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Saturday, June 3, 2023

Primer: The Cantillon Effect — Brian Romanchuk

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The Cantillon Effect is the label applied to a process described in Richard Cantillon’s , «Essai sur la nature du commerce en général», publ...
Thursday, June 1, 2023

CPI

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  June ‘22 CPI was 296 on a impulse increase due to Brandon’s Russia sanctions…  if we can get a May flat M/M then YoY is 296 to 303… 7/296 ...
2 comments:

Student loan payments

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-$16B per month net fiscal flow starting Aug 1st… more regressive fiscal policy on top of regressive interest rate policy… Brandon’s economi...
2 comments:
Wednesday, May 31, 2023

Sophistry or Shibboleth? - "Printing Money" — NeilW

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Sorry to be late with this but I am still digging out from under the pile I accumulated while away. Short comment on the misinformed controv...
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The Man Who Invented the Trillion-Dollar Coin [Carlos Mucha aka beowulf]. An Atlanta lawyer was just spitballing on a financial blog. He didn’t expect Washington to listen. — Alex Carp

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Some of us at MNE lived through this saga back then. No one could have expected what has come to pass since.  Good article on the history an...

CEA MMT Panel Post-Mortem — Brian Romanchuk

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I participated in a “Yay/boo for MMT!” debate Zoom panel for the annual Canadian Economist Association conference.… What I would offer as a ...
Tuesday, May 30, 2023

Escobar: Eurasian Heartland Rises To Challenge The West — Pepe Escobar

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As a result of BRI, the New Silk Road, CSTO, SCO, the explosive growth in the coming years is likely to come from the developing world, not ...
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The Deficit Myth is Hanging On for Dear Life — Stephanie Kelton

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For months, Speaker McCarthy has been telling the American people that republicans wouldn’t agree to raise the debt limit without a plan to ...
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U.S. Breakeven Inflation Comments — Brian Romanchuk

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I just refreshed my favourite U.S. breakeven inflation chart (above), and I was surprised by how placid pricing has been. This article gives...

Achieving by Undermining — Radhika Desai and Michael Hudson

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RADHIKA DESAI: Hello and welcome to the 10th Geopolitical Economy Hour, the fortnightly show in which we discuss the political and geopoliti...
Monday, May 29, 2023

Chartbook 216: When was the era of Bretton Woods? — Adam Tooze

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As Perry Mehrling has recently argued in his intellectual portrait of economic historian Charles Kindleberger, the true undergirding continu...
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Debt Ceiling Deal

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  Still requires approval but current form would suspend until January 2025 … after next presidential election… good riddance… For the curio...
Sunday, May 21, 2023

McCarthy bringing out the big guns

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  McCarthy with the big 1-2 combination…. Here he leads with the good ole “borrowing from the Chinese!” Art degree moron analogy figurative ...
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Saturday, May 20, 2023

Trump to GOP House on debt ceiling: Hold the line

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  Trump wants “the kitchen sink!”…
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Thursday, May 18, 2023

Debt deal “aftershock!”

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  lol… the good ole’ “crowding out!” Art degree thesis … yo it’s probably going to cause a short term >$500B reserve drain at Depositorie...
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Monday, May 15, 2023

The EU Looks Doomed to Repeat its Russia “De-Risking” Strategy with China — Conor Gallagher

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Shooting yourself in the other foot? Naked Capitalism The EU Looks Doomed to Repeat its Russia “De-Risking” Strategy with China Conor Gallagher

MAGA: No Nation Has Ever Returned From The Economic Crisis U.S. Currently In

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  Perfect follow to Tom’s Pepe le Pew post below..  Here this MAGA gold seller douchebag went to the same Art degree school as  Escobar and ...
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Pepe Escobar — US Empire of Debt Headed for Collapse

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 Review of Michael Hudson's latest book,  The Collapse of Antiquity: Greece and Rome as Civilization’s Oligarchic Turning Point — and it...
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Quote of the week: Steve Keen’s concerns about a Job Guarantee, Part 2 — Nick Johnson

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I think Steve Keen has a point worth considering about fixation on a JG — with a caveat — I don't think he is right about canning a JG a...
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Money Multiplier Mudslinging — Brian Romanchuk

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Oliver Blanchard's revised textbook revisits "the money multiplier." Brian explains that he does not dismiss it but adds an &q...

William Mitchell — The end of the common currency (euro) cannot come soon enough

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In my 2015 book – Eurozone Dystopia: Groupthink and Denial on a Grand Scale (published May 2015) – I traced in considerable detail the event...
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Saturday, May 13, 2023

Almost Every Powerful Economist We Have Went to 1 of 6 Schools. That’s Not Great! — Pete McKenzie

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Harvard, MIT, Stanford, Princeton, Chicago, and the University of California, Berkeley. Slate Almost Every Powerful Economist We Have Went t...
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What will it take to kill a Zombie? — Max Lawson

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The Zombie in question is neoliberalism. Equals Blog What will it take to kill a Zombie? Max Lawson, Head of Inequality Policy at Oxfam Inte...
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Marx’s Alienation

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  Short explainer on Marx’s theory of Alienation…  There is apparently a whole big thing under Marx wrt this “Alienation” … So if you are be...
7 comments:
Thursday, May 11, 2023

Social Alienation

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  This is what is happening with all of the doomsday/apocalypse stuff you see out there these days… whether it’s “dollar crash!”… “debt doom...
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The US National Security Budget for 2023/24 is … approximately $1.5 Trillion — Winslow Wheeler,

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Summary: The Department of Defense uses obscure accounting to conceal its true cost from America’s citizens, assisted by the mainstream pres...

William Mitchell — The climate emergency requires us to reset our understanding of fiscal capacity. It is already, probably, too late.

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In Tuesday’s fiscal statement, the Australian government made a lot of noise about dealing with the climate emergency that the nation faces ...
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Fiscal Flow from Interest payments now equals Defense payments

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  👍 U.S. Interest payment is now equal to Defense spending And 30% of the debt has to be refinanced in the next 12 months at todays higher ...
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Wednesday, May 10, 2023

NY Times is wrong on dedollarization: Economist Michael Hudson debunks Paul Krugman’s dollar defense — Ben Norton interviews Michael Hudson

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Video, podcast, and transcript Geopolitical Economy Report NY Times is wrong on dedollarization: Economist Michael Hudson debunks Paul Krug...
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Tuesday, May 9, 2023

Presidential Polling

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  Trump has the ball in the red zone… lower interest rates and a shit-canning of monetarism seemingly on the way in 18 months… Brandon needs...
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