We will need weeks, months, years to fully grasp the enormity of what took place in Kazan during the annual BRICS summit under the Russian presidency.For the moment let’s cherish arguably the most appropriate definition of BRICS as a laboratory of the future: this lab, against nearly insurmountable odds, is actively engaged in creating a Sovereign Harmonious Multi-Nodal World.My take is that there were two tracks leading up to the meeting of BRICS+ in Kazan. The first track was widely...

Best match point ever .[embedded content]

I see lots of agreement in the wrong direction.

Engineers, Finance, and IT Pros: Learn 50+ years of Real Economics in only 7 Weeks. Weekly with me. Learn more: apply.stevekeenfree.com OR Join ~10,000 others in downloading my free 'Funny Money' Bundle (2 books, worth $60): new.stevekeenfree.com -- 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...

Whoever came up with this term is an idiot.

Blog The autumn budget: A step in the right direction but still falling short There were some welcome wins in Labour's first budget, though it's unlikely to deliver the change we need on inequality and public services By Amy Clancy 04 November 2024...

I think this is about the stupidest comment I ever received.

On April 5, 1933, US President Roosevelt made an executive decision to create the – Civilian Conservation Corps (CCC) – which was a component of the suite of government programs referred to as the – New Deal – that defined the Federal government’s solution to the mass unemployment that arose during the early years of the – Great Depression. These programs have been heavily criticised by the free market set as being unnecessary, wasteful and ineffective. Critics assert that no long-term...

Lars comments on a quote from Stephanie Kelton's The Deficit Myth showing the loanable funds theory being inconsistent with stock-flow accounting.Lars P. Syll’s BlogMMT — debunking the deficit Lars P. Syll | Professor, Malmo University

 "I have invited an economist that was active in the dollarization of Ecuador to illustrate the wonders of the process." A paper with Santiago Graña on dollarization in Argentina published in the PSL Quarterly Review. From the abstract:Currency substitution defined as the use of foreign currency in the domestic economy is a relatively common phenomenon in developing countries. While mainstream economics has analyzed it in some detail, the same is not the case in heterodox economics. This...