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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...
1 comment:

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...
1 comment:

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:
Friday, September 20, 2024

China shit market

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  Commies dilute their productive capital with unproductive commie bullshit = 0… Here is a wild chart. The total return on Chinese stocks si...
21 comments:
Monday, September 16, 2024

The 20 EMU Member States are not currency issuers in the MMT sense — Bill Mitchell

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For some years now (since the pandemic), I have been receiving E-mails from those interested in the Eurozone telling me that the analysis I ...
37 comments:
Sunday, September 15, 2024

(II) Xu Gao's case for Beijing to spend — Yuxuan JIA and BU, Xiaoqing

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Xu Gao, the Chief Economist and Assistant President of Bank of China International Co. Ltd., and an adjunct professor of the National School...

Trump to roll out DeFi project this week

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Looks like Trump going to start a crypto exchange and a USD stable coin… 🤔 . @WorldLibertyFi is helmed by @realdonaldtrump 's sons, @E...
26 comments:
Wednesday, September 11, 2024

Xu Gao's case for stimulus—Chief Economist of Bank of China International tears apart the opposition — Yuxuan JIA and BU, Xiaoqing

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 MMT without naming it. Xu Gao, the Chief Economist and Assistant President of Bank of China International Co. Ltd., and an adjunct professo...
15 comments:
Tuesday, September 10, 2024

Wholesale Payments Systems and Bank Reserves — Brian Romanchuk

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Some of the nity-gritty involving payments systems that underlies some institutional arrangement needed to understand MMT's analysis. Bo...
22 comments:

The Myth That the US is Rapidly Approaching Bankruptcy — Michael Hudson

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 Yves Smith's introduction Yves here. It is frustrating to see a normally solid YouTuber almost go off the rails by getting outside his ...
4 comments:

Modern Monetary Theory: Economics for the 21st Century – MOOC – now available via MMTed.org — Bill Mitchell

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I am travelling all day tomorrow so I am bringing forward the normal blog post to today. I am pleased to announce that from today the MMT MO...

Trump 3% Mortgage Policy

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  Trump promising a return to 3% mortgages if he can get back in… He’ll have to tell his Central Bank to lower the policy rate down to at le...
Monday, September 9, 2024

Episode 5 of the Smith Family Manga (Season 2) is now available – the Finance Report hots up Bill Mitchell

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Today (September 6, 2024), MMTed releases Episode 5 in the Second Season of our Manga series – The Smith Family and their Adventures with Mo...
Saturday, September 7, 2024

Short term interest rate characteristics…

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Some concern by Monetarists out there that current short term risk free rate of interest compared to the average of a past period of the sho...
14 comments:
Thursday, August 29, 2024

Some debriefing on continuous fiscal deficits and debt issuance — Bill Mitchell

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A government cannot run continuous fiscal deficits! Yes it can. How? You need to understand what a deficit is and how it arises to answer th...
14 comments:
Friday, August 23, 2024

Episode 4 of the Smith Family Manga (S2) is now available — Bill Mitchell

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Today (August 23, 2024), MMTed releases Episode 4 in the Second Season of our Manga series – The Smith Family and their Adventures with Mone...
12 comments:
Sunday, August 18, 2024

Chartbook 310 The shock of the new: Dollar dominance and modern monetary macro in the 1920s. — Adam Tooze

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Not MMT but relevant historically. How the world got here ((to dollar hegemony), as well as to monetarism, the accounting identity that is, ...
22 comments:
Friday, August 16, 2024

NDX100 EPS

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  Something happened after the 2022 Biden unprecedented rate increases to really crush (-32%) the EPS of the NDX100… 🤔 With the implication...