopher Adam Smith became an icon of American capitalism.

Macro Outlook (2023-01-12 Th)

This really looks to me like three-in-four odds that we had a combination of a transitory reopening inflation, and then a transitory Putin supply-shock inflation.

That leaves only a one-in-four chance that we have a problem looking forward – unless we have generated the problem of overdoing it, and risk a return to secular stagnation:

Gwynn Guilford: U.S. Inflation Slowed for Sixth Straight Month in December: ‘U.S. inflation eased to 6.5% in December compared with a year earlier, marking the sixth straight monthly deceleration… down from 7.1% in November and well below a 9.1% peak in June. Core CPI… climbed 5.7% in December from a year before, easing from a 6% gain in November… increased at a 3.1% annualized rate in the three months ended in December, the slowest pace in more than a year…
<https://www.wsj.com/articles/us-inflation-december-2022-consumer-price-index-11673485441>

McCarthy Makes It to Square One! (2023-01-06 Fr)

So it looks to me like McCarthy—with only 7 or so Handmaid Caucus holdouts—is now where he thought he was the evening before the new House met…