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Thursday, January 9, 2025

“Hydrants out of water!”

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This is funny the Art Degree morons all think fire hydrants contain a fixed amount of water (rather than control pressure) i.e.  “the hydran...
2 comments:

Return to a "Appropriate and Positive Interest Rates" ーInterpreted through the Lens of Monetary Theory — Masashi Chikahiro

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MMT influence is spreading. Chuo University Return to a "Appropriate and Positive Interest Rates" ーInterpreted through the Lens of...
1 comment:
Wednesday, January 8, 2025

The currency message from BRICS leaders amarynth

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To calm shattered nerves in the west, the message is out: BRICS is not floating a new currency; BRICS is providing alternative economic stru...
Thursday, December 26, 2024

Russia says it's using bitcoin to evade sanctions — Dan Primack

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The bottom line: This development could create a challenge for President-elect Trump, who is both a crypto convert and advocate for U.S. dol...
Sunday, December 22, 2024

Stable Coins

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  STEM Tech bros figuring out a way to safely bypass the current Art degree administered inefficient and sometimes treacherous banking syste...

Reserves in SLR

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  Have to watch to see if banking lobby again approaches a now new GOP government with this regulatory modification request… last time in 20...
1 comment:
Saturday, December 21, 2024

Trade deficit

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  Good point by Setzer … if they stick Trump with the “debt ceiling!” he could end up going after all these foreign USD savings to fund his ...
Friday, December 20, 2024

Bond market now pricing in one 25 bps rate cut by Fed in 2025

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  Trump is never going to stand for this and will go to war with the Democrat Fed monetarist morons…  The bond market is now pricing in just...
1 comment:
Monday, December 16, 2024

Trade Isn't Money for Nothing — Stephanie Kelton

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In MMT terms, imports are a real gain and exports are real loss, where "real" means "stuff" in the sense of resources us...
4 comments:
Sunday, December 15, 2024

The Tyranny Of The Myths — NeilW

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Economics is often described as the dismal science, but it’s more apt to call it the mystical science. For generations, the field has been r...
7 comments:
Friday, December 13, 2024

Episode 9 (S2) of the Smith Family Manga is now available – the Prime Minister embarrasses himself —Bill Mitchell

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Today (December 13, 2024), MMTed releases Episode 9 in the Second Season of our Manga series – The Smith Family and their Adventures with Mo...
Wednesday, December 11, 2024

Argentina ends deficit for first time in 123 years…

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  Dour looking group taking a victory lap: 🇦🇷 MILEI: ARGENTINA ENDS DEFICIT FOR THE FIRST TIME IN 123 YEARS "The deficit was the root...
6 comments:
Thursday, December 5, 2024

"The First Cause of Stability of Our Currency is the Concentration Camp": Central Banker Solidarity on the Road to Hitler's Czechoslovakian Gold — Pavlos Roufos

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This is an article on the history and politics of central banking. As such it is important for understanding the details of MMT institutiona...
1 comment:
Monday, December 2, 2024

Can BRICS Create a Multipolar World? — Fadhel Kaboub (MMT economist)

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Decolonize to Dedollarize! I’m often asked whether BRICS is going to be the game-changer that will disrupt the current geopolitical hierarc...
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Austerity cultist Kenneth Rogoff continues to bore us with his broken record — Bill Mitchell

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His latest intervention (November 28, 2024) – Europe’s Economy Is Stalling Out – was published by Project Syndicate, which regularly gives s...
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Yes, Banknotes Are A Central Bank Liability — Brian Romanchuk

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David Bholat recently wrote “How to Modernise Central Bank Balance Sheets: No Notes.” It is partly in response to this article. The idea is ...

What Trump's Pick for Treasury Secretary Gets Right (and Wrong) about MMT — Stephanie Kelton

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Scott Bessent is aware of MMT but he has a faulty understanding of what MMT says, Kelton argues. On the positive side, he is not clueless, l...
Thursday, November 28, 2024

Money for beginners — Lars P. Syll

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Plug for Randy Wray's popular-access book on basic MMT. Lars P. Syll’s Blog Money for beginners Lars P. Syll | Professor, Malmo Universi...
Wednesday, November 27, 2024

Rates

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  Why would you have your RRP rate above your min FFR target and then not understand why MMMFs won’t fully engage in Tsy markets? How stupid...
7 comments:
Thursday, November 21, 2024

How to Cut $2 Trillion in Federal Spending Without Breaking a Sweat Stephanie Kelton

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As James Galbraith put it years ago, "It's the interest rate, stupid." Nostalgia: Carlos "beowulf" Mucha liberally q...
4 comments:
Monday, November 18, 2024

Tariffs As A Fiscal Tool? — Brian Romanchuk

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Has Trump thought his tariff proposal through? Brian gives reasons to doubt that this move would be successful in replacing the income tax o...
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Friday, November 15, 2024

Class

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  Whoa!… hold up!…  was Marx correct? 🤔 Americans are increasingly voting along class lines, not racial ones. That could upend how we’ve th...
Thursday, November 14, 2024

Episode 8 (S2) of the Smith Family Manga is now available — Bill Mitchell

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Today (November 15, 2024), MMTed releases Episode 8 in the Second Season of our Manga series – The Smith Family and their Adventures with Mo...

Oh no...Eva Langoria leaving the U.S.!!!

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Oh no, what will we do? "Privileged" (her words) Eva Langoria is leaving the U.S.!! What a loss.  Here's Eva, lamenting for a...
6 comments:
Tuesday, November 12, 2024

Wishful Thinking

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  More wishful thinking from Democrat left: Given voters’ ire at the high cost of living, it might be wrong to assume Donald Trump will simp...
1 comment:
Friday, November 8, 2024

Trump v Iran

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  Reports Iran conspired to assassinate Trump… The DOJ charged 3 individuals in an assassination plot against Trump. Two are in custody and ...
16 comments:

Trump v Fed ?

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  This guy a MAGA Trump insider perhaps in line for AG (probably too much to hope he gets it 🙏🏻) but it’s revealing that he mentions the b...
5 comments:
Thursday, November 7, 2024

Functional finance — Lars P. Syll

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What monetarists. deficit hawks, and debt phobes don't get. Quotes by Abba Lerner and John Maynard Keynes. Lars P. Syll’s Blog Function...
Wednesday, November 6, 2024

On Sraffa and Keynes — Lars P. Syll

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Minsky quote that underlies not only Keynes but also MMT. Lars P. Syll’s Blog On Sraffa and Keynes Lars P. Syll | Professor, Malmo Universit...
Tuesday, November 5, 2024

Escobar: The Roadblocks Ahead For The Sovereign Harmonious Multi-Nodal World — Pepe Escobar

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We will need weeks, months, years to fully grasp the enormity of what took place in Kazan during the annual BRICS summit under the Russian p...
1 comment: