In January, the U.S. and Israel conducted the largest joint military exercise in history.
The post Pentagon Developed Contingency Plan for War With Iran appeared first on The Intercept.
Reading
- by Peter Fraenkel
Monetary and fiscal policy frameworks for Australia part 2 John Haly This is a continuation of my October 2022 submissions in accordance with the review…
The post Monetary and fiscal policy frameworks for Australia part 2 first appeared on Economic Reform Australia.Yet more private equity corruption! And see how little it costs to buy the assent of public pension fund employees.
Homelessness study report and competitive neutrality Colin Cook The critique of the Productivity Commission’s ‘Review Study Report on the Housing and Homelessness Agreement’ by Profs…
The post Homelessness study report and competitive neutrality first appeared on Economic Reform Australia.Why handwringing about population decline is the wrong reaction.
Ecological reasoning demands perspectives that mainstream economics is designed to obliterate Gregory Daneke “Given the numerous disasters exhibited of late involving Mainstream Economics, various heterodox…
The post Ecological reasoning demands perspectives that mainstream economics is designed to obliterate first appeared on Economic Reform Australia.I spend a lot of my time thinking about global heating, where it’s often hard to be optimistic about the future. But there are some bright spots. In particular, there’s a good chance that 2023 will be the year that coal use finally begins a sustained decline, and relatedly the year the carbon dioxide emissions […]
General Paulo Sérgio alegou "falta de condições" para aterrissagem de helicópteros durante crise humanitária dos indígenas em Roraima.
The post Documentos contradizem versão de ministro da Defesa de Bolsonaro para negar apoio aos Yanomami appeared first on The Intercept.
Outsourced Vodafone HQ cleaners face 'victimisation' after pushing for higher pay while cleaning next to millionaire boss, Josiah Mortimer reports
Don't miss the op-eds from A Cruel and Mendacious Freak!
Let's remove all the manhole covers. What could go wrong?
The transition to a steady-state economy: reply to Michael Keating [1] Mark Diesendorf This article is a response to a previous article by Michael Keating…
The post The transition to a steady-state economy: reply to Michael Keating [1] first appeared on Economic Reform Australia.Seems to be what most of us thought it was before the war ever started: try to replicate Afghanistan in the 80s. Keep Russia tied down till Russia collapses, supplying weapons and letting masses of Ukrainians die, avoiding US casualties. The country will be in ruins and not recover for decades if ever.
There are a few problems with this.
Russia is not the USSR. In many ways the USSR was stronger, but Russia is far more resilient. The USSR had a food deficit, while Russia is a net food exporter: one of the world’s largest. They still have a vast market for hydrocarbons and for their weapons. There is nothing the West can sanction that they must have. This is especially the case because while China and India have pretended to go along with the sanctions, both countries are moving into Russia in a big way to replace the Western businesses which left.
I’ve enjoyed Miriam’s posts on things, little and big, that restore our faith in humanity, so I thought I would share a little hope of my own. I spend a lot of my time thinking about global heating, where it’s often hard to be optimistic about the future. But there are some bright spots. In […]
The debt ceiling limit is destructive, duplicative and dumb Stephanie Kelton In a previous issue of ERA Review we drew attention to the regular saga…
The post The debt ceiling limit is destructive, duplicative and dumb first appeared on Economic Reform Australia.
Treasurer Jim Chalmers has raised the prospect of enshrining an objective for superannuation in law. His promise that this will “end the super wars once and for all” is wishful thinking. read now...The money multiplier – neat, plausible, and utterly wrong Lars Syll The mainstream textbook concept of money multiplier assumes that banks automatically expand the credit…
The post The money multiplier – neat, plausible, and utterly wrong first appeared on Economic Reform Australia.The Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, December 2022 – today (March 1, 2023), which shows that the Australian economy grew by 0.5 per cent in the December-quarter 2022 and by 2.7 per cent over the 12 months. This is a significant decline in growth, which is now insufficient to prevent unemployment from rising over the coming period. Growth is being driven largely by continued (but moderating) growth in household spending. This was augmented by the strong rebound in the Terms of Trade (commodity prices), which helped net exports make a positive growth contribution. There was growth in employee compensation (the wage measure from the national accounts) of 3.2 per cent but that was largely due to administrative decisions (for example, minimum wage increases) that impacted in this quarter rather than being the result of market pressures. Households are now saving less relative to their disposable income in an effort to maintain consumption growth in the face of rising interest rates and temporary inflationary pressures.
A comment on Bernanke’s Nobel lecture James K. Galbraith There is no doubt that Ben Bernanke is a nice fellow, unpretentious despite having held high…
The post A comment on Bernanke’s Nobel lecture first appeared on Economic Reform Australia.The Australian Bureau of Statistics released the latest – Australian National Accounts: National Income, Expenditure and Product, December 2022 – today (March 1, 2023), which shows that the Australian economy grew by 0.5 per cent in the December-quarter 2022 and by 2.7 per cent over the 12 months. This is a significant decline in growth,…