I have finally moved my blog and integrated in within my long-standing home page. The new blog address is – http://www.billmitchell.org/blog – although the old address will work forever. However, I do urge you to update your bookmarks to the new address....Bill Mitchell – billy blog (in the future: William Mitchell - Modern Monetary Theory)Administrative update: My blog has a new homeBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity (CofFEE), at...Read More »
Do Interest Rate Hikes Worsen Inflation? — Tim Di Muzio
Weekend reading on monetarism and its woes. Lots of data.Strange MattersDo Interest Rate Hikes Worsen Inflation?Tim Di Muzio is an Associate Professor in International Relations and Political Economy at the University of Wollongong, Australia.Economics from the Top DownDo High Interest Rates Reduce Inflation? A Test of Monetary FaithBlair FixRead More »
I am going on a wilderness survival training course
Next weekend, I will be doing this wilderness survival training course in Granite Falls, WA. These are skills I want to learn. Still some space available if you want to join me.After I do this, I would like to organize a Mike Norman Economics, MMT, outing of the same kind of physical, mental and emotional test. Who would be up for it?Read More »
Go against the monetarists!
Amartya Sen’s Work Shows Us the Human Cost of Capitalist Development — Benjamin Selwyn
What happens when capital (ownership, property accumulation, "growth") is favored over the other factors of production, labor (workers, people, welfare) and land (the environment, ecology). Developing Economics Amartya Sen’s Work Shows Us the Human Cost of Capitalist DevelopmentBenjamin Selwyn, professor of international relations and international development at the University of Sussex.RelatedTax Research UKAnyone who seriously thinks GDP measures prove that the country is succeeding...Read More »
I was surprised by the last 2 days’ pullback.
Here's why. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yesRead More »
National Currencies: it is happening! — amarynth
First, the Euro is getting to be completely excluded in RussiaSecond, the use of national currencies through BRICS is moving ahead[Third], the Brazilian Central Bank and the People’s Bank of China signed a memorandum of understanding allowing bilateral trade IN YUAN for Brazilian and Chinese companies, investors, and institutionsGlobal SouthNational Currencies: it is happening!amarynthRead More »
The Big Stiff: Russia-Iran dump the dollar and bust US sanctions — Pepe Escobar
News of Russian banks connecting to Iran’s financial messaging system strengthens the resistance against US-imposed sanctions on both countries and accelerates global de-dollarization.The CradleThe Big Stiff: Russia-Iran dump the dollar and bust US sanctionsPepe EscobarSee also“One factor that could well be keeping the gold price so supported is the strength of buying from central banks, including those in China, India and Turkey. As these fast-growing economies look to diversify away from...Read More »
Bill Mitchell – Central banks accounting losses are rising but are of no importance to anything important
There are regular interventions from commentators over time who repeat the same thing over and over – usually some prophesy that a currency (for example, the Yen or the USD) will collapse soon, and life goes on until they come out with the same predictions, which never turn out. The mainstream media loves to give these characters a platform because the headlines are sensational and I guess that sells ‘units’ for the companies. The latest I saw was from Mr. Roubini in the Financial Times, who...Read More »
Let’s do a wilderness survival training course.
Hear me out. Face our fears. Togther!Read More »