by Summary:
Eric Tymoigne is our guest this week, Eric is an Associate Professor of Economics at Lewis & Clark College, Portland, Oregon; and Research Associate at the Levy Economics Institute of Bard College. His areas of teaching and research include macroeconomics, money and banking, and monetary economics.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Eric Tymoigne is our guest this week, Eric is an Associate Professor of Economics at Lewis & Clark College, Portland, Oregon; and Research Associate at the Levy Economics Institute of Bard College. His areas of teaching and research include macroeconomics, money and banking, and monetary economics.
Topics:
Steve Keen considers the following as important:
This could be interesting, too:
Lars Pålsson Syll writes Monte Carlo simulation explained (student stuff)
Mike Norman writes Corporate buybacks
Mike Norman writes Month end settlements
Angry Bear writes Biden finalizes rule opening up Obamacare to DACA recipients
| Eric Tymoigne is our guest this week, Eric is an Associate Professor of Economics at Lewis & Clark College, Portland, Oregon; and Research Associate at the Levy Economics Institute of Bard College. His areas of teaching and research include macroeconomics, money and banking, and monetary economics. |
LOVEBITES (band) "We The United" (song) LIVE 2020 [cc] lyrics: https://youtu.be/pdXVx-0V0ew
As stated, all women (classically trained), Japanese but sing in English, two lead-guitarists
to emphasize "Unity" they play the entire song in unison/harmony. Here are the lyrics:
LOVEBITES – We The United lyrics:
The silent dawn has been broken
Our fate has now been decided for good
Innocence can never be regained
Blissful ignorance turns into guilt and shame
We must first learn to give and understand
That no one is able to live alone
There is no need to be perfect
Everyone has their own problems and faults
Everything is indispensable,
Every person is worthy and valuable
Don’t give up on your life, fight for what’s right
Live on and keep searching for answers
We shall go forth
Prideful, we stand united
We can create miracles
Always, there is a way
SOLO: both
Humans are greedy and selfish
Wanting attention more than the respect
Recognize the pain that others hide
Have the strength to fight even for someone else
People who’ve never made real enemies
Have never stood up for what they believe
We shall go forth
Prideful, we stand united
We can create miracles
Always, there is a way
Always, I will be here
Always, we will be there
—–
lyrics: asami
music: Mao
arrangement: LOVEBITES (miho, haruna, midori, miyako, asami) & Mao
album: Clockwork Immortality 12/05/2018
—–
Metal music like you've never heard (or seen) before.
They dress in white & gold gowns, vocalist is former Ballet dancer, R&B/Soul singer.
One guitarist is also classical pianist of Liszt, Chopin, Rachmaninoff level.
Other guitarist is also Silver Medalist in Body Fitness.
Drummer is 4'9" powerhouse. This is last song of an hour & 45min concert.
While I'm at it, here is my original music, similarly themed:
https://www.youtube.com/playlist?list=PLAB05BD4D73CE8EE5
Lets ALL come together to make a better world for everyone!
dreg👁
Here is their just released 1/31 video, same song from concert in March 2023. Worth seeing/hearing for the joy and enthusiasm, but no [cc] lyrics https://youtu.be/UnNxvgLI_Rg
They have 60 original songs, all excellent or 'masterpiece' of blends of genre & virtuoso musicianship.
Some call it "Happy Metal"
Not into "Metal" ? Here is a ballad, "Epilogue" LIVE 2019 [cc] lyrics: https://youtu.be/1ynnXDfEnnY
🐺
Cool intro
What is the best strategy to enter crypto trading for someone with more or less than $5,000 to invest?
As a beginner, it's essential for you to have a mentor to keep you accountable. I'm guided by a widely known crypto consultant
Mrs Nancy Williams Laplace
This is correct, Nancy Williams strategy has normalized winning trades for me also and it’s a huge milestone for me looking back to how it all started.
Nancy is considered a key Crypto Strategist with one of the best copy Trading portfolio and also a very active in the cryptocurrency space.
The first step to successful investment is figuring your goals and risk tolerance either on your own or with the help of a financial professional but it's very advisable you make use of professional
Ten-eighty is particularly useful for farmers with a feral pig problem.., not sure what else.
Richard Werner for mechanics of banks and central banks
Someone should have told Daniel that he's overloading his mic.
Someone should tell Steve that Vitamin K2 reduces the risk of prostate cancer. Anyone with health issues should find a good integrative doctor.
1:05:10 MMT is a lens for viewing government finance. MMT is not a strategy or a regime.
1:06:51 very well said.
Great show, but did I miss the part about interest rates and inflation?
A ton of "mainstream finance people" also voted for Trump, so no idiocy from them would surprise me
Have you tried to combine Minsky with AI? Reinforcement Learning could maybe figure out the best policies (parameters) to implement in different scenarios. More far out, NEAT could evolve a system (add/prune stocks/flows) that optimizes what we want.
Agent-based simulations could add credibility to a result in Minsky, by showing that even with random individual perturbations and complexity on a superficial level, we still get the same result (behavior).
Thank for doing this
(By the way, I'm still having trouble with Minsky on my Mac, despite the recent bug fix)
The sound quality is not very good
Btw Steve I'm not the one who did stuff on South African (Central?) banking you mentioned last week or the week before, not sure who it was you wanted to talk to about that.
There's another really great Veblen inspired economist I know of, Sebastian Berger – he's a big fan of Forrester, Hudson, Mirowski, yourself etc. Studied at – is it KC misouri where MMT was developed, during its heyday. He kinda specialises in ecological side stuff – really knows his Georgescu-Roegen and Kapp for instance. Never heard of him before but was a lecturer at my old uni and his work really blew my mind, a lot of lines of thought which still arent common in heterodox circles, but so critical I think. Love to see him on some day. Lovely guy too.
Taleb is mathematically gifted but not too cluey on macroeconomics. I put this down to not have studied the History of Economic Thought.
At the 29 min. mark Dr. Keen points out that with a full fiat dollar (this means that the US Gov. does not borrow from the private sector, instead it lets the rich open interest paying accounts at the Fed with money the Gov. gave them), the US can have the Fed buy enough dollars of bonds to equal plus a little the total interest on the debt. Then because the Fed pays 98% of its revenue to the Treasury, all of the interest that is paid to the Fed goes right back to the Treasury. This means that the interest on the debt has no effect on the economy because it moves zero net dollars in or out of the economy. However, the other bond holders do get paid interest, it is just that somewhere else an equal amount of dollars is removed from the economy. Am I right about this being the reason?
I never realised that academics could be sonbitchy
they discussed everything except the title
What is a power law distribution? Too much jargon. Let's have an example. Let's have links to literature mentioned
Secular stagnation is where an economy is in recession, although all resources aren’t being used to full capacity. Therefore there are output gaps.