David Fields
@ProfDavidFields
Classical-Keynesian Institutionalist Political Economist @MonetaryBlog | @RealProgressUS | @utahvanguard http://profdavidfields.bsky.social
Donald Trump’s ascent represents a predictable and deeply entrenched political outcome, that is, the logical, albeit unsettling, culmination of a bipartisan reorganization of US capitalism. Yours truly, @utahvanguard utahvanguard.medium.com/a-bipartisan-n…
Ahmed, a 15-year-old boy, is suffering from severe malnutrition, with his weight dropping to just 15 kilograms. His body has become emaciated, reduced to skin and bones.
YIMBros never learn, which is unsurprising. The marginal depreciation of rents in Austin stems from more concessions on “high end” properties to cover losses from monetary austerity. It is NOT supply & demand. Mind you, the median rent is higher than prior to the building boom.
This dude's campaign launch is an incredible collection of the best left-NIMBY tropes. This "selling out to out of town developers" he cries about has led to one of the single largest drops in rent in Austin's history. He's literally running on raising the rent! 💀
This paper on Pierangelo Garegnani just published by the Review of Political Economy by Heinz Kurz tandfonline.com/doi/full/10.10…
BREAKING: New video reveals the inside of a NYC federal building where migrants are being held in inhumane conditions. The Trump admin has denied its a detention site. Men say they're held in the overcrowded room for days at a time without access to food or medical care.
DSGE models dominate macro — but they’re built on a fundamental error: They assume away time. Here’s how this hidden assumption breaks everything from policy to prediction 🧵1/10
Peter Kropotkin: "Struggle so that all may live this rich, overflowing life. And be sure that in this struggle you will find a joy greater than anything else can give." (1897) theanarchistlibrary.org/library/petr-k…
"Decades of procyclical contraction, wage stagnation, and social deterioration have established conditions conducive to the political exacerbation of cultural and status anxieties."
Donald Trump’s ascent represents a predictable and deeply entrenched political outcome, that is, the logical, albeit unsettling, culmination of a bipartisan reorganization of US capitalism. Yours truly, @utahvanguard utahvanguard.medium.com/a-bipartisan-n…
Powell confessed yesterday their main concern: Profits of big banks.. streetinsider.com/Fed/Powell+Say…
Read the blog entry of Edwin Dickens on how the Fed prioritizes profits of big banks. medium.com/@monetarypolic…
Workers in the 1800s did not possess “starter homes”, they were stored in tenements, which are now considered luxury homes by YIMBros.
The starter home of a 19th century worker. Then we made them illegal to build and now that house is $1M+ and that worker instead has to live 45 min outside of the city, completely detached from the community he works in.
this is what yimbys take from us: beloved small local businesses nypost.com/2025/07/21/lif…
It’s not supply and demand.
U.S. Housing Market has reached its most unaffordable level in history 🚨🚨
Lo del 2008 va a parecer un paseo x el parque... @Eugenio_Debs @desempleado666 @DrSirera @sdgrumbine @ProfHall1955 @ProfDavidFields @RafelCarretero @Carlos_G_H_
U.S. Housing Market has reached its most unaffordable level in history 🚨🚨
A little girl (4 years old) was shot by an Israeli drone in Sheik Radwan neighborhood, west of Gaza city.
There is a fatal stupid mistake in the Quatinty Theory of Money: PY=MV. Velocity is defined as PY/M. If you rewrite the equation, then you have PY=PY. This is a tautology like "He is my father because I am his son" You can't define a variable over other variables in the equation.
"But perhaps the real nail in the coffin of the “money growth==>inflation” view is this: the phenomenon that Milton Friedman identifies as key to the whole process, i.e., the excess of the money supply over money demand, cannot happen in real life. The irony here is that…
Alex de Waal has worked on humanitarian causes across the globe for over 40 years. “There is no case, over those four decades, of such minutely engineered, closely monitored, precisely designed mass starvation of a population as is happening in Gaza today.”
"We may have democracy, or we may have wealth concentrated in the hands of a few, but we cannot have both." -Louis Brandeis
Breaking: Israel bombed a building housing the Modern Al-Jinan Kindergarten in central Gaza City. Most of the casualties are children from the kindergarten.