from Peter Radford Random thoughts on day one of America’s war on the world.  This is my way of summarizing, it is not definitive by any means!  I wrote in haste. Here’s a quote to get us started: “What made fascism attractive in Europe and elsewhere was its combination of national autarkic aims, militarism, statism, and a glorification of technology, which suited the inclinations and interests of military rules and modernizing autocrats.”  [Osterhammel and Peterson; “Globalization, A...

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 -- Who is Dr. Steve Keen? Dr. Steve Keen is an influential economist who has dedicated over 50 years to challenging mainstream economic theories. Since his days as a university student, he has been engaged in a David vs. Goliath battle against conventional economic models. Holding a Ph.D. in economics, Dr. Keen is...

Figure 1: A Larger Parameter Space This post is an expansion on the first example here. It presents shortly a more comprehensive analysis of the variation in the choice of technique in the example of circulating capital in Section 2. Local perturbations of two coefficients of production are examined there. Figure 1 partitions a larger part of the space defined by these two coefficients of production. Table 1 exhibits how the cost-minimizing technique varies with the rate of profits in each...

Another Monday Message Board. Post comments on any topic. Civil discussion and no coarse language please. Side discussions and idees fixes to the sandpits, please. I’m now using Substack as a blogging platform, and for my monthly email newsletter. For the moment, I’ll post both at this blog and on Substack. You can also follow me on Mastodon here. Share this:Like Loading...

I urge you to watch this YouTube mini documentary (30 minutes). If that is too long, watch just the segment from 10:30 -12:00 (1.30 minutes). Jeffrey D. Sachs – Understanding the Ukraine conflict – Brave New Europe Every German should watch this before voting in the February election (and every European should watch in advance […]

Politicians on both sides of the Atlantic are once again talking about rolling back banking regulations to kick-start growth. This article is a timely reminder of why those regulations exist.MMT101.ORG - Learn Modern Monetary Theory (MMT)Your 4-Step Guide to Understanding the 2008 Financial Crash & Subsequent Recession — From a Modern Monetary Theory (MMT) PerspectiveJim Byrne | MMT Scotland

Where was this play in the Art degree Keynesian free market fundamentalism playbook?  I thought the Canada people were just supposed to add the tariff onto the price of the products?  Instead they are removing the products from inventories… going to create a glut of these products in the US and US prices are going to fall to get rid of it … no “inflation!”… ?Canada’s biggest province said it will remove American products from its government-run liquor stores as part of its response to...

LOL … then according to Art degree monetarists they should reduce the rate to figure of speech  “counter the headwinds!”.. which is what Trump wants them to do in the first place… We read the transcripts of the Fed's 2019 meetings so you don't have to, and here's the main takeaway: The headwinds they felt from Trump's tariffs were strong https://t.co/57LOVFGjbn— Bloomberg Economics (@economics) February 2, 2025

This is an unprecedented and dangerous move.

Om ‘statsbudgetpolis’ och otillräckliga räntesänkningar Sällan eller aldrig har man anledning vara nöjd med ekonomijournalistiken i press, radio och television. Ytterst få ekonomijournalister och börsanalytiker tar sitt jobb på allvar och bedriver ekonomisk journalistik värd namnet. De flesta av oss har därför sedan länge gett upp. Synd bara att allmänheten ska behöva nöja sig med det tyckmyckentrutade nonsens näringsliv och borgerlighet helt oemotsagt får...