Should we control the rich?

The Groucho Marxist Question

Much easier to understand by the monetarist morons figuratively as “they’re printin’ money!”…U.S. government securities clearing & settlement visualized pic.twitter.com/ngYUXHWpBu— Conks (@concodanomics) May 7, 2024

1.0 Introduction I do not think I have presented an introductory example in a while in which an increased wage is associated with firms wanting to employ more labor, given the level of net output. This example is presented as a matter of accounting for a vertically integrated firm. Exact calculations with rational numbers are tedious in this example. I expect that if anybody bothers to check this, they would use a spreadsheet. As far as I can tell, Microsoft Excel uses double precision...

Was MMT right about inflation? Yes! .[embedded content]

My latest Coppola Comment post reflects on what we mean by "demons". Are they really the evil spirits of myth? Or are they a metaphor for something else - something all too human, and for many people, all too familiar?I spent last Saturday singing Elgar’s Dream of Gerontius. There’s a famous “Demon’s Chorus” in this piece, which made me think… well, about the demons. I felt sorry for them. Seriously.  In the Dream of Gerontius, demons are an auditory representation of mindless evil and...

Can a two-state solution in Israel-Palestine still be reached and under what conditions would it be viable? A word of optimism first: There are many citizen peace movements in both Israel and Palestine who tenaciously and imaginatively advocate peaceful, democratic solutions. Unfortunately, these groups are in a minority, and without powerful external support they have little chances of prevailing. To break the stalemate, it’s time for the European Union and the US, which between them...

 Footsoldier posted this in the comments. I am promoting it to a post. So-called de-dollarization is envisioned to happen in two major steps stages each with many incremental iterations. The first stage stage is conducting bilateral trade in the currencies of the trading partners. This is already well advanced. However, this is not actual de-dollarization, which is the establishment of a competing monetary system with a goal of eventually replacing the USD as the primary global currency. No...

No Money, No Problem?