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Wednesday, March 26, 2025

The Hidden Power of Sovereign Wealth Funds — NeilW

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A recent UnHerd article warns of a “crypto time bomb,” suggesting that stablecoins could become a geopolitical tool to undermine the U.S. e...
4 comments:
Tuesday, March 25, 2025

DOGE deletes 7M Federal ID numbers

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If these numbers represent illegal alien people currently working using other dead peoples ID numbers, when the payroll taxes are paid this ...
Thursday, March 20, 2025

The Effects of Modern Monetary Theory on the Structure of Production — Patrick Newman

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 For the record. From an Austrian economist. Abstract This paper analyzes the debt monetization proposals of Modern Monetary Theory from an ...
5 comments:
Sunday, March 16, 2025

An Explanation Of Why Taxes Don’t Fund Spending—And Why Elon Musk Is Wrong About The US Government Deficit — Jim Byrne

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Pass it on. MMT101.ORG - Learn Modern Monetary Theory (MMT) An Explanation Of Why Taxes Don’t Fund Spending—And Why Elon Musk Is Wrong About...
Saturday, March 15, 2025

Reserve flows under debt ceiling

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  TGA down at 450b area now …  So let’s assume they keep screwing around and eventually bottom it out at 50b leaving the current threat at 4...
1 comment:
Tuesday, March 11, 2025

The Loan Lock Paradox — NeilW

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It’s been over ten years since the Bank of England published Money creation in the modern economy, yet despite that, I run into people daily...
7 comments:
Saturday, March 8, 2025

Grok: “cash injection pumping liquidity!”

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  Musk’s “AI” can’t apply regulatory math (maybe THIS is where he gets it?): The graph shows the Treasury General Account (TGA) balance drop...
3 comments:
Sunday, March 2, 2025

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It’s finally March 2025, and I can hardly believe that a date I’ve had in the diary for such a long time has finally arrived. It means, at l...

Treasury “injects cash!”

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  LOL … yo risk prices went DOWN you fcking idiots… it caused a sell off… forcibly adding non-risk to same system balance sheet causes risk ...
4 comments:
Sunday, February 23, 2025

Zero Interest Rate Policy (ZIRP) Primer — NeilW

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This primer outlines why the Zero Interest Rate Policy (ZIRP) is the most effective and equitable approach for the UK economy. It explains w...
3 comments:

The Introduction of the Euro–A Catalyst for Eurozone Economic Decline? The Effects of the Euro: An Analysis from a Modern Monetary Theory (MMT) Perspective — Jim Byrne

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“…whenever I am studying European data I think how stupid the European Monetary Union (EMU) is from a modern monetary theory (MMT) perspecti...
2 comments:
Friday, February 21, 2025

You Know Nothing About Economics—But there is no shame in that — Thomas Swan

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Good short explanation of MMT by an educator. (10 min. read) Pass it on. Education You Know Nothing About Economics—But there is no shame in...
Saturday, February 15, 2025

The Rise of the Modern Monetary System: An Integration of the Credit and State Money Approaches— L. Randall Wray

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 This working paper integrates the credit money approach (associated with Post Keynesian endogenous money theory) with the state money appro...
11 comments:

Episode 11 (S2) of the Smith Family Manga is now available–intergenerational tensions arise within the Smith household — Bill Mitchell

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Today (February 13, 2025), MMTed releases Episode 11 in the Second Season of our Manga series – The Smith Family and their Adventures with M...
Tuesday, February 11, 2025

DOGE rant

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Mike with epic rant against the DOGE propaganda .. instant classic!
1 comment:
Saturday, February 8, 2025

Trump's Executive Order to Rename Debt and Deficits — Stephanie Kelton

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Rename "debt" and "deficit" to reflect reality. The Lens Trump's Executive Order to Rename Debt and Deficits Stephan...
5 comments:
Thursday, February 6, 2025

Bessent says he and Trump focusing on 10-year Treasury yields—not Fed policy

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  This is 100% pure BS…. They surely want the Fed to lower the rates… don’t believe it… Bloomberg: Treasury Secretary Scott Bessent says he ...
1 comment:
Wednesday, February 5, 2025

The US Needs a Sovereign Wealth Fund Like a Fish Needs a Bicycle — Stephanie Kelton

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It was 2020, and Trump was responding to a question about a $6.2 trillion fiscal package (emergency COVID spending plus day-to-day operati...
3 comments:
Sunday, February 2, 2025

Your 4-Step Guide to Understanding the 2008 Financial Crash & Subsequent Recession From a Modern Monetary Theory (MMT) Perspective — Jim Byrne

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Politicians on both sides of the Atlantic are once again talking about rolling back banking regulations to kick-start growth. This article i...
13 comments:

Canada response to tariffs

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  Where was this play in the Art degree Keynesian free market fundamentalism playbook?  I thought the Canada people were just supposed to ad...

Fed on tariffs

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  LOL … then according to Art degree monetarists they should reduce the rate to figure of speech  “counter the headwinds!”.. which is what T...
1 comment:
Saturday, February 1, 2025

2025 Fiscal

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  Looks like DOGE/Elon trying to reduce top line by $1T by September… US GDP $27T/yr…. So no multiple that’s a direct 3.7% …  I guess they t...
3 comments:
Thursday, January 30, 2025

The Case of the Missing Report–Part 2 — Bill Mitchell

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Today, we solve the ‘Case of the Missing Report’. Recall from – The Case of the Missing Report – Part 1 – that the Asian Development Bank pu...

NVDA exports

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  Art degree morons as usual can’t understand the Accounting abstractions… think NVDA has to be shipping the REAL units to where the Account...
1 comment:
Monday, January 27, 2025

The Case of the Missing Report – Part 1 — Bill Mitchell

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 This blog post is a long time in gestation and I could have written in 2009 which is the relevant year of the events that I will document i...

The Impact of 25% Tariffs on Canadian GDP—The Bank of Canada vs Deepseek — Stephanie Kelton

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Stephanie asks Deepseek. The Lens The Impact of 25% Tariffs on Canadian GDP —The Bank of Canada vs Deepseek Stephanie Kelton | Professor of...
8 comments:
Sunday, January 26, 2025

What is the University of Michigan Survey of Consumer Sentiment Telling Us? — Stephanie Kelton

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 Expectations. The Lens What is the University of Michigan Survey of Consumer Sentiment Telling Us? Stephanie Kelton | Professor of Public P...

Source of funds for tariffs

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  This statement/tweet isn’t exclusively true: MAGA will do whatever, but tariffs are taxes we pay on imports. It's time media outlets c...
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A Framework for a Basic Bank — NeilW

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In analysis, it’s helpful to simplify and focus on the core elements of a system. Today, we will identify the essential processes and struct...
2 comments:
Friday, January 24, 2025

Climate nutters useful idiots for insurance scammers

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  Can’t even make it up… moron intellectual degenerate Art degree climate nutters (who couldn’t tell you the atomic number of hydrogen) runn...