This overly simplistic analysis misses the mark there is more to it than this Accounting:This is why understanding accounting is so important. If I’m a bank with $100 in assets, $90 in deposit liabilities, and $10 equity (residual), my total equity capital as % of assets = $10 / $100 = 10%. If reserves and deposits both ⬇️ by $10, now equity capital = $10 / $90 = 11% https://t.co/eKQKyCWWbW— Applied MMT Podcast ?️ (@AppliedMMT) August 10, 2023 The MMT people say this here which implies a...

Rethinking the RUC, Center for American Progress, Maura Calsyn and Madeline Twome The point being made in this commentary is the purposeful inaccuracy of the RUC. Much of the time determined for treatment too large which in turn drives the patient fees charged and the prices in Medicare Advantage to which CMS adds a percentage, and Fee for Service Medicare. (Special thanks to ltr for her suggestion). First, what is RUC. It is an acronym for the...

Rethinking the RUC, Center for American Progress, Maura Calsyn and Madeline Twome The point being made in this commentary is the purposeful inaccuracy of the RUC. Much of the time determined for treatment too large which in turn drives the patient fees charged and the prices in Medicare Advantage to which CMS adds a percentage, and Fee for Service Medicare. (Special thanks to ltr for her suggestion). First, what is RUC. It is an acronym for the...

.[embedded content] Robbie Robertson (1943-2023) R.I.P.

Agriculture is the source of all wealth

Big opportunity up ahead.

Blog People on the lowest incomes are paying tax on even more of their salary under this government Freezing the tax free allowance is an effective tax rise for workers on the lowest incomes, with no promise of extra support for them from this government By Dominic Caddick 12 August 2023...

China replicating Japan's rise? After WWII Japanese goods were infamous for being cheaply (poorly) mad. How that changed over the years. Is Chinese tech and manufacturing set to replicate that cycle? It won't happen overnight, but neither did Japan's rise. At least the challenge has been thrown down, and those who benefit most from competition are consumers.Yahoo FinanceChinese electric car giant declares war on Western rivalsHoward Mustoe

Marx called the liberalism of the US and UK "bourgeois liberalism," that is, the freedom of capital (the ownership class). to exploit labor (workers) and land (the environment). The attempt John Rawls made to answer Marx from the vantage of Anglo-American liberalism was not successful. Liberalism as freedom and equality of persons is inherently incompatible with capitalism as private ownership and control of the means of production. Neither is it compatible with distribution through markets...

1.0 Introduction I have been reading fools in other parts of the Internet. Hence this post. 2.0 Assertions Marx says the following (I am least sure of 6): Both sides to an exchange gain. (Capital, volume 1, chapter 5) Nobody, neither consumers, nor workers, nor investors, nor the managers of firms, make decisions on the grounds of the labor time embodied in commodities. (Capital, volume 1, chapter 1, section4) Surplus value (dividends, interest, rent, etc.), in an ideal competitive...