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Wednesday, July 30, 2025

The dollar system in an age of market-based finance - financial globalization beyond banks — Adam Tooze

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How, after the GFC, the dollar is of key importance in global finance owing to the role of US Treasuries as a safe, high-liquidity asset. Ch...
1 comment:
Sunday, July 27, 2025

Grok on “money!”

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  Reply not too shabby… progress in the AI space … now over to Art degree and other uneducated people… No, the USA isn't "out of mo...
Saturday, July 26, 2025

Michael Hudson: The Economics of a Civilizational Conflict (Transcript)

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Full transcript of world-renowned classical economist Prof. Michael Hudson in conversation with Norwegian writer and political activist Prof...
Friday, July 25, 2025

Pressure on Powell

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  GOP pressure on Powell to resign is relentless and it’s no longer just Trump its expanded to coming from other Admin members and now GOP C...
3 comments:
Friday, July 11, 2025

Someone Is Closely Front-Running Trump's Trade Announcements — Thomas Neuburger

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Was someone leaking his information? The timing looks suspicious. God's Spies Someone Is Closely Front-Running Trump's Trade Announc...
2 comments:

Eric Idle: "I'd be proud to be thrown out of America"

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Former Monty Python star and bonehead, Eric Idle, says he'd be proud to be thrown out of America. Is he here? If so, then kick him out, ...
Thursday, July 10, 2025

MMT: Heuristics versus Paradigm Shift? — Randy Wray

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Randy Wray, one of the co-founders, critiques the current way of presenting MMT and finds it wanting. He suggests a path to a more realistic...
3 comments:

A (belated) Look at Finding the Money —Steve D. Grumbine

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Other than Bill Mitchell, MMT economists largely pass over the implications of MMT for social, political and economic reform, all of which a...
1 comment:
Tuesday, July 8, 2025

MMT and Post-Keynesian Economics: A New Paper on Ontological Differences— NeilW

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In our new paper we utilise Marc Lavoie’s 2024 critique of Modern Monetary Theory (MMT) to contrast the ontological foundations, methodologi...
Friday, July 4, 2025

“Debt Ceiling!” increased by $5T

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  Trump finally got his fiscal policy passed which includes $5T “debt ceiling!” increase which btw liberal Democrats shitting all over… The ...
4 comments:
Thursday, July 3, 2025

Mike epic rant

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  This from Mke years ago but 100% still in play… 100%  still in play… maybe Trump at best delaying it.,, MMT Art degree morons: you have go...
1 comment:
Monday, June 30, 2025

Trump should have allowed Israel to kill the fucking Ayatollah

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Iran issues fatwa against Donald Trump: "Enemy of God" Why did Trump let this piece of shit murderous cocksucker live? I have no i...
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Sniper kills firefighters! Inexcusable, cowardly, disgusting act of violence.

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Who kills firefighters? Our true heroes are there to protect lives and property. Apparently, some crazed lunatic in Idaho started a fire and...
Sunday, June 29, 2025

Beyond Solvency — Warwick Powell

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MMT-based. Warwick Powell's Substack Beyond Solvency Warwick Powell | Adjunct Professor at Queensland University of Technology and a Se...
2 comments:
Thursday, June 26, 2025

Functional Equation

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  The interest rate is in the denominator… Plan accordingly…
18 comments:
Wednesday, June 18, 2025

SLR Review

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Apparently the regulatory adjustment is now to lower the overall ratio for the individual institutions rather than exempt reserve assets and...
4 comments:
Friday, May 30, 2025

Rethinking Russia's War Chest — NeilW

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A recent BBC headline, “How the West is helping Russia to fund its war on Ukraine,” published on May 30, 2025, presents a familiar narrative...
3 comments:
Saturday, May 24, 2025

Bessent: could change SLR over summer

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 Significant in helpful way: See here entire US banking system added about $500B loans and lease Assets in over an entire year: While Treasu...
3 comments:
Thursday, May 8, 2025

Trump stablecoin off and running

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Trumps USD1 now up to $2.2B issued in just a couple of weeks on an exchange… at the Fed’s current screw Trump 4.40% risk free rate he’s alre...
4 comments:
Thursday, May 1, 2025

US National Accounts – growth contracts but likely to be temporary — Bill Mitchell

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 People are closely watching the US data at present to see what the impacts of the recent tariff decisions by the new US President might hav...
2 comments:
Saturday, April 26, 2025

A Wake for a Dying System—Spring Meetings, Sovereign Debt & ChangeNow Summit — Fadhel Kaboub (MMT economist)

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This week's gathering in Washington DC for the annual meetings of the World Bank and the IMF should be a wake for a dying global economi...
2 comments:
Friday, April 25, 2025

Misreading the Signs: Why High UK Borrowing Doesn't Mean Financial Crash — NeilW

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 Matthew Lynn’s recent article (“The UK is heading for a full-blown financial crash, and nothing can stop it now”) paints a dramatic picture...
2 comments:
Wednesday, April 16, 2025

Capital Flight: A Misconception — NeilW

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Recent commentary has expressed concern that investors are “taking their money out of America”. Such claims invoke the idea of capital fligh...
11 comments:
Sunday, April 13, 2025

DOGE Goons Physically Drag Social Security Worker From Desk

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 DOGE "goons?" Seriously? A bunch of computer geeks? How tough can they be? This shit's getting ridiculous.
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Dimon implying an upcoming Treasury auction failure

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  Dimon seeing another regulatory snafu coming up and Fed going to have to suspend SLR again… same thing as spring 2020 … they never learn.....
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“Tariff” reprieve

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  Maybe Cook and the other US multinational CEOs had to finally break the news to the Art degree morons in Trump & Co that the “trade de...
Tuesday, April 8, 2025

The Accursed Tariffs — NeilW

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Many electrons have been inconvenienced over this topic, and most have been in vain. I’ve wondered all week whether I had anything meaningfu...
5 comments:

IRS has agreed to share migrants’ tax information with ICE

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  So imminently employers of  millions of illegals are gonna be submitting their FICA tax reports containing those now DOGE deleted 9M SSNs ...
Monday, April 7, 2025

Trump's "Liberation Day": Another PR Gag, or Global Reorientation Turning Point? — Simplicius

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 I am a bit late with this. I have been jammed this week and just got to. It's an explanation of the Trump tariffs.  It's the brain ...
1 comment:

US government is pinning its tariff hopes on some unlikely to be realised assumptions— Bill Mitchell

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 Last week, the US President honoured his election promise, indeed his long-held commitment, to increase tariffs on imported goods and servi...