[embedded content]Randall Wray on MMT. (About 40:55: Most economics is "fraud". Lots of ads.)Jason Blakely, Doctor's orders: COVID-19 and the new science wars, in Harper's Matias Vernengo of Bidenomics. Economists in Chicago cannot stomach the slightest dissent on antitrust. Mario Tronti, 24 July 1931 - 7 August 2023. A republished essay in New Left Review. Deepankar Basu, 2022. A Reformulated Version of Marx’s Theory of Ground-Rent Shows that there Cannot be any Absolute Rent....

If you did not know, now you do know. Just like our fellow blogs, Angry Bear posts have been recorded in the Library of Congress. I could not get in tonight to see which posts ere and like I have other times. Something to think about for at least one cup of coffee. Much of this occurred over Dan’s watch. Tags: Library of Congress...

In housing construction, the last domino still refuses to fall: Travelin’ Man edition  – by New Deal democrat [First, a blogging note: I will be traveling for the next week and a half. I’ll keep posting the data, but the posts are likely to be brief, and may be a day late. On days when there is no data, I will probably not post at all.] When it comes to housing construction, I’ve been waiting for the last domino to fall. Once again in July,...

Paul Krugman has the amazing ability to get me (briefly) interested in economic theory. He writes that the (non provisional) IRA has had a larger than expected impact on investment writing: A new blog post from Heather Boushey of the Council of Economic Advisers argues that Biden’s industrial policy helps solve what she calls the “chicken and egg problem,” in which private-sector actors are reluctant to invest unless they’re sure that others will...

Inflation Undermines Currency Value

Literally…in Southern California. And the markets will be stormy too!

Non-fungible tokens (NFTs) first came to my attention just a couple years ago. Apparently, anything could be an NFT. Per Investopedia:“Non-fungible tokens (NFTs) are assets that have been tokenized via a blockchain. They are assigned unique identification codes and metadata that distinguish them from other tokens.“NFTs can be traded and exchanged for money, cryptocurrencies, or other NFTs—it all depends on the value the market and owners have placed...

Daniel is the Founder and CEO of planksip, which refers to an organic internet strategy of releasing digitally published content intended to enhance the comprehension of an author's intellectual property and is always identified as a planksip®. This is accomplished through the use of keyword phrases specific to the author's message and inspired by Max Planck’s concepts of Quantum Mechanics as it relates to discrete packets of information. The process builds keyword equity and is a...

Achieving price stability through MMT but without going back to the gold standard.Real Progressives (August 16, 2023) Towards a Libertarian/Austrian Modern Money Theory L. Randall Wray | Professor of Economics, Bard CollegeOriginally posted on July 27, 2010 at the New Economic Perspectives blog

Right-wing politicians in Argentina want to adopt the US dollar as the national currency to fight inflation. Development economist Ha-Joon Chang said this is “insane”, warning dollarization would make the Latin American nation a “colony”.Recognition is dawning that it won't be easy for the Global South/East to break out of the neoliberal, neo-imperial, and neocolonial model. Geopolitical EconomyArgentina adopting US dollar to fight inflation would be ‘insane’ neocolonialism, says economist...