During last night’s CNN “town hall” fiasco Trump had this to say about the debt ceiling: Former President Donald Trump on Wednesday urged Republican lawmakers to let the United States default on its debt if Democrats don’t agree to spending cuts. “I say to the Republicans out there — congressmen, senators — if they don’t give you massive cuts, you’re going to have to do a default,” said Trump, who is again running for president. “And I don’t...

?U.S. Interest payment is now equal to Defense spendingAnd 30% of the debt has to be refinanced in the next 12 months at todays higher rates!!Hang on! ? pic.twitter.com/stDRMEkpSm— Mark Moss (@1MarkMoss) May 11, 2023 And Fed’s IOR policy (now at over 5% annual) providing $14B/mo. of additional Capital to Depository system leading to a recent all time high in Depository system Residual:Hard to imagine how the Art degree brain could see any of this as debilitating…. ?

Εκδήλωση – συζήτηση Κυριακή 14/5, 11π.μ. Πόρτο Ράφτη – στο ΚΑΠΗ (διασταύρωση για το λιμάνι) Θα μιλήσουν οι υποψήφιοι στην Ανατολική Αττική Σύλβια Κοιλάκου Μηχανικός, μέλος της ΚΣΕ της ΑΝΤΑΡΣΥΑ Σταύρος Μαυρουδέας Καθηγητής Πολιτικής Οικονομίας στο Πάντειο Πανεπιστήμιο Συντονίζει η Κατερίνα Τουλγαρίδου, υποψήφια Αν. Αττική AdvertisementΡυθμίσεις απορρήτου...

This is an interesting piece done by Dahlia Lithwick. Basically taking up the history of why judges do not take gifts from commoners. Unless of course, the commoner has money and is influential. Ok, so Justice Clarence Thomas is getting a few greater than normal bucks and gifts on the side. Problem two arises in his failure to report the thousands of dollars and the generous gifts. I told the story of being invited to the EOY Jim McMahon Chicago...

“An Ominous Warning to the E. Jean Carroll Jury,” The Atlantic, Juliette Kayyem Interesting but foreboding piece in The Atlantic. In the dismissal of the jury, the judge took a moment to suggest the jury not engage in conversation or be publicly identified. Typically and after trials, the judge will dismiss the jurors by thanking them for their time and public service. These words of gratitude are usually a formality, a polite nod to a key feature...

Video, podcast, and transcriptGeopolitical Economy ReportNY Times is wrong on dedollarization: Economist Michael Hudson debunks Paul Krugman’s dollar defenseBen Norton interviews Michael Hudson

These photos of my grand-father Oskar Lissmark and Kurt Gödel made me realize that my new specs perhaps weren’t that new after all …

from Norbert Häring The Central Bank of Kazakhstan published a report in July 2022 that developed the criteria for deciding on the design of the planned digital tenge. The tenge is the national currency of Kazakhstan. At the heart of the report is the conceptual groundwork of two guides from the International Monetary Fund and the World Economic Forum, the lobby of the 1,000 largest international corporations. The World Economic Forum’s guide is the one which is quoted more...

Inflation ex-shelter increasing at 1.0% annualized rate since last June; core inflation with actual house prices only up 3.0% YoY  – by New Deal democrat Two months ago, I “officially” took the position that inflation had been conquered, and that, properly measured, the economy had actually been experiencing deflation since last June. With revisions, the “actual deflation” is no longer the case; but for the second month in a row since then,...

Podcasts New Economics Podcast: Should we all be troublemakers at work? Ayeisha Thomas-Smith is joined by Lydia Hughes and Jamie Woodcock By Ayeisha Thomas-Smith 10 May 2023 As the chancellor stood up in Parliament to present his spring budget in...