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Wednesday, September 24, 2014

Peter Martin — Loan repayments destroy credit money. Right? Wrong. They don’t.

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It is important to distinguish between the IOU of the borrower held by the bank when the loan is issued, which is indeed destroyed on repay...
62 comments:

Post Keynesian Conference Goes Live Tonight

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The 12th International Post Keynesian conference, cosponsored by the University of Missouri–Kansas City, Journal of Post Keynesian Economic...
2 comments:

There is no lending solution to an income problem

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Working people need more income, not more debt. Yesterday’s release of Home Mortgage Disclosure Act (HMDA) data revealed that lending to A...
11 comments:

Whoops: Caroline Wozniacki forgot to pick up her $1.45 million check at the U.S. Open

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Revealing story at FoxSports here . Turns out Wozniacki doesn't concern herself with finances, barely keeping track of the nearly $10...
39 comments:
Tuesday, September 23, 2014

Dmitry Sokolov-Mitrich — The Russia They Lost

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Powerful confessional about the loss of American soft power, and really, the loss of America. Is the great experiment over? Has America m...

Ambrose Evans-Pritchard — Germany's Ukip threatens to paralyse eurozone rescue efforts

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Trouble in Deutschland. Trouble in France. And trouble for the EZ. The political climate in the eurozone’s two core states is now extrao...
4 comments:

Noah Smith — Will lack of tax hikes crash the Japanese economy?

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Hyperinflation seems to be in the air. So what [Adam] Posen is saying is essentially that debt monetization will lead international inves...
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Brian Romanchuk — A MMT View On The Theory Of Hyperinflations

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The post " CMMT - Cate's Modern Monetary Theory " (on Seeking Alpha; free registration required) by Vincent Cate attracted a ...
3 comments:

Joesph Stiglitz — "The U.S. will always pay its debt. Because it just prints the dollars."

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Stiglitz: "The U.S. will always pay its debt. Because it just prints the dollars." "Let me assure you the U.S. will a...
7 comments:

Steve Keen — The overdue Copernican Revolution in Economics

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This is the talk I gave at the first con­fer­ence of the Inter­na­tional Stu­dent Ini­tia­tive for Plu­ral­ism in Eco­nom­ics , held in the...

Ankit Panda — China's Military May Have Gone 'Rogue' After All

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Xi Jinping isn’t happy with the PLA’s chain of command, suggesting that he may lack complete control. Possibly important. The Diplomat Ch...
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Monday, September 22, 2014

Elena Holodny — ROSENBERG: There's A Better Way To Trade Global Instability Than By Buying Gold

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"Ordinarily, gold and commodities fare well in periods of global political tensions, but not this time, perhaps owing to the softness ...

Robert Parry — High Cost of Bad Journalism on Ukraine

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The costs of the mainstream U.S. media’s wildly anti-Moscow bias in the Ukraine crisis are adding up, as the Obama administration has decid...
11 comments:

Wounded Veterans: The One time We Can't Afford An Ounce Of Prevention? It Is Criminally Stupid To Allow This Neglect.

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   (Commentary posted by Roger Erickson) And it's worse than even that statistic implies. Much worse. Yet that's how we repay thos...

Vincent Cate — CMMT - Cate's Modern Monetary Theory

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This CMMT model is just a slight correction to MMT or Modern Monetary Theory . While they have #1,#2,#3 above they are not consistent in ho...
195 comments:

Tony Wikrent — US elites beginning to realize there's a problem

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There were two important articles in Foreign Affairs, the quarterly journal and associated website run by the Council on Foreign Relations....

Philip Pilkington — Is Economics a Science? Dogmatic Economics Vs. Reflective Economics

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Meaning is contextual. Economics is a social science, therefore, its context is historical time. The only timeless laws in social science ...
1 comment:

Argentina's Fernandez to meet billionaire investor Soros in New York

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Looks like the INET organization may be coming into some more "money", story from Reuters via Yahoo! here . Argentine Presiden...
7 comments:

Lars P. Syll — Keynes vs. Wicksell on loanable funds theory

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"The fundamental difference between Keynes and Wicksell and in general the supporters of the LFT [Loanable Funds Theory] lies in the s...

Bill Mitchell — G20 meetings and structure part of the problem

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The G20 structure is part of the problem and given its current ideological outlook will never be anything but. It is just an excuse for w...
Sunday, September 21, 2014

Any Idea How The "Economics" Discipline Missed 500 Years Of Bio/Anthro/Sociological Science?

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   (Commentary posted by Roger Erickson) Not to mention 10,000 years of myth & religion, and +200,000 years of human cultural operatio...

Scott Kaufman — Former Blackwater CEO Erik Prince says his mercenaries could have stopped ISIS if not for Obama

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At the Maverick PAC’s annual conference Friday night, Blackwater founder and former CEO Erik Prince said it was “a shame the [Obama] admin...
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Paul R. Pillar — Neocons Grow Frantic over Iran Progress

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With an agreement on constraining Iran’s nuclear program within reach, Official Washington’s neocons are getting apoplectic about the need ...

Joe Conason — Americans' Faulty Memory: Polls Show Majority Like GOP's Discredited War Policies

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If the latest polls are accurate, most voters believe that Republican politicians deserve greater trust on matters of national security. At...
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Peter Dorman — Why Paul Krugman Is Wrong about the Cost of Climate Protection, and Why it Matters

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Who’s right, those who think that economic growth can’t coexist with protection of the climate, or Paul Krugman who says “saving the planet...

Chris Dillow — Capitalism & The Low-Paid

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Is capitalism compatible with decent living standards for the worst off*? This old Marxian question is outside the Overton window, but it...

Heidi Moore — Brad DeLong, Tyler Cowen, Stephanie Kelton and Emanuel Derman on Why is Thomas Piketty's 700-page book a bestseller?

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Thomas Piketty is a French economist whose Capital in the Twenty-First Century has swept American discourse. Four experts – Brad DeLong, Ty...

Lars P. Syll — The loanable funds fallacy

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Keynes and Minksy answer Krugman and Mankiw. Lars P. Syll’s Blog The loanable funds fallacy Lars P. Syll | Professor, Malmo University
Saturday, September 20, 2014

AFP — Mikhail Khodorkovsky breaks political silence, saying he would lead Russia

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The plot thickens. The West definitely wants regime change back to the pro-Western oligarchs and oligarchic "democracy." Grooming...
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Saker — Ukraine SITREP September 20, 23:34 UTC/Zulu: War or Peace?

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Long but useful if you are following this. The Vineyard of the Saker Ukraine SITREP September 20, 23:34 UTC/Zulu: War or Peace? Vineyardsa...