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Friday, November 26, 2021

Modern Monetary Theory in the Periphery: What does MMT have to offer developing nations? — Ndongo Samba Sylla

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MMT is getting around. Rosa Luxemburg Stiftung Modern Monetary Theory in the Periphery: What does MMT have to offer developing nations? Ndon...
1 comment:
Thursday, November 25, 2021

J. W. Mason — Inflation is bad. But mass unemployment would have been worse.

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Lauren Melodia and I had an op-ed in the Nov. 21 Washington Post, challenging the idea that today’s inflation means that the stimulus measu...

The Sonnenschein-Mantel-Debreu Theorem — Lars P. Syll

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 Why conventional macro  based on Walrasian general equilibrium— which is all of it since it assumes rationality and general equilibrium  — ...

Scott Fullwiler and L. Randall Wray — It's Time to Rein In the Fed (Public Policy Brief)

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Scott Fullwiler and Senior Scholar L. Randall Wray review the roles of the Federal Reserve and the Treasury in the context of quantitative e...
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Bill Mitchell — When wages go up, we all benefit–what Starmer should have said

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The British Labour Party leader (for now) Keir Starmer gave a – Keynote Speech – to the Annual Conference of the Confederation of British In...
Wednesday, November 24, 2021

The Real Reason Why OPEC+ Won’t Open The Taps — Tsvetana Paraskova

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Shrinking spare capacity. Oilprice The Real Reason Why OPEC+ Won’t Open The Taps Tsvetana Paraskova https://oilprice.com/Energy/Crude-Oil/T...
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Links — 24 Nov 2021

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The Grayzone Corrupting science: in Syria probe, OPCW erased experts’ inconvenient findings Aaron Maté https://thegrayzone.com/2021/11/22/co...
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My new podcast episode is out

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The Truth About Inflation — Blair Fix

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Why economists' talk about "inflation" is largely BS. Economics from the Top Down The Truth About Inflation Blair Fix

Dani Rodrik’s Primer on Trade and Inequality — Prakash Loungani

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Free capital flow increases inequality. No surprise. That is what is supposed to happen with capital accumulation under capital, where capit...

Graber And Wengrow Yet Again — Robert Paul Wolf

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Some comments on David Graeber and David Wengrow's The Dawn of Everything: A New History of Humanity. This was Devid Graeber's last ...
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China's Tech Regulators Strike Again — Angela Huyue Zhang

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When Apple began asking iPhone users whether they wanted to opt out of data tracking, 84% said yes – dealing a major blow to platforms whose...
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Playing With The Strategic Petroleum Reserve — J. Barkley Rosser

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Playing politics? Econospeak Playing With The Strategic Petroleum Reserve J. Barkley Rosser | Professor of Economics and Business Administr...

Bill Mitchell — Governments should not ‘cool’ an economy or cut deficits when there are millions unemployed still

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It’s Wednesday and only a few items today. It seems that the mainstream economists are emerging again and making all sorts of claims that fi...

Rate increases

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  It’s as if the Fed did two 0.25% rate increases over the last two months: The Treasury yields making new 2021 highs today: 2s 3s 5s 7s pic...
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Tuesday, November 23, 2021

Turkey “inflation!”

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  Whaaaaattt??? More figurative “inflation!” bullshit from the Art Degree morons: Fucking .29 at Lidl, Food Dog and Giant .39, Pubics .49, W...
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Geopolitika — This is how civilisations collapse

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The realm of the possible is becoming the realm of the probable. Thinking ahead. Geopolitika This is how civilisations collapse https://www...
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Monday, November 22, 2021

Bill Mitchell — Poverty is about lack of opportunity not individual characteristics

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When I was a postgraduate student at Monash University in Melbourne, I had many debates with a senior academic who would become a co-author ...
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Falling into Line: Turning Endless Deficits into a Power Base — Michael Hudson

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Michael Hudson Interviewed on Kevin Barrett’s Truth Jihad Radio , 11/15/21 Podcast and transcript. Michael Hudson — On Finance, Real Estate...
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Looking Back at How I was Looking Ahead — Stephanie Kelton

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Inflation in the rear view mirror. Video. The Lens Looking Back at How I was Looking Ahead Stephanie Kelton | Professor of Public Policy an...
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Interest Rate Policy Versus Alternatives — Brian Romanchuk

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One of the ongoing arguments about Modern Monetary Theory (MMT) that I run across is the general disdain for monetary policy among MMT propo...

The Amygdala-Prefrontal Cortex Connection is Crucial

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 What is causing so many people to take antidepressants? If you add up together all the percentages of the people who suffer from mental ill...
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Sunday, November 21, 2021

Bill Mitchell — The current inflation trajectory still looks to be transitory

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On November 11, 2021, the Bank of International Settlements (BIS) related their BIS Bulletin No. 48 – Bottlenecks: causes and macroeconomic ...
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Links — 21 Nov 2021

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Jonathan Turley Fighting “Information Disorder”: Aspen’s Orwellian Commission on Controlling Speech in America Jonathan Turley | Shapiro Pro...
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Now That’s Hyperinflation — Menzie Chinn

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Cagan’s definition of hyperinflation. Econbrowser Now That’s Hyperinflation Menzie Chinn | Professor of Public Affairs and Economics, Rober...
Saturday, November 20, 2021

Going Underground - Alastair Crooke: Russia🇷🇺 & China🇨🇳 Not Accepting Declining US Shaping The International Order!

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 The Biden Administration is being very hawkish towards Russia and China.  On this episode of Going Underground, we speak to former Middle E...
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Fiscal Muscle–How was it ever in doubt? — Stephanie Kelton

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Contra Larry Summers. The Lens Fiscal Muscle–How was it ever in doubt? Stephanie Kelton | Professor of Public Policy and Economics at Stony ...

Mackindergarten Lesson — Patrick Armstrong

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Important. More on the intersection of geoeconomics and geopolitics/geostrategy. Strategic Culture Foundation Mackindergarten Lesson Patric...
Thursday, November 18, 2021

Found in Translation: New York Times Says Democrats Shouldn't Challenge Oligarchy Norman Solomon, Jeff Cohen

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Got that? Sit down, shut up, and follow the playbook. Common Dreams Found in Translation: New York Times Says Democrats Shouldn't Challe...
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Alfred McCoy — Are Imperial World Orders Heading for Extinction?

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Alfred McCoy speculates about the likely economics and political consequences of climate change given what is known presently. Of course, a ...
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