The New Silk Roads, or BRI, as well as the integration efforts of BRICS+, the SCO and the EAEU will be on the forefront of Chinese policy.Strategic Culture Foundation (sanctioned by the US Treasury Department)Can You Smell What the Year of the Rabbit Is Cooking?Pepe EscobarSee alsoRussian Foreign Minister Lavrov informed Africans during a press conference while on his latest tour of the continent that India is an independent multipolar powerhouse. His exact words were as follows: “Those...
Read More »Hyman Minsky and the IS-LM obfuscation — Lars P. Syll
Setting the record straight. New Keynesianism (typified by Paul Krugman) is not Keynes, nor is it a faithful rendition of John Hicks either.Lars P. Syll’s BlogHyman Minsky and the IS-LM obfuscationLars P. Syll | Professor, Malmo University
Read More »For US, foreign arm sales boom amid Russian invasion, Chinese intimidation — Lee Ferran
Total US arms transfers for fiscal 2022 topped $50 billion, up nearly 50 percent from prior year."Winning bigly." MICIMATT (Military-Industrial-Congressional-Intelligence-Media-Academia-Think-Tank complex), that is. Breaking DefenseFor US, foreign arm sales boom amid Russian invasion, Chinese intimidationLee Ferran
Read More »Bill Mitchell — Bank of Japan continues to show who has the power
Its been around 9 months since the central banks of the world (bar Japan) started to push up interest rates. This reflected a return to the dominant mainstream view that fiscal policy should aim to support monetary policy in its fight against inflation and thus be biased towards surpluses, while central banks manipulated interest rates to deal with any inflationary pressures. The central banks would somehow form a ‘future-looking’ view that inflation was about to spring up and they would...
Read More »Goodbye empire? US sanctions are failing in the face of multipolarity — Felix Livshitz
Published by the Council on Foreign Relations NGO, Foreign Affairs provides space for officials within the US military industrial complex to communicate with one another on matters they believe to be of the utmost significance. Therefore, it is important to pay attention when the magazine makes major pronouncements on any issue.It recently published an appraisal of US sanctions – the conclusion being that they are increasingly ineffective, have prompted Beijing and Moscow to create...
Read More »Debt, Deficits, Secular Stagnation and the Which Way Is Up Problem in Economics — Dean Baker
Dean Baker does some MMT — sort of, anyway.CounterPunchDebt, Deficits, Secular Stagnation and the Which Way Is Up Problem in EconomicsDean Baker | Co-director of the Center for Economic and Policy Research in Washington, D.C
Read More »Mike’s prediction from 2016
Nothing has changed since… This current “debt ceiling!” episode could be the big one… 🤞[embedded content]
Read More »Here’s how Wall Street "trading" is rigged.
I watched it and took part in it first hand. 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=yes
Read More »Migrating to Mastodon and some additional announcements — Bill Mitchell
Today, I have a few news and information items. First, I detail how to migrate to Mastodon so that you can continue to follow me as I escape Twitter. Second, I provide enrolment details for the next offering of our MMT edX MOOC. Third, I provide access details to my annual Helsinki public lecture which will take place tomorrow starting at 19:00 EAST.Bill Mitchell – billy blogMigrating to Mastodon and some additional announcementsBill Mitchell | Professor in Economics and Director of the...
Read More »MMT And Banking — Brian Romanchuk
Since I am in the Modern Monetary Theory (MMT) camp, I cannot write a book on baking without covering some of the critiques of MMT and banking. I wrote about this topic in Section 5.7 of my earlier book, Modern Monetary Theory and the Recovery. In this section, I am give a minimal explanation of the topic, without covering too much of the same ground of that earlier text.Note: This is a draft of a section that will go into my banking primer manuscript.Bond EconomicsMMT And BankingBrian...
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