Geopolitika.ru (sanctioned by the US Treasury Department)
Economist Professor* Warren Mosler: "Sanctions against Russia make no sense: with free Gazprombank it's as if they weren't there"
Fabio Bonciani interviews Warren Mosler, an American economist and entrepreneur, formerly a hedge fund manager; an activity that allowed him to fully understand the functioning of modern monetary and accounting systems of Central Banks and a State, upto developing those concepts that have led him today to be considered the father originator of the most recent formulation of Modern Money Theory (MMT). He is co-founder of the Center for Full Employment and Price Stability, based at the University of Missouri Institute in Kansas City, through which he funds both university fellowships and research projects in economics at some of the most prestigious universities in the U.S., Europe, and Australia. In 2014 he joined the faculty of the University of Bergamo and in 2015 the University of Trento as a visiting professor
Modern Money Theory (MMT) actualizes the school of economic thought outlined by Abba Lerner, John M. Keynes, Hyman Minsky protagonist of the 20th Century, which underlies the construction of the welfare state and an economy that aims to achieve full employment in a context of widespread welfare.
7 comments:
“ CDC: So what are the sanctions really upto?
WM: "Presumably to make things difficult for Russia by limiting Russian imports."
Right it’s soft power to cut their people off from access to the west.,,
Tom thinks their people will want to go on vacation to the Arctic or some virus infested hovel in China instead of the Med… I have my doubts….
“Hey Boris honey I want to go to Paris this summer!”
“Aaah , nyet Natasha we’re gonna go to Murmansk instead!”
I don’t think so…..
Not 'the people' though. The Russian elite who the West has wined and dined to try and control the resources of Russia. Much has the west has done with despots across the globe to suppress their populations.
However by sanctions and confiscating property from the Russian elites the West have cleverly removed the power they had to do anything in Russian politics.
That's what you get when you have a senile buffer and a Thatcher cosplay in charge.
Russians who aren't interested in risking their lives in Ukraine have left the country. Good for them.
“ a senile buffer and a Thatcher cosplay in charge”
Good one Neil….
Love that! but is not the danger that Biden is far less senile than people suppose and really trying to protect himself, and his family, from a pending avalanche of dirt that certain actors may have gathered on him? More servile than senile and bellicose...
Will make a good criminal defense.,,
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