Saturday, November 24, 2018

24 Nov 2018

Thoughts On Economics
Amanda Marcotte

Economics as Classical Mechanics
Liberalism, conservatism, fairness and free riders
Ivan Kitov | Doctor of Physics and Mathematics, Lead Researcher at the Institute for the Geospheres' Dynamics, Russian Academy of Sciences

Eurasia Future
Donald Trump’s War on Huawei is a War on Progress And a War on Personal Freedom
Adam Garrie

The National Interest
China's Air Force Wants to Make Sure It Can Beat America in a War: RAND Study
David Axe, editor at War Is Boring

India Punchline
US creates new facts on the ground in Syria
M. K. Bhadrakumar | retired diplomat with the Indian Foreign Service

Craig Murray Blog
Syria: A Moment to Reflect
Craig Murray, formerly British ambassador to Uzbekistan and Rector of the University of Dundee

South China Morning Post
China and Russia look to ditch dollar with new payments system in move to avoid sanctions
Karen Yeung

EU Event Chastises China-Pakistan Economic Corridor
Joseph Thomas

Battlefield Paris: Police hit protesters with tear gas as massive fuel rallies grip France (VIDEO)

RT crew caught up in tear gas as Paris rally over fuel prices descends into chaos (VIDEO)

Zero Hedge
"Champs Elysees Burning": French Police Fire Tear Gas, Water Cannon As Massive Fuel Protests Turn Violent
Tyler Durden

Israeli defense minister met with Syrian rebels, former IDF commander reveals in a first

Sputnik International
Washington Sees Daesh as Ally to Be Used for Regime Change in Syria - Lavrov

Sputnik International
Russian FM Lavrov Slams Attempts to Replace Intl Law With “Rules-Based Order”

Sputnik International
US Pushes for Dangerous Military Activity Near Russian Border - Lavrov

Zero Hedge
Salvini Threatens To Collapse Italy's Government If Deficit Target Is Changed

The Conversation
What is populism – and why is it so hard to define?
Andy Knott | Senior Lecturer, School of Humanities, University of Brighton, University of Brighton

Zero Hedge
MI6 Scrambling To Stop Trump From Releasing Classified Docs In Russia Probe
Tyler Durden


Andrew Anderson said...

Yes, many church goers are hypocrites because they have not read or believed the Bible, including the Old Testament.

That said, Progressives are not just either to the extent they support, and they have and still do, government privileges for "the banks".

Ralph Musgrave said...

I sympathize with the dim view that Andrew takes of self-styled "progressives". Bill Mitchell often takes the p*ss out of that lot.

On the other hand, the whole question as to whether private banks ought to be creating / printing the bulk of the nation's money supply is very much in dispute in the economics profession. I.e. it's not a simple issue. Thus the simpletons and well intentioned do-gooders who make up much of the "progressive" community cannot be blamed for not having much of a clue on this issue.

Even the great Bill Mitchell is not entirely clear on this issue. He definitely opposed full reserve banking two or three years ago, but has since gone very quiet on that issue.

Andrew Anderson said...

I don't believe in full reserve banking either; instead let everyone who wants them have inherently risk-free debit/checking accounts at the Central Bank itself and abolish all other privileges for the banks too. Accounts for individual citizens should be free up to a reasonable account limit since all citizens have an inherent right to use their Nation's fiat. All other private sector accounts should be charged negative interest to cover overhead, to discourage fiat hoarding and perhaps to finance a Citizen's Dividend.