Published by: https://braveneweurope.com/sergio-cesaratto-sharing-central-banks-costs-and-profits-of-monetary-policy-in-the-euro-area Sergio Cesaratto - Sharing Central Banks’ costs and profits of monetary policy in the euro area (Adapted for Brave New Europe from Lavoce.info) ; the author thanks Giancarlo Bergamini for help in editing the translation). A debate has developed in Europe (on Vox.eu and elsewhere) on the fiscal costs related to the interest payments that central banks...

 Da https://lavoce.info/archives/102685/danni-collaterali-del-rialzo-dei-tassi/Si veda anche "Annotazioni sull’implementazione della politica monetaria: ieri, oggi, domani"   https://rosa.uniroma1.it/rosa04/moneta_e_credito/article/view/18590 La condivisione di costi e profitti della politica monetaria nell’euro area Sergio Cesaratto Un mio precedente intervento su La Voce, seguito poi da uno di Hamaui, riprendeva un dibattito già sviluppato in sede europea (su Vox.eu ed altrove)...

1.0 Introduction I have explained this before. Suppose one insists socialism requires central planning. In his 1920 paper, 'Economic calculation in the socialist commonwealth', Ludwig Von Mises claims that a central planner requires prices for capital goods and unproduced resources to successfully plan an economy. The claim that central planning is impossible without market prices is supposed to be a matter of scientific principle. Von Mises was mistaken. His error can be demonstrated to...

[unable to retrieve full-text content]Nima, Michael Hudson and Richard Wolff, “Financial Colonialism,” Dialogue Works, August 1, 2024. “The Shocking Truth Behind the End of Financial Colonialism!” NIMA: Let’s start with the conflict right now in the Middle East. How do you find it right now? What’s going on, Michael, in your opinion, in the Middle East? MICHAEL HUDSON: I Continue Reading The post The End of Financial Colonialism first appeared on...

Commentary by Robert Reich popped up today in my mailbox. It is interesting to read. Apparently, Joe Biden’s appointment to the FTC is taking on corporate entities who have great influence in their portion of the economy. Or what Angry Bear and myself would call big business monopolies. The courts agreed with FTC’s Lina Khan, that Google is a monopoly. This occurrence you can read for yourself below. It was suggested big money donners to...

by r.j. sigmund  FLiRT variants no one seems to be talking about it, but Covid is worse than ever, even if it’s not as deadly . . . among the CDC’s “early indicators“, “test positivity”, or the percentage of tests for Covid that were positive, rose to 16.3% during the week ending July 27th, up from 14.3% the prior week, and up from 3.4% nine weeks ago . . . test positivity is now the highest it’s been in 2 1/2 years . . . at the same time,...

Here’s Where VP Pick Tim Walz Stands on Healthcare Issues, MedPage Today Presidential nominee Kamala Harris has chosen Minnesota Gov. Tim Walz (D) as her running mate. Here’s a look at Walz’s track record on healthcare. I am not going to call Kamala a Democrat although we all know she is of that political lean. I believe Kamala will represent all people including Republicans. Sixty-year-old Tim Walz was first elected Governor of Minnesota in...

When in Stockholm … You shouldn’t miss two must-visit destinations — Skogskyrkogården and Millesgården. Skogskyrkogården — a UNESCO World Heritage site — is one of the most unique cemeteries in the world. Designed by renowned architects Gunnar Asplund and Sigurd Lewerentz, it combines nature and architecture in a harmonious and serene setting. Millesgården — located on Lidingö island — was once the home and studio of the sculptor Carl Milles. Here, you can...

Anyone could’ve made that call yesterday but what I’m saying now is what is going to be important. 

Debt Fuels Economic Chaos.