Lars P. Syll

MMT — the key insights As has become abundantly clear during the last couple of years, it is obvious that most mainstream economists seem to think that Modern Monetary Theory is something new that some wild heterodox economic cranks have come up with. That is actually very telling about the total lack of knowledge of their own discipline’s history these modern mainstream guys like Summers, Rogoff and Krugman have. New? Cranks? Reading one of the founders of...

‘Har du modet att lyssna’  [embedded content] Poesi och musik i vacker förening. Hansson de Wolfe United — ett fenomen i svensk popmusik utan motstycke.

Identity politics is bullshit Identität ist alles. Ich. Meine Werte und meine Rechte. Das, was (zu) mir gehört. Was ich bin oder sein will. Wovon ich überzeugt bin, weil ich es einfach weiß. Wofür ich anerkannt und entschädigt werden muss. Identität ist eine riesige Sprechblase, die immer größer wird, je mehr Leute sich am Spiel beteiligen: Identität ist Heimat ist Hautfarbe ist Geschlecht ist sexuelle Orientierung ist Kultur ist Herkunft ist Familie ist...

Facebook’s role in Brexit  [embedded content]

 [embedded content] Just watch it!

Everything you want to now about MMT [embedded content] One of the positive contributions of MMT, especially from a european point of view, is that it makes it transparently clear why the euro-experiment has been such a monumental disaster. The neoliberal dream of having over-national currencies just doesn’t fit well with reality. When an economy is in a crisis, it must be possible for the state to manage and spend its own money to stabilize the economy....

Warum das deutsche Schulsystem so schlecht ist  [embedded content]

Solow kicking Lucas and Sargent in the pants Professors Lucas and Sargent … have a proposal for constructive research that I find hard to talk about sympathetically. They call it equilibrium business cycle theory, and they say very firmly that it is based on two terribly important postulates — optimizing behavior and perpetual market clearing. When you read closely, they seem to regard the postulate of optimizing behavior as self-evident and the postulate...

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 [embedded content] An absolute classic. My favourite Autobahn music.