Uncovering the Path to Human Flourishing

from Peter Radford The machine makers are restless! There’s quite a debate going on about something called “techno-optimism” which roughly translates as anything technological is good and will, inevitably, make us all much better off.  That it makes fortunes for its owners is of secondary importance. The debate has emerged as a result of the publication of Marc Andreesen’s ‘Techno-Optimist Manifesto’, a strange and rather long paean to the many virtues of technology and the much more...

Updated version of a textbook chapter on exchange rate arrangements. It is for undergraduate use. From the abstract:The paper tries to provide a concise summary of the main debates on exchange rate arrangements. It a simple taxonomy of exchange rate arrangements, fixed, flexible and managed, and a brief analysis of the main debates about their advantages and disadvantages. It emphasizes the different policy objectives of mainstream and heterodox schools of thought, suggesting that they tend...

The Supreme Court declined to hear the case, Texas v. Pennsylvania. December 20, 2020. Two days ago, during a press conference Rachel Scott drew the ire of Republicans as she asked a question of newly appointed House Speaker Mike Johnson. Representative Mike Johnson (R-LA) was instrumental in the effort to overturn the 2020 presidential election.  ABC News congressional reporter Rachel Scott began to ask Johnson whether he stands by his role in...

Late on the draw here . . . Missed this over the last week. Been too busy doing other things with Angry Bear and looking for a Word Press expert who can help Angry Bear solve some issues. You have to wonder what Fed Chief Jerome Powell is going to do next. If you have been reading New Deal democrat (Richard), it appears we are on the edge of a recession of some type. I am hoping he waits. The returns or values on my funds are decreasing so what...

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Yes, you have been waiting all week to see how the Smith Family was faring as they struggle to work out where the government currency comes from. Well, Episode 2 in our new weekly Manga series – The Smith Family and their Adventures with Money – is now available. Have a bit of fun with it and circulate it to those who you think will benefit …William Mitchell — Modern Monetary TheoryThe Smith Family manga continues – Episode 2 is now availableBill Mitchell | Professor in Economics and...

Don’t be. The market is about to bounce back. 

Ann Pettifor, political economist, author and public speaker. Her latest book, The Case for the Green New Deal, was published in hardback by Verso in 2019. By 2020 the book had been translated into German by Hamburger Edition, Italian by Fazi Editore and Swedish by Verbal Forlag. The English paperback version with an added chapter, Afterword, appeared on the shelves of bookstores from September, 2020. The Production of Money, published by Verso in Spring, 2017, explains the nature of money...

Jobless claims continue near expansion lows  – by New Deal democrat Jobless claims continued very low last week, justifying taking down the “yellow caution flag” that had been in place for a number of months. Specifically, weekly new claims rose 10,000 to 210,000 – still a very low historical number. The more important four week moving average increased 1,250 to 207,500. Contrarily with a one-week lag, continuing claims rose sharply, up...