This debate in itself is not particularly significant (other than possibly showing up in internet MMT arguments), but it does provide another vantage point on the problematic nature of “money” in economic theory.…Bond Economics
In August 2017 I travelled to Dayuma, a small town on the Ecuadorian oil frontier. I was conducting research for my recent book on fantastical materialism and post-neoliberal state utopias, which was the focus of my previous post on literary techniques for the critique of political economy. But as I entered the town, I could see a demonstration taking place outside the production facilities of a multinational oil company. And within hours of my arrival I was caught up in a labour dispute, which quickly escalated into a more serious and generalized conflict, involving the detention of the strike organizers, the kidnapping of the company manager, the blockading of the production complex, the launch of a military operation to break the blockade, and the unleashing of a rapidly evolving battle against seemingly impossible odds that was destined to achieve a remarkable victory [...]
These bananas are perfect for making banana bread, so I will toss them in the freezer for a few months until I’m ready to pull them out and throw them straight into the trash can. In the meantime, they’ll take up a bunch of space, and I’ll look at them and think, These stupid bananas. I’d like to make a banana loaf because, man, are those delicious warmed up with butter, but I have never made one in my life, will never make one before my dying breath, and don’t even own a loaf pan.
Banana muffins seem like a great little snack for someone who’s a better person than me. I bet someone who comes home at the end of their workday and places their dirty clothes into the hamper rather than piling them on the chair in the corner of the bedroom for the next three weeks would whip up some mean banana muffins. Those little babies would be so soft and fluffy with whatever ingredients make them that way, including these rock-hard, freezer-burned bananas that I will never touch again.
An evolutionary biologist on the harm still being done by unsubstantiated beliefs.
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The matter has gone to India’s Supreme Court via a public interest litigation seeking probe against Hindenburg “for exploiting innocent investors.” Interestingly, Hindenburg also holds short positions in Adani companies through US-traded bonds and non-Indian-traded derivative instruments.
Hindenburg’s actions have been controversial. The firm’s financial model involves identifying “bad” firms, investing to profit from the company’s price collapsing, and then publishing a negative report about the company....
Honorary Vice President at IMANI Center for policy and education, Bright Simons, on the challenges Ghana is facing
Bright Simons is honorary Vice President at IMANI Center for policy and education, a think tank dedicated to policy and research on rule of law, market growth and development, individual rights, and human security and institutional development. He previously served on the World Economic Forum's Africa Strategy Group.
If you cast your mind back to the peak of the GFC, when people were actually talking about the dissolution of the Economic and Monetary Union (EMU), a.k.a. the Eurozone, or more specifically, a unilateral exit by Greece or Italy, we were told by the ‘experts’ that it would be catastrophic. Over and over, headlines shouted at us how disastrous it would be if the Eurozone failed. Well, guess what, even pro-Euro researchers have come to the conclusion that the effects of collapsing the monetary union would be minimal, to say the least. And when we dig into their analysis a bit deeper, using technical knowledge, the results are even more devastating for the pro-Euro camp. Mostly, using techniques that give pro-Europe narratives the best chance of delivering supportive empirical results, they find mostly impacts that are not statistically different from zero, of an abandonment of the common currency and a return to currency sovereignty for the 20 Member States. I haven’t seen any attention given to this in the mainstream media or from those pro-Euro Tweeters that tweet away with all sorts of nonsense about how good the common currency has been.