17th of October, 2024 Over the years, “Fortress Europe” has relied on a mix of bribery and force to keep out undocumented migrants fleeing wars, famine, and conditions of extreme poverty in Sub-Saharan Africa. But such measures are no solution to a problem that ultimately stems from much larger global and historical forces. LONDON – In 2023, 150,000 migrants crossed the Central Mediterranean in small boats from North Africa, fleeing war, pestilence, and starvation in their own...

This is what will be presented at the upcoming BRICS + meeting. Download report at link below.Description on X here. (It's nothing like the cheerleaders have been projecting.)BRICS Chairmanship ResearchImprovement Of The International Monetary And Financial SystemThe Ministry Of Finance Of The Russian Federation, Bank of Russia, Yakov and Partners

In a New York Times editorial, David Leonhardt recounts Aesop’s apocryphal story about the boy and the wolf, warning that while deficit hawks have so far been wrong, the growing government debt will eventually bite. He reports the economic plans of both presidential candidates would add to the debt that will soon exceed GDP and grow to 130 percent of annual output under a President Harris, or 140 percent with a Trump presidency.The story of the boy and the wolf was a fable, although it was...

Today (October 18, 2024), MMTed releases Episode 7 in the Second Season of our Manga series – The Smith Family and their Adventures with Money. Have a bit of fun with it while learning Modern Monetary Theory (MMT) and circulate it to those who you think will benefit.…William Mitchell — Modern Monetary TheoryEpisode 7 (S2) of the Smith Family Manga is now available – A revealing Zoom sessionBill Mitchell | Professor in Economics and Director of the Centre of Full Employment and Equity...

MMT to the rescue (from neoliberalism). This applies similarly to other countries running under neoliberalism, which can be broadly characterized as policy formulation based on state capture by elites in a plutocracy masquerading as a democracy. Social Justice AustraliaHow Australian Monetary System Favours the PowerfulDenis Hay

What is malinvestment?

 – by New Deal democrat Before I get to the (relatively) good news in retail sales, let’s take a look at the bad news from industrial production. On a monthly basis, production declined -0.3%. Manufacturing declined -0.4%. There were also downward revisions to last month. Both of these continue to slowly fade from their 2022 peak: On a YoY basis, production is down -0.6%, and manufacturing production is down -0.4%: For all intents...

Detta överskottsmål, som kanske låter sunt och försiktigt och utgörande en del av vårt lutherska kulturarv och därmed en del av vår ”svenska identitet”, är enligt min mening både feltänkt och djupt förankrad i den 90-tals ideologi som få säger sig bekänna sig till idag, ”nyliberalismen”. Den är ett verktyg för att begränsa och hålla den offentliga sektorn på plats och inget annat. Dess förmenta fruktbarhet grundar sig på en falsk historieskrivning om den svenska 90-talskrisen,...

by Steve Roth Originally posted at Wealth Economics Please excuse two paragraphs of a personal insight up front here. I think it’s pertinent. What follows are some serious research results, just out, that I think are hugely revealing about the ways of the (economic) world. I had a visit from an old and good friend recently: dad of one of my kids’ best childhood friends, and in more recent years a business/investing colleague. We both had...

I will try to say more about this, but for now: You might have missed it, but in August, Gorsuch published a book titled Over Ruled, which argues that there are too many laws on the books and that government officials at both the federal and state levels are enforcing them in increasingly unpredictable and unjust ways. The argument is not exactly original, but it takes on a different force when it comes from a sitting Supreme Court justice....