As usual, 26 January has been marked by protests, denunciations of those protests, and further iterations. Even apart from the fact that it marks an invasion, the foundation of a colony that later became one of Australia’s states isn’t much of a basis for a national day. A logical choice would be the day our Federation came into force. Unfortunately for this idea, our Founders chose 1 Jan 1901. The first day of the 20th century[1] must have seemed like an auspicious choice for a...

It’s Wednesday and I have several items to discuss or provide information about today. Today, I discuss the future of the EU-bonds that were issued as part of two main emergency interventions in 2020 as policy makers feared the worse from the pandemic. The question is whether these assets can ever become ‘safe’ in the same way that Japanese government bonds or US treasury bonds are clearly ‘safe’. The answer is that they cannot and the reason goes to the heart of the problem besetting Europe...

Banking and money is an area of ancient debates between post-Keynesians (and their fore-runners) and mainstream economists. Many of these showed up in my earlier book Abolish Money (From Economics)!, with the theme more focussed on money. Although I believe I need to touch on this topic, I want to keep it short. Partly because it appeared in another book, and partly because I am less and less convinced that these debates are that useful for discussing banking.Note: Once again, this is a...

Illumed, Illusion, Ill used one Another commentary done in a unique style by a former Slate commenter Weldon Berger. I had read about the Walgreen’s shoplifting media frenzy elsewhere. If you have been in a Walgreens, you have probably seen the cameras in the ceiling, wide open aisles, “Sparsely Illumed,” Weldon Berger, Bad Crow Review (substack.com) _____________________________________________________ “Where’s the hammer?”...

from Dean Baker I was happy to see this segment of Ezra Klein’s show (hosted by Rogé Karma) which featured an interview with Columbia University Law Professor Katharina Pistor. Pistor is the author of The Code of Capital: How the Law Creates Wealth and Inequality. I’ve not yet read the book, but got the gist from the interview. Pistor is arguing that we have structured the market in ways that generate enormous inequality. In the interview, she presents several ways in which the law has...

At least some others are exhibiting some skepticism… These types of statements are even more ridiculous than the NATO/CIA shills who predict the imminent collapse of the Chicoms https://t.co/kIny2dC0cn— Darren J. Beattie ? (@DarrenJBeattie) January 18, 2023 If you like some alternative to regime content Beattie is a good follow… 

The important trend in retail sales that Redbook’s weekly report is telling us about  – by New Deal democrat This is the first of hopefully two posts I will put up today. Tomorrow retail sales for December will be reported. In advance of that, I wanted to discuss their comparison with the weekly high-frequency data of Redbook consumer sales, which I have been paying heightened attention to in the past several months. Here is what Redbook...

This is the first full length episode of Utopias, Dystopias and Today's Technology. Our guest is Somil Gupta: https://www.linkedin.com/in/somilguptaai/ The topic is, as the title suggests, about the terms "Sharing Economy", "Peer to Peer Economy" and "Collaborative Economy" what they mean and what this means for us all. This episode makes a few references: The podcast, "What's the Buzz--AI in Business" by Andreas Welsch:...

Δήλωση του Γραμματέα του ΜέΡΑ25 Γιάνη Βαρουφάκη για την υποκριτική μεθόδευση της κυβέρνησης για...

Δήλωση του Γραμματέα του ΜέΡΑ25 Γιάνη Βαρουφάκη στην κινητοποίηση ενάντια στην έξωση του 9ου...