If only Elon would have said this. 

Is this guy eight years old or what?

By Nathalie Marins, Ricardo Summa & Daniel Consul (Guest bloggers)Currency devaluations can disrupt developing economies by raising import costs and food prices, which in turn reduces real wages. This impact is particularly detrimental to lower-income households, which typically allocate a substantial portion of their income to essential goods. Consequently, when the local currency weakens, governments encounter increased political pressure due to rising prices that erode purchasing...

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Here is a story about David Hilbert torwards the end of his career: "Otto Neugebauer, now an associate professor, was placed at the head of the Mathematical Institute. He held the famous chair for exactly one day, refusing in a stormy session in the Rector's office to sign the required loyalty declaration. The position of the head of the Mathematical Institute passed to Weyl. Although his wife was part Jewish, he was one of those who thought that something might yet be salvaged. All...

It’s easy to get twisted during the week, but when I sit down and compile the data, I see things clearly. 

If you enjoyed this video, you might also like my most popular video, "Don't Study Economics, Study THIS Instead." https://www.youtube.com/watch?v=oO7iCv_NsPE I expect my editors will post a second half soon. So keep an eye out for the finale of the story I start to tell here. And if you're curious about Ravel, go to https://patreon.com/ravelation (This video was recorded in Fall 2024). -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated...

Pass it on.MMT101.ORG - Learn Modern Monetary Theory (MMT)An Explanation Of Why Taxes Don’t Fund Spending—And Why Elon Musk Is Wrong About The US Government DeficitJim Byrne - MMT101.ORG

TGA down at 450b area now … So let’s assume they keep screwing around and eventually bottom it out at 50b leaving the current threat at 400b reserves in TGA that could be forced upon the banking system … To cover that 400b, banks would need at least 1/10th of that in capital for SLR of 0.1 … (might be a bit less) but we’ll be conservative … 1/10th is 40b… so eg if banks were given 40b of additional free capital right now,  then they could cover those additional 400b reserve assets without...

While enjoying a lovely weekend on our island in the Karlskrona archipelago, my beloved captured this stunning photo of our garden adorned in its late-winter attire. Pure magic!