from Lars Syll Chameleons arise and are often nurtured by the following dynamic. First a bookshelf model is constructed that involves terms and elements that seem to have some relation to the real world and assumptions that are not so unrealistic that they would be dismissed out of hand. The intention of the author, let’s call him or her “Q,” in developing the model may be to say something about the real world or the goal may simply be to explore the implications of making a certain...

1) SBF, FTX, WTF. The big story of the week remains Sam Bankman-Fried and the collapse of crypto exchange FTX. I haven’t written much about this topic because, well, crypto is not nearly as important as the amount of airtime it gets. It’s 0.5% of the world’s financial assets, but seems to get 50%+ of the media airtime. Additionally, I don’t believe that 100+ volatility assets should be a large part of anyone’s savings so in the scope of my asset management approach crypto is a fringe...

Bad news for the market. 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

While the world’s climate negotiators gathered for the COP27 summit in Egypt, a new report published by the Transnational Institute, a Dutch think tank, emphasizes how rising global military spending is a great threat to efforts to combat climate change.According to the report’s authors, “every dollar spent on the military not only increases greenhouse gas emissions, but also diverts financial resources, skills and attention away from tackling one of the greatest threats humanity has ever...

This is Gerardo Otero's Part II of his exposition of Thomas Piketty's book, Capital in the Twenty-First Century. It presents his elegant formula and explains why capitalism in its neoliberal stage tends to deepen inequality - and what it would take to change that to lessen inequality. A later video will present a critical synthesis of Piketty's 2022 book, A Brief History of Equality, in which he takes a more optimistic perspective than in his earlier book. His main proposal is for a...

JG.First IndiaIn A First, Gehlot Opens Job Cards For Urban PoorPrabhjot Kaur

By adding a so-called cap on Russian oil prices to the increasing barriers to develop domestic resources the G7 may be planting the seeds of a commodity super-cycle where dependence on OPEC and Russia increases, instead of decreasing.I repeat what I have been saying for months. The developed economies’ governments are taking their countries from a modest dependence on Russia to a massive dependence on China and Russia.…And making Europe massively dependent on the US, while also strengthening...

A discussion on “The importance of solidarity with the Palestinian people in the context of the global crisis” with Italian activist Luisa Morgantini and Yanis Varoufakis MP (secretary of MeRA25, co-founder of DiEM25) as speakers. This discussion took place in the context of the one-day film festival titled “In the Mirror of Palestine: Images and sounds of a quotidian struggle for dignity and freedom”, on Tuesday 29 November 2022, on the International Day of...

Mourning The Late Jiang Zemin? Former Chinese leader Jiang Zemin died at age 96 on Nov. 30, curiously just as the worst outbreak of demonstrations to happen in China since 1989 happened, probably now come to an end, as China both suppresses them, arresting some people based on phones and visual surveillance, as well as some loosening in certain locations of the zero covid policy. Jiang came to power initially in the immediate wake of Tienanman...

Anne Lowrey at The Atlantic recognizes a shortage of housing overall and mostly in the cities. “The U.S. Needs More Housing Than Almost Anyone Can Imagine.” Just how many houses, what is the number? How many homes must the expensive coastal cities in the US build to become affordable for middle-class and the working-poor families? Over the past few weeks, Anne asks a number of housing experts that question. Anne expected a straightforward...