Author's posts
Dec 08 2016
Even Indians Get MMT
Not Native Americans, the largest democracy in the world kind. Unsurprising, they invented Chess. What Does Modern Money Theory Tell us About Demonetisation? By Sashi Sivramkrishna, The Wire 05/12/2016 The single most important assumption that economists, economic commentators and even politicians seem to build their macroeconomic arguments upon is that taxes fund government expenditures. This …
Dec 08 2016
You Thought I Was Done With Corbyn?
Au contraire, mon frère. Why Corbyn Won by Alex Nunns & Duncan Thomas, Jacobin 12.7.16 There were three major strands which came together in Corbyn’s first leadership campaign, and which continue to form the basis of the movement around him. These were existing Labour Party members, the trade unions, and a range of people on …
Dec 07 2016
Hard Facts
Yup. These are actual factual statistics that illustrate the rise in inequality in the United States. No fake news here, though it does not suit the lying establishment beneficiaries, enablers, and gatekeepers. Economic growth in the United States: A tale of two countries by Thomas Piketty, Emmanuel Saez, and Gabriel Zucman, Washington Center for Equitable …
Dec 06 2016
The New Oil Order
Despite a ballyhooed agreement between OPEC Members there is no reason to expect Oil prices to rise much anytime soon, though they may firm a bit and the global glut now being stored in rusting obsolete ocean going Tankers and equally rusty land based Storage Tanks reduced somewhat. This is not necessarily a bad thing …
Dec 06 2016
A Real Agenda For The Working Class
This post by Bill Black touches on some of the points I tried to raise with yesterday’s Italeave piece. Austerity is a failure and has been whenever and wherever tried, in the early 30s, in the late 30s, and for the past 6 or more years. It is impossible as a simple accounting rule for …
Dec 05 2016
Italeave
Italians Vote “No,” Renzi to Resign, Banking Crisis Now Looking for Taxpayers By Wolf Richter, Naked Capitalism December 5, 2016 While the UK voted to exit the European Union, Italy might try to exit the Eurozone. This will be tough to do, and it will have daunting implications. Alone a serious discussion of this topic …
Dec 04 2016
“Can’t get any worse.”
Just tried watching Saturday Night Live – unwatchable! Totally biased, not funny and the Baldwin impersonation just can't get any worse. Sad — Donald J. Trump (@realDonaldTrump) December 4, 2016 Unfortunately, not.