Use to discuss topics unrelated to recent posts.
Reading
Economists Radhika Desai and Michael Hudson introduce their show Geopolitical Economy Hour discussing the rise of the multipolar world and decline of US hegemony.Geopolitical Economy
Geopolitical Economy Hour
Economists Radhika Desai & Michael Hudson explain multipolarity, decline of US hegemony
You know the drill.It was just explained in a previous post here.
The LensWhat Every American Needs to Know About the Congressional "Pay-For" Game (Part 2)
Stephanie Kelton | Professor of Public Policy and Economics at Stony Brook University, formerly Democrats' chief economist on the staff of the U.S. Senate Budget Committee, and an economic adviser to the 2016 presidential campaign of Senator Bernie Sanders
A physician diagnoses the problem with medical notes—with a prescription for change.
The post Why Reading Your Doctor’s Notes Can Be Painful appeared first on Nautilus.
More handwringing over "losses." Well, one party's loss is another party's gain.
They still don't get that QE involves fiscal withdrawals comparable to taxes by transferring interest payments to government while the raising rate involves a fiscal injection comparable to deficit spending by increasing interest payments to nongovernment. That is, the former decreases aggregate net financial assets of non-government (reduces nongovernment net savings in aggregate) while the latter increases aggregate net financial assets of non-government (increases nongovernment net savings in aggregate). QT acts like raising rates in that when the Fed sells bonds or lets them mature, then interest payments to nongovernment increase as a consequence, hence aggregate net financial assets of nongovernment also increase.
MMT 101. To understand the basics of reserve accounting and bank accounting, see MMT economist Eric Tymoigne's primer on money and banking here.