If this thing holds Trumps going to immediately slash rates in half on day 1 in January 2025… lock it…Meanwhile all the Art degree morons are all going around saying “ the Fed is independent! … the Fed is independent!…. the Fed is independent!”
Read More »It will end badly if we rely on the speculators and gamblers for a climate change solution — Bill Mitchell
I am now in a very hot and humid Kyoto having left Australia yesterday in weather that was in some places 20 or more degrees Celsius above the norm for early Spring. The heat here and back home at this time of year is rather scary given what it portends. I also do not have much time today given I have been contending with various ‘moving in’ requirements. But I read an article on the plane last night which I think marks a divide between what ‘green’ progressives think and what I think is...
Read More »MMT Money Story – Print and Shred Edition — NeilW
Print and Shred is how the system works. All modern monetary systems work this way, no matter how much they try and hide the fact.The MMT money story explains where the ‘why not print more money’ idea falls over. The government only prints more money to buy more stuff..…New WaylandMMT Money Story - Print and Shred EditionNeilW
Read More »Trump bemoans high interest rates and indicates he might pressure Fed to lower
CNBC here…Again politics.. You knew this was coming.. can’t wait to now watch all the political biased leftist MMT people flip and join with the monetarist morons and start to advocate for higher interest rates in response.. wait for it…“Interest rates are very high. They’re too high. People can’t buy homes. They can’t do anything. I mean, they can’t borrow money,” Trump told MTP host Kristen WelkerUsing the platform formerly known as Twitter, Trump often berated Fed officials, once calling...
Read More »Politics
Agree with Ehnts here but if you listen to 99% of the MMT commie Art degree or no degree left the current most regressive economic outcome I’ve ever experienced in my adult life is allegedly the result of improper technocracy by the monetarist morons in the academe…LOL can’t be both! Which one is it? 🤔
Read More »In Vladivostok, the Russian Far East rises — Pepe Escobar
Russia's pivot to the Far East, and away from the West.The CradleIn Vladivostok, the Russian Far East risesPepe Escobar
Read More »Oldest employed Americans have left the workforce never to return
Here for you left wing commie Art Degree MMT dumb fucks: S&P Global Market Intelligence Oldest employed Americans have left the workforce never to returnThe oldest workers in the US labor force, edged out during the pandemic by retirements and health concerns, are unlikely to ever return, potentially ending a decades-long trend amongst working seniors in America and contributing to the ongoing imbalance in the jobs market.Doesn’t have anything to do with whether your fellow Art degree...
Read More »Capitalist wants government to drive up unemployment by 40-50 per cent and inflict more ‘pain in the economy’ on workers — Bill Mitchell
Two items this Wednesday before the music segment. First, we saw the stark ideology of the elites on full display in Sydney yesterday with a property developer demanding the government increase unemployment by 40-50 per cent to show the workers that the employer is boss and redistribute more national income back to profits. For anyone who doubts the relevance of a framework based on underlying class conflict between labour and capital, then this outburst should eliminate those doubts. On the...
Read More »Russia And China Channeling Hamilton — Mark Wauk
Read the remarks of Glenn Diesen, Professor at the University of South-Eastern Norway, and Editor at Russia in Global Affairs, about how Russia and China are now following the Hamiltonian plan of the American System or National System, later developed by economist Friedrick List. In other words, these countries are not doing what the nascent US did when breaking away from the British Empire, which was not only political and military but also economic and financial. And the ROW is...
Read More »Moon of Alabama — Kasandras Beware – China Economy Will Not Hit A Wall
Contra Krugman.Moon of AlabamaKasandras Beware - China Economy Will Not Hit A WallAlsoECNSWestern journalist claiming Shanghai a 'Ghost Town' faces backlash
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