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Thursday, December 16, 2021

GDP's Days Are Numbered — Diane Coyle

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Ditching gross domestic product as the main gauge of prosperity was always impossible in the absence of broad agreement about what the alter...
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China is securing battery metals on the global stage — J.Heller

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Merics China is securing battery metals on the global stage J.Heller https://merics.org/en/tracker/china-securing-battery-metals-global-stag...

The five laws of stupidity — Richard Murphy

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Moron check. Tax Research UK The five laws of stupidity Richard Murphy | Professor of Practice in International Political Economy at City Un...
Wednesday, December 15, 2021

Bill Mitchell — Australian labour market rebounds strongly after lockdown ends but still 1.6 million (12.1 per cent) without enough work

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The Australian Bureau of Statistics released the latest labour force data today (December 16, 2021) – Labour Force, Australia – for November...

Russia and China are “more than allies” — The Saker

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Ok, there is is. They totally get that the US and UK aided by the rest of Five Eyes (Canada, Australia, and NZ) are actively trying to take ...
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Economics as a community — Andrew Gelman

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 One factor in the economics community hanging together on the normal paradigm is the assumption that economics is a natural science like ph...
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Bill Mitchell — Sunak–(bad) comedian of the year

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It’s Wednesday and I load up other things to do on this day and thus write less here. I also am in the process of moving offices at the Univ...
Tuesday, December 14, 2021

Russia-China alliance at the tipping point M. K. Bhadrakumar

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 I would assess that it is now beyond the tipping point. Russia and China are all but declared allies• at this juncture. In addition to a fo...
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Seven Replies to the Critiques of Modern Money Theory — Eric Tymoigne

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Modern Money Theory (MMT) has generated considerable scrutiny and discussions over the past decade. While it has gained some acceptance in t...

The US has consistently applied double standards on democracy and human-rights issues. — Sun Xi

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On December 9 and 10, US President Joe Biden held a virtual Summit for Democracy with representatives from 108 selected countries. The summi...

Collected Works of Warren Mosler

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Website Collected Works of Warren Mosler http://www.collectedworksofwarrenmosler.com/http://www.collectedworksofwarrenmosler.com/

Political Philosophies and Positive Political Psychology: Inter-Disciplinary Framework for the Common Good — Masaya Kobayashi

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This manuscript explores the relationship between positive psychology and political philosophy, revealing an inter-disciplinary approach tha...

The Summit for Socialist Democracy — Charles McKelvey

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Capitalist democracy" is an oxymoron, capital (ownership) being favored institutionally over land (environment, ecology) and labor (mos...
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Bill Mitchell — Teaching disadvantaged adults about child development is an effective way to reduce inequality

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Some recent research highlights the point I have made in the past that who your parents are matters for your future prospects. We all make c...
Monday, December 13, 2021

Putin’s coup In India Will Shock The U.S. — Simon Watkins

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Not only economic but also strategic. Oilprice Putin’s coup In India Will Shock The U.S. Simon Watkins

Major Cuts in Military Spending Are the Best Way to Revive Our Democracy — W. J. Astore

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I am not sure about the best way, but cutting military spending would be a step in the right direction for many reasons. It [the military bu...

China’s Coming Property Correction: A Managed Soft Landing — Houze Song

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The coming property correction is inevitable, and the extent of the impact on the overall economy depends highly on how it is managed. Just ...

Modi and His Brand of Hindutva Are Direct Descendants of the British Raj and its Policies — Arjun Appadurai

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Keeping up with India. Many of his policies draw from Imperial rule and treats dissidents as a threat, just as the British did. The more thi...
Sunday, December 12, 2021

Bill Mitchell — Central banks are resisting the inflation panic hype from the financial markets – and we are better off as a result

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Regular readers will know that I think the current inflationary phenomenon is transitory. They will also know that I see the continual claim...
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Why Tariffs On Chinese Solar Panels Failed — Rystad Energy

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If the object was to limit imports from China the tariff was successful. If to stimulate domestic production, the tariff was a miserable fai...

Zero Hedge — DHL Is Keeping Pace With The Holiday Rush By Adding 1,500 New Robots

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 This is actually a big step forward although labor is unlikely to view it that way.  This is what is supposed to happen in the case of tech...
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Ramesh Chandra On Nicholas Kaldor And Circular Cumulative Causation — V. Ramanan

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Kaldor quote. Free trade leads to inequality by favoring endowments, i.e. developed regions over emerging ones. Although the post doesn'...
Saturday, December 11, 2021

School of Life - Why we should feel sorry for High Achievers

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It is a measure of our collective delusion that we are so ready to be proud of high achievers and so slow to detect the wound that powers th...

A Guardian article on the threat from modern monetary theory was quite staggeringly wrong. This is the rebuttal. — Richard Murphy

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These claims are wrong. They are either not what MMT says or the telling is distorted. For the record, MMT actually says is quite different....
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Bidenflation

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  Sleepy Joe getting absolutely hammered by the “inflation!” schtick…. WATCH: CBS reports on Bidenflation and how wages have been “wiped out...
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Summers on “inflation”

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  Summers finally applying MMT…. Obama and Clinton economist Larry Summers: Prices will be "higher in 2022 and 2023 with [Biden's] ...
Friday, December 10, 2021

John Roberts warns his fellow justices against Texas nullification: ‘Our constitutional system is at stake’ — Raw Story

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Chief Justice John Roberts cited two cases from early constitutional law with a dire warning as the U.S. Supreme Court on Friday delivered a...
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Still Flying Blind after All These Years: The Federal Reserve’s Continuing Experiments with Unobservables — Dimitri B. Papadimitriou and L. Randall Wray

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Institute President Dimitri B. Papadimitriou and Senior Scholar L. Randall Wray contend that the prevailing approach to monetary policy and ...

A rebuttal to the Guardian monetary theory article – Peter May

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Peter May goes through Satyajit Das's points one by one and finds them wanting. Progressive Pulse A rebuttal to the Guardian monetary th...

The Decoupling Prophecy — Yu Yongding

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China’s current role in the global economy might not be exactly what the United States envisioned when it supported the country’s accession ...