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“Seville: public water and private interests”

David Zetland is teaching a class and he is asking for commentary, Commentary to help his Water Scarcity students by commenting on unclear analysis, alternative perspectives, better data sources, in this post or maybe just saying something nice ? to them. I am sure we can do better . . . “Seville: public water, private interests,” The one-handed economist David writes* The Mediterranean Basin is one of the regions that will suffer the most...

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MSM suckered on super tax concessions

I had a piece in The Guardian a couple of days ago (it’s over the fold) looking at the was the mainstream print and electronic media (mis)handled the debate over the decision to reduce tax concessions on earnings of superannuation balances in excess of $3m. The weight of argument was strongly on the government’s side, and the media commentariat seemed to have conceded that. But the finance lobby has hit back with a series of utterly ludicrous arguments which have nonetheless been given...

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Everything i have been telling you is really now starting to happen.

Fiscal flows are exploding. And that's a super bullish development. Trade and invest using the concepts of MMT. Get a 30-day free trial to MMT Trader. https://www.mmteconomics.com/ Mike Norman Twitter https://twitter.com/mikenorman Mike Norman Economics: https://mikenormaneconomics.blogspot.com/ Understanding the Daily Treasury Statement video course. https://www.pitbulleconomics.com/understanding-daily-treasury-statement-video-course/?s2-ssl=yes

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When Confronted By the Truth . . .

“Jawboning, the moral suasion in the context of economics and politics. In action such is the use of authority to persuade various entities to act in certain ways. It can sometimes be underpinned by the implicit threat of future government regulation.” President Joe Biden uses the bully pulpit during the State of the Union address to call for a universal price cap on insulin for all diabetes patients. The proposal is very unlikely to pass the...

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US CPI

This is US CPI… I don’t know if this is what the Art degree monetarist morons mean by their figure of speech “inflation!” but maybe… I don’t understand a lot about how these peoples non technical brains work… Anyway if you look at this price index it hasn’t peaked as of the January report…This is in contrast to Bills report on Australia below… you can’t say the US CPI has peaked…It seemed to have peaked looking at the December report at 297 but now since January 1 we’ve had a significant...

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Antonio Labriola On The Philosophy Of Praxis

I think of Gramsci or Lukacs as the authors to read for understanding why Marxism might be called a "philosophy of praxis". Apparently, that phrase was first used by Antonio Labriola. His collection of letters to Georges Sorel was published as Socialism and Philosophy. In the following letter, "praxis" is translated as "practice" in the last two paragraphs. Rome, May 14, 1897 To return to my first argument, it seems to me that the following question is uppermost in your...

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Why Do Voters Trust Republicans on the Economy More Than Democrats?

This is another inciteful commentary by “annie asks you.” Just like Josh in the movie “Big,” I am raising my hand, stating “I don’t get it.” I don’t get it as to why people would prefer trump over Biden especially after two years of a recovering economy. Maybe many of them were not around for 2007/8 when the nation did not return to normalcy for years after the crash. A politician finally read the tea leaves, the nature of the economy (which is...

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