DIE MONETÄRE MASCHINE – Aaron Sahr’s Kritik der Finanziellen Vernunft

DIE MONETÄRE MASCHINE - Kritik der Finanziellen Vernunft - Aaron Sahr - Rezensionen, Buchbesprechungen, Pressestimmen, Podcasts, Videos -

hetero highlights

next generation political economy - hetero research - quantum , crypto, feminist, degrowth economics, monetary mechanics, NFT, metaverse, D Orrell, Y Veroufakis,

Milton Friedman’s Interest Rate Fallacy

strange positive correlation between borrowing volumes and interest rate levels? - uncreditworthy businesses are altogether excluded from global debt markets...

Myth of Money – Story of Power – Stephen Zarlenga’s Lost Science of Money

“...marvelously helpful and has some stunning historical vistas..." Hugh Downs “...provides the needed background for seeing the basic structural issues at work" Michael Hudson “...a masterful work” Michael Kumhof Given Stephen Zarlenga turns out to be a prominent proponent of money reform in the US, it seems to have taken me a long time to … Continue reading Myth of Money – Story of Power – Stephen Zarlenga’s Lost Science of Money

Agent Orange? Bildungslücke der Ampelkoalition emittiert Aktienrente

Sehr Geehrte Ampel, In dem Glauben dass Sie meine freischaffenden Interessen am ehesten vertreten, möchte ich mich als Selbstständiger primär an Gelb, sekundär an Rot und zu guter Letzt an Grün wenden. Freiheit, Gerechtigkeit, Nachhaltigkeit - das ist gut. Ich freue mich Sie wollen auf dem Weg dorthin Fortschritt wagen. Gerade was die Digitalisierung angeht. … Continue reading Agent Orange? Bildungslücke der Ampelkoalition emittiert Aktienrente

Oeconomia oder die ewig wachsende Schuld des Geldes

Genial surft Carmen Losmann die Lernkurve des Geldes Die 2009 Krise machte die Filmemacherin neugierig. Kuriosität im Rücken, macht sie sich auf die Reise. Da war Sie nicht die einzige. Auch ich gehöre zu einer seither massiv gewachsenen Kohorte neuerer Geldforscher. Neuere Geldforschung Losmann's Erkenntnistrip hat allerdings was besonderes. Statt akademische Experten oder Geldreformer zu … Continue reading Oeconomia oder die ewig wachsende Schuld des Geldes

Alfred Mitchel Innes

Privately educated aristocratic diplomat and financial adviser Alfred Mitchel Innes is another famously marginalised non-academic non-economist. Based on real world knowledge and private research his seminal exposition of a credit theory of money was irrefutable enough even at the time for J M Keynes to nod approvingly (as he also did toward Yap Money and … Continue reading Alfred Mitchel Innes

BoE nudging mainstreamers toward re-discovery of credit channel ?

Looks as if just before the yachting season BoE economists have allowed themselves another peek beyond the pale of the classic Savings&Loans specs: ... "No existing studies that address the comovement puzzle account for the empirical movements in bank equity and credit spreads (see eg DiCecio (2009); Sterk (2010); Carlstrom and Fuerst (2009); Katayama and Kim (2013); Di Pace … Continue reading BoE nudging mainstreamers toward re-discovery of credit channel ?

Extra Muros Heteros : Tuure Parkkinen’s Root Bug Macro

"Geolibertarian experimental monetary realist" Tuure Parkkinen's root bug economics represents an audaciously original "PraxisTheorie" of the type only an institutional outsider would dare come up with.

Wie die Welt QE-süchtig wurde. Ann Pettifor zur Illusion des marktkonformen Entzugs.

Das dysfunktionale globales Finanzsystem wurde abhänging vom Neugeld der QE Notfallinfusionen. Der Glaube an systemkonforme Entzugstherapie ist eine naive Illusion.

Digital Money News – updates and articles on CBDCs, monetary politics and state digital currencies

Wozu ein digitaler Euro, Dollar oder Yuan? fragt Die Zeit - Monetary-fiscal interactions on the way out of the crisis by Fabio Panetta

CBDC Govcoins – Has The Economist unveiled the endogenous engine of capitalism?

Not quite. More like 101=404. Classical effort = Error not found. Missing as ever : The Money. “Economic action cannot, at least in capitalist society, be explained without taking account of money, and practically all economic propositions are relative to the modus operandi of a given monetary system,” Joseph Schumpeter 1939 The Economist special report 2021 The … Continue reading CBDC Govcoins – Has The Economist unveiled the endogenous engine of capitalism?

