Surprise surprise ChatGPT is a monetarist moron too:ChatGPT explains fractional reserve banking, as a surfer: pic.twitter.com/eS2l01OtTa— ChatGPT (@ChatGPTGoneWild) December 29, 2022 ie GIGO garbage in garbage out… its always been this way and always will... there is no such thing as "artificial intelligence!" its just another Art Degree figure of speech by these platonist trained morons who dont understand information systems... 

by Joseph Joyce The 2022 Globie: Money and Empire Every year we name a book the “Globalization Book of the Year” (aka the “Globie”). The prize is (alas!) strictly honorific and does not come with a monetary award. But announcing the award gives me a chance to draw attention to a recent book—or books—that are particularly insightful about globalization. Previous winners are listed at the bottom of the column (also see here and here). This...

Stjepan ‘Stippe’ Rasic har gått ur tiden. Malmös alla nattsuddare tackar dig för allt. RIP.

After an eventful 2022, what can we expect from 2023? DiEM25 co-founder Yanis Varoufakis with a quick look back at 2022 and a hopeful message of what should guide us in 2023, in the fight against oligarchs and the politicians that they own. "On behalf of DiEM25, greetings and Happy New year. 2022 brought us a hideous War and crippling price hikes. 2022 brought environmental disaster closer to home and varieties of neofascism at our door. 2022 was the year our dire predictions about...

Collecting so much tax, leaving everyone's balances drained! This is a big problem. 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

from Asad Zaman and the WEA Pedagogy Blog Why does “Sovereign Default” become a hot topic with annoying regularity in Pakistan? The fundamental problem is the huge imbalance between our exports and imports. In 2021, our exports were USD 30 Billion, while our imports were around USD 62 Billion. In general, since 1960 onwards, our imports have averaged about 18%, while exports have been around 12% of the GNP. After reaching a high of 16.9% in 1996, the export ratio has been declining...

TradeDe-dollarization and breaking free of the West both politically and economicallyDevelopment of Russia, Central Asia, the Middle East, India, and China as an independent economic blocIndia PunchlineRussia, Iran open a trade route heralding a blocM. K. Bhadrakumar | retired diplomat with the Indian Foreign Service and former ambassador

My friends — you bow to no one! Edward Snowden and Daniel Ellsberg. Bravest of the brave. Never give in. Never give up. [embedded content]

It’s Wednesday and also a holiday period, so just a few things today. First, I discuss a research paper that has concluded that central bankers have been using the wrong model for years which has resulted in flawed estimates of the state of capacity utilisation, and, in turn, created excessive unemployment. Second, we have a little Modern Monetary Theory (MMT) primer before going to the beach....Bill Mitchell – billy blogCentral bankers have created excessive unemployment for decades because...

.[embedded content] In loving memory of Kristina, beloved wife, and mother of David and Tora. Those whom the gods love die young. But in dreams, I can hear your name. And in dreams, We will meet again. When the seas and mountains fall And we come to end of days, In the dark I hear a call Calling me there I will go there And back again.