[unable to retrieve full-text content]Come spend an hour with Michael! Thurs March 2nd 5.30pm EST Via zoom.  If you are a Patron Plus supporter on Patreon, you will be able to register. We are at 247 supporters, can you get us to 250? The day before the Q&A you’ll receive an email with the link to join. Anyone upgrading Continue Reading The post An Hour with Michael first appeared on Michael Hudson.

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“The Rest of us,” by Stephen Birmingham, is subtitled “The Rise of America’s Eastern European Jews.” Birmingham wrote previously about the Sephardic Jewish immigration around the time of the American Revolution, and about the German Jews who arrived in the mid-1800s. This covers the third wave of Jewish immigration to the United States, the immigration of eastern European Jews starting in the late 19th century. These subsequent immigrants arriving...

Thanks to everyone who has read Pragmatic Capitalism for the last 15 years. I’ve loved writing this blog, but we need to consolidate our financial content going forward. It’s become too difficult publishing content to so many different platforms and when Google killed Feedburner it compounded the problems. We’ve created a new, FREE newsletter service called Discipline Alerts. It will push macro research, outlooks and educational content to you using the same format as the old...

MOSS, the first large-scale conversational language model in China, will be made open source by the end of March, said the research and developing team on Sunday.Named after the artificial intelligence featured in the Chinese Sci-fi movie The Wandering Earth II, MOSS became the first ChatGPT-like software unveiled in China when it was made available to the public for testing on Feb 21....Socialsim.ECNS (Chinese official English news service)China's first ChatGPT-like software to be made open...

I gotta calm down

This debate in itself is not particularly significant (other than possibly showing up in internet MMT arguments), but it does provide another vantage point on the problematic nature of “money” in economic theory.…Bond Economics Government Bonds As MoneyBrian Romanchuk

The matter has gone to India’s Supreme Court via a public interest litigation seeking probe against Hindenburg “for exploiting innocent investors.” Interestingly, Hindenburg also holds short positions in Adani companies through US-traded bonds and non-Indian-traded derivative instruments. Hindenburg’s actions have been controversial. The firm’s financial model involves identifying “bad” firms, investing to profit from the company’s price collapsing, and then publishing a negative report...

FEBRUARY 17 2023 One year has passed since the start of Russia’s invasion of Ukraine, and nothing seems to indicate that the flames of war are dying. Why does the war still continue? Why are military tensions rising in the world? We reject the thesis of a “clash of civilisations”. Rather, we need to recognise that the contradictions in the deregulated global economic system have made geopolitical tensions more acute (Opinion, February 14). One of the worst faults of the present...

If you cast your mind back to the peak of the GFC, when people were actually talking about the dissolution of the Economic and Monetary Union (EMU), a.k.a. the Eurozone, or more specifically, a unilateral exit by Greece or Italy, we were told by the ‘experts’ that it would be catastrophic. Over and over, headlines shouted at us how disastrous it would be if the Eurozone failed. Well, guess what, even pro-Euro researchers have come to the conclusion that the effects of collapsing the monetary...