Karlsruhe – what next?

verfassungsblog.de    27/4/2021  A Relieving Decision    by  Hanno Kube With its interim decision of 15 April 2021, the German Federal Constitutional Court has paved the way for ratification of the 2020 Own Resources Decision by the German side. The speculation that the temporary order issued on 26 March 2021 against the German President – … Continue reading Karlsruhe – what next?

Confirmed: QE feeds Matthew Effect

Breaking Old News - QE really does feed Matthew effect!  Following bankers' earlier observations we now have official mainstream confirmation that  "softer monetary policy increases inequality." Not just in the US.  A fresh study by A.L. Anderson etal  provides "... new evidence on the distributional effects of monetary policy based on detailed administrative household-level data. The … Continue reading Confirmed: QE feeds Matthew Effect

“Digital Corrections – will crypto save capitalism, and the FED ?”

The FED has no way of re-balancing or raising rates without crashing the markets. The FED doesn't want to take the blame. Not again. Even though the markets are crying out for a correction.  There is no discipline. The level of incontinence is unprecedented. QE has got to stop. But how? One would like new … Continue reading “Digital Corrections – will crypto save capitalism, and the FED ?”

Zahlmeister entpuppt sich als Milchmädchen

The UK's Daily Express daily feeds Brexiteers with eye-popping revelations about the imminent implosion of the EU .  One soon learns not to put one's money on those.  But the unearthing of a 2year old CEP report  caught my attention. It's got some eye-popping numbers relevant to Germany's idea of it's position in Europe : … Continue reading Zahlmeister entpuppt sich als Milchmädchen

Inflation? Inflation!

inflation always monetary? - mainstream and hetero theories of inflation, how to measure inflation - decompose observed inflation into its monetary, demand-pull, cost-push and structural components - Inflation is a monetary and redistributional phenomenon

Monetary fiscal US UK Can Fed BoE BoC Brazil

unherd.com 3-5-2022 Is this the beginning of the end for the US dollar? - China is threatening to dump dollar reserves to protect them from seizure - by Philip Pilkington ..."On Saturday The Financial Times reported that the Chinese central bank and finance ministry held an internal conference discussing how to protect against potential US … Continue reading Monetary fiscal US UK Can Fed BoE BoC Brazil

MMT Modern Monetary Theory

MMT portal page - updated library of articles, books, videos, posts and pages on 1/2021 De-facto MMT disequilibrating DSGE ?9/202o German Economist Sees MMT MMT Across the Sea9/2019 Apropos of MMT2/2019 MMT and Millennial SocialismUS/UK  Monetary/FiscalEURO Monetary/Fiscal MMT/monetary fiscal articles   (updated 4/2022)   scroll or use ctrl+f  to search for topics or names mauricehoefgen.substack.com 3-2022 Das … Continue reading MMT Modern Monetary Theory

Ann Pettifor

g0g   deutsch hier Worldwide there are about 15.000 economists.  Six of them did predict the 2008/09 global-financial-crisis. Ann Pettifor was one of them. "Ann Pettifor, director of Policy Research in Macroeconomics (PRIME).  Pettifor’s 2006 publication – The Coming First World Debt Crisis – bombed on its release, but became a bestseller after the GFC. … Continue reading Ann Pettifor

“Stupid German Money”

Dummes Deutsches Geld As wkipedia tells us "Stupid German Money ... ist ein ursprünglich von der US-amerikanischen Filmwirtschaft geprägter Begriff für Gelder aus geschlossenen Medienfonds des deutschlandspezifischen grauen Kapitalmarkts. Diese Fonds wurden wegen hoher Abschreibungsmöglichkeiten als Steuersparmodell genutzt. Die Gelder flossen größtenteils in amerikanische Filmproduktionen." Since then it's been used derogatively and polemically to refer to … Continue reading “Stupid German Money”

Bernard Lietaer

Bernard Lietaer on YouTubelietaer.com unofficial website biography, terra currency GM/caw 2020 Bernard A. Lietaer used to suggest that the best way to understand a currency was to issue one. He wasn't joking, he played his part in creating the Euro, so his tagline goes, without adding that his (significantly different) version of the "common currency" ECU … Continue reading Bernard Lietaer

QE3 : The Board Members’ Memo

"If you are looking for intent AND stupidity, look at governments" World Citizen on Mishtalk. I call this this post QE3 because it turns out to be my third one on this topic. "End of (His)story" was the first. Not that I realised. I was just poking fun at all the defunct economics (1) implict … Continue reading QE3 : The Board Members’ Memo

The Queen, Seventeen, Halloween…

Ten years after the 2008 crisis I came across an old Guardian article : Queen finally finds out why no one saw the financial crisis coming Her Majesty gets the answer to her question – four years after she asked it – on a tour of the Bank of England One doesn't normally keep the … Continue reading The Queen, Seventeen, Halloween…