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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...
3 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...
3 comments:
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 ...
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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 University
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:
Monday, November 4, 2024

Government job creation programs deliver significant (net) long-term benefits — Bill Mitchell

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On April 5, 1933, US President Roosevelt made an executive decision to create the – Civilian Conservation Corps (CCC) – which was a compone...

MMT — debunking the deficit — Lars P. Syll

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Lars comments on a quote from Stephanie Kelton's The Deficit Myth showing the loanable funds theory being inconsistent with stock-flow ...
1 comment:
Sunday, November 3, 2024

24 per cent annual interest on time deposits: St Petersburg Travel Notes, installment three — Gilbert Doctorow

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Not much happening regarding MMT these days. Herer is an anecdotal report on Russian banking. And, yes, you read that right. You get 24% not...
3 comments:
Saturday, November 2, 2024

Did The Latest BRICS Summit Achieve Anything Of Tangible Significance At All? — Andrew Korybko

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The conclusion is that it’s a lot easier to talk about creating truly alternative institutions than actually doing so, which means that BRIC...
5 comments:
Wednesday, October 23, 2024

Rate policy

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  Democrat rate policy still has US overnight risk free IOR rate at 4.9% so what is so bad about a 10yr risk free UST rate of 4.2%?   It’s s...
2 comments:
Monday, October 21, 2024

Pepe Escobar —Date With Destiny–BRICS Offers Hope in a Time of War

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Pepe Escobar summarizes the state of play at the outset of the BRICS conference as it begans in Kazan, the capital of Tatarstan, Russian Fed...
16 comments:
Sunday, October 20, 2024

BRICS plans ‘multi-currency system’ to challenge US dollar dominance: Understanding Russia’s proposal — Ben Norton

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The BRICS Cross-Border Payment Initiative (BCBPI) will use national currencies, instead of the US dollar. Russia’s finance ministry and cent...
3 comments:

BRICS—facts and figures — Peter Hanseler/Denis Dobrin

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Introduction In the first part of this year’s BRICS series, we described the geopolitical environment in which BRICS is currently operating ...
Thursday, October 17, 2024

The Boy Who Cried Wolf About Government Debt —Yeva Nersisyan, L. Randall Wray

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In a New York Times editorial, David Leonhardt recounts Aesop’s apocryphal story about the boy and the wolf, warning that while deficit hawk...
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Improvement Of The International Monetary And Financial System — The Ministry Of Finance Of The Russian Federation, Bank of Russia, Yakov and Partners

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This is what will be presented at the upcoming BRICS + meeting. Download report at link below. Description on X here . (It's nothing lik...
5 comments:

Episode 7 (S2) of the Smith Family Manga is now available–A revealing Zoom session — Bill Mitchell

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Today (October 18, 2024), MMTed releases Episode 7 in the Second Season of our Manga series – The Smith Family and their Adventures with Mon...

How Australian Monetary System Favours the Powerful — Denis Hay

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MMT to the rescue (from neoliberalism). This applies similarly to other countries running under neoliberalism, which can be broadly characte...
Friday, October 11, 2024

LA Woman

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Great breakdown of a great song (by The Doors) by these 2 Millennial black bros… never understood the song as a metaphor for the city of Los...
29 comments:
Wednesday, October 9, 2024

The Deficit, the National Debt, and why we don’t have to worry about them. — John Rudden

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Short article on Stephanie Kelton's The Deficit Myth . Daily Kos The Deficit, the National Debt, and why we don’t have to worry about th...
6 comments:
Wednesday, October 2, 2024

Episode 6 of the Smith Family Manga (Season 2) is now available— Bill Mitchell

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Today (October 3, 2024), MMTed releases Episode 6 in the Second Season of our Manga series – The Smith Family and their Adventures with Mone...
11 comments:
Tuesday, October 1, 2024

Modern Monetary Theory film proves finding the cash isn't the problem — William Thomson

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As we have been writing for over a year in this newsletter, the UK Government, as the issuer of the UK pound, can never run out of money. Th...
32 comments:
Monday, September 30, 2024

Class origins matter – but who are the agents of change? — Bill Mitchell

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Not MMT or economics as such but it is interesting in that Bill is an MMT founder so his stance on economic sociology is relevant.  There wa...
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The ball is now in Finance Ministry's court, Chinese economists say — Zichen Wang

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Apparently many influential Chinese economists are old-style Keynesians. There is no indication that they understand the basic principle of ...
Saturday, September 21, 2024

How I came to MMT — Robert Cauneau

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 The discovery of a monetary approach, which, in this case, not only relates to a field that I was not familiar with, but also constitutes a...
37 comments: