Rachel Adeney and Amy Fraser Operational risk is rapidly becoming one of the most important threats to the financial system but is also one of the least well understood. Cyber attacks are regularly cited as one of the top risks faced by firms in the financial sector and one of the most challenging to manage. … Continue reading When the lights go out: why does operational risk matter for financial stability?
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Wages are rising within the RBA's target band of inflation but profits are soaring 7 times that rate. And yet the RBA is more concerned with rising wages than profits
The post The RBA talks tough about low-rising wages but not soaring profits appeared first on The Australia Institute.
It starts with a tweet: It's time for Christians in every country to come to...
The ever excellent Scot Goes Pop blog of James Kelly has posted an article disagreeing strongly with my contention that the Alba party should fight the SNP at the next Westminster election, should the SNP renege on its commitment to a “Plebiscite election” that determines Independence. As James is a person for whom I have […]
The post A Response to James Kelly appeared first on Craig Murray.
Cormac McCarthy asks an interesting question here, and gives the wrong answer, also interestingly. Along the way he manages to describe in simple language a fundamental problem of how our minds work, one that he rightly says, remains mysterious – though … Continue reading
Interest rate hikes will hurt workers to protect profits (Part 2) Anis Chowdhury This article continues from part 1 in the previous issue of ERAR.…
The post Interest rate hikes will hurt workers to protect profits (Part 2) first appeared on Economic Reform Australia.Our electricity system A tragedy of the commons Colin Cook The Australian electricity system is in chaos; variously described as ‘a perfect storm’ (multiple quotes)…
The post Our electricity system first appeared on Economic Reform Australia.Good news – there’s a clean energy gold rush under way We’ll need it to tackle energy price turbulence and coal’s exodus – Bjorn Sturmberg…
The post Good news – there’s a clean energy gold rush under way first appeared on Economic Reform Australia.The magnitude of the required reductions RWER Editor Extracted from an article by Ted Trainer [1,2] It is not commonly understood how large the reductions…
The post The magnitude of the required reductions first appeared on Economic Reform Australia.Last exit to the road less travelled J.D. Alt* We now stand where two roads diverge. But unlike the roads in Robert Frost’s familiar poem,…
The post Last exit to the road less travelled first appeared on Economic Reform Australia.The use and abuse of MMT (Part 1) Michael Hudson, Dirk Bezemer, Steve Keen and Sabri Öncü Summary After being attacked by monetarists and others…
The post The use and abuse of MMT (Part 1) first appeared on Economic Reform Australia.Contradictions of the hydrogen economy Greg Reid There is much hype as well disinformation about the potential of hydrogen but there is no doubt that…
The post Contradictions of the hydrogen economy first appeared on Economic Reform Australia.The Nobel Prize for mediocrity and irrelevance Steve Keen I was going to ignore the Nobel Prize for Economics, which is always awarded to economic…
The post The Nobel Prize for mediocrity and irrelevance first appeared on Economic Reform Australia.The primary driver of environmental degradation To improve Australia’s natural environment, we first need to recognise and address the drivers of its degradation. The delayed…
The post The primary driver of environmental degradation first appeared on Economic Reform Australia.The market has failed to give Australians affordable housing so don’t expect it to solve the crisis H. Pawson, W. Randolph, C. Leishman, N. Gurran, P.…
The post The market has failed to give Australians affordable housing first appeared on Economic Reform Australia.A “plebiscite election” on Scottish Independence can only mean an election fought on that issue with the understanding that, if the election is won, Independence will be declared. It cannot mean anything else. In particular, a “plebiscite election” cannot possibly mean an election which, if won, results in a request for a referendum. We have […]
The post A Real Plebiscite Election, or Fight the SNP appeared first on Craig Murray.
Before Sidewalk Labs targeted Toronto for its "smart city" project, it found 1,307 acres of land near downtown Detroit where its team believed they could carry out their utopian vision. There was just one problem.
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Economic grammar of the multitude - Protocols for postcapitalist economic espression
The Economic Space Agency has spent several years imagining a system for individuals and organisations to account for exchange, allocate risk and reward, and measure and store value without using or even referring to fiat money.
They have finally produced a book explaining the economics of it, which is presented here, along with my rendition of it.
The proposed system is intended to work entirely independently of fiat monies, even as a measure of value. The very meaning of 'value' should emerge from each group and aggregate across the network, similarly to how it works in the credit commons protocol (though I haven't written about that so far).
Happy (nearly) Halloween and Day of the Dead, Jazz Pickles. Though they are
related, there are fundamental differences between the U.S. holiday of
Halloween and that of Dia de Los Muertos in Mexico…
To close out National Cookbook Month, I present to you Robert Carrier’s Menu Planner. I know very little about Robert Carrier. Although he is American born and raised he found fame in Europe. I had never heard of him growing up. This cookbook is rather fun. It’s huge. (it weighs nearly 5 pounds) contains 300Continue reading Robert Carrier’s Menu Planner: Iced Tomato Vodka, Steak au Poivre & Blueberry and Caramel Cream (1984)
If rents rise or fall this change must occur via the speed at which rental homes at current prices are taken up.
Just as we need to get the money out of politics, we have been gifted a Prime Minister who represents the ultra-rich. By George Monbiot, published in the Guardian 26th October 2022 Before we decide what needs to change, let’s take stock of what we have lost. I want to begin with what happened last […]