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Wednesday, January 31, 2024

China is ‘world’s sole manufacturing superpower’, with 35% of global output — Ben Norton

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China’s state-led economic development model and robust industrial policy has transformed it into what an influential European think tank ca...
5 comments:
Tuesday, January 30, 2024

Wishful thinking

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  It’s wishful thinking to think it’s being driven by wishful thinking… The EU's idea of the reform of the fiscal framework is unworkabl...
12 comments:
Monday, January 29, 2024

Anything we can actually do, we can afford — Bill Mitchell

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I often make the point in talks that the fictional world that mainstream economists promote leads to poor decisions in the real world by our...
4 comments:
Friday, January 26, 2024

Pepe Escobar: Five Variables Defining Our Future

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 Pepe Escobar relies heavily on Michael Hudson's economic analysis for his five "variables." Sputnik International Pepe Escoba...
12 comments:
Wednesday, January 24, 2024

This Is How Money Works (Video) — Dave Johnson

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For the record. Warren Mosler. Seeing the Forest This Is How Money Works (Video) Dave Johnson

Lower British fiscal deficit gives the central government no more or no less capacity to net spend to reduce unemployment — Bill Mitchell

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Today, I reflect on the latest public finance data released by the British Office of National Statistics which shows the fiscal deficit is s...
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Monday, January 22, 2024

Civil society is in jeopardy in the UK as funding cuts erode local government capacity — Bill Mitchell

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I keep hearing from friends who live in Britain that I will be shocked when I get there on Thursday of this week after a nearly four year ab...
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Why The "Friedman Thermostat" Analogy Should Be Uncomfortable For The Mainstream — Brian Romanchuk

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 More on "inflation" and the policy rate. Bond Economics Why The "Friedman Thermostat" Analogy Should Be Uncomfortable F...

Russia And Iran Finalize 20-Year Deal That Will Change The Middle East Forever — Simon Watkins

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Iran’s Supreme Leader Ayatollah Khamenei gave his official approval to a new 20-year comprehensive cooperation deal between the Islamic Repu...
2 comments:
Saturday, January 20, 2024

QT

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  We can’t forget this QT is still happening in the background too… in view of S&Ps recovering back to a old 2 year high this week… Fed ...
5 comments:
Friday, January 19, 2024

Waller Comments — Brian Romanchuk

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More on "inflation." Bond Economics Waller Comments Brian Romanchuk
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Stephanie Kelton Thinks the Conventional Wisdom Is Changing — Jacobin's Lukas Scholle interviews Stephanie Kelton

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Economist Stephanie Kelton has made a name for herself by insisting that deficits don’t matter. In an interview with Jacobin, she argues th...
4 comments:
Thursday, January 18, 2024

Michael Hudson on the state of the world

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Danny Haiphong interviews Micheal Hudson. Video and transcript. Michael Hudson — On Finance, Real Estate And The Powers Of Neoliberalism Cre...

The Smith Family manga continues—Episode 10 is now available — Bill Mitchell

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Episode 10 in our new Manga series – The Smith Family and their Adventures with Money – is now available. We are approaching the climax for ...

Bidenomics

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 Nice rant… Dems in big trouble…. Best rant ever. 🔥🔥🔥 “4 years ago my rent was $1,200 a month… it’s now $2,100!” “My car insurance from 4...
17 comments:
Wednesday, January 17, 2024

Inequality Inc. How corporate power divides our world and the need for a new era of public action — OXFAM International

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Overview Since 2020, the richest five men in the world have doubled their fortunes. During the same period, almost five billion people globa...

China is the world’s sole manufacturing superpower — Richard Baldwin

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Read Yves Smith's intro for a significant qualifier. Naked Capitalism China is the world’s sole manufacturing superpower Richard Baldwin...
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Japan inflation now falling fast—monetary and fiscal policy settings have been vindicated — Bill Mitchell

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The latest information from Japan suggests that in December 2023, its inflation fell sharply for the second consecutive month and that one m...
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Links — 17 Jan 2024

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Economics fails not merely to account for biophysical limits to growth but to account for actual and potential alternative provisioning syst...
1 comment:
Monday, January 15, 2024

The social costs of greenhouse gas emissions in health care are astounding — and we’ve been ignoring them completely — David Introcaso

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The social cost of greenhouse gas (GHG) emissions, considered the single most important measure in addressing the climate crisis, is general...
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A Response To A Question About Post-Keynesian Interest Rate Theories (...And A Rant) — Brian Romanchuk

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I got a question about references for post-Keynesian theories of interest rates. My answer to this has a lot of levels, and eventually turns...
14 comments:
Saturday, January 13, 2024

Year of the Dragon: Silk Roads, BRICS Roads, Sino-Roads — Pepe Escobar

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Pepe Escobar's forecast on Eurasian development in the coming year. Strategic Culture Foundation (sanctioned by the US Treasury Departme...
Tuesday, January 9, 2024

“Inflation”

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This aggregate general price increase isn’t going to be reversed by November by keeping the current risk free rate static… so the Biden peop...
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Monday, January 8, 2024

"Medieval doctors drew blood; modern central bankers raise interest rates" — Bethesda 1971

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Daily Kos? Yep. At least some of the so-called "left" are waking up? The quotes is from a recent piece by James K. Galbraith and t...
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So-called ‘Team Transitory’ declared victors — Bill Mitchell

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On June 8, 2021, the UK Guardian published an Op Ed I wrote about inflation – This article is more than 2 years old: Price rises should be s...
3 comments:
Sunday, January 7, 2024

The Conceptual Roots of the Global South’s Debt Crisis — Ndongo Samba Sylla

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Modern Monetary Theory provides a useful lens through which to view the mounting sovereign-debt crisis in the developing world. It sheds lig...
2 comments:
Saturday, January 6, 2024

Central bankers on their ability of banks to create money out of thin air — Richard Murphy

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Quotes and links to sources. Funding the Future Central bankers on their ability of banks to create money out of thin air Richard Murphy Se...
11 comments:
Thursday, January 4, 2024

Predictions 2024 — Michael Hudson

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Video and transcript. Michael Hudson — On Finance, Real Estate And The Powers Of Neoliberalism Predictions 2024 Michael Hudson | President o...
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The Smith Family manga continues – Episode 9 is now available Bill Mitchell

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Episode 9 in our new Manga series – The Smith Family and their Adventures with Money – is now available. We are approaching the climax for S...

MMS London Event – Friday, January 26, 2024 — Bill Mitchell

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As I previously indicated I am returning to Europe and the UK in a few weeks for the first time since the Covid pandemic began. I will provi...