contents selection deliberationcollective intentionality - researchreal existing democracy selection swiki/sortition - In governance, sortition (also known as selection by lottery, selection by lot, allotment, demarchy, stochocracy, aleatoric democracy and lottocracy) is the selection of political officials as a random sample from a larger pool of candidates. Sortition is generally used for filling individual posts or, … Continue reading participatory DEMOCRACY – citizens’ assembly – egalitarian representation -random conventions – epistemic practices
strange positive correlation between borrowing volumes and interest rate levels? - uncreditworthy businesses are altogether excluded from global debt markets...
“...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
sorry diese Seite ist ein work in progress Eberhard Gamm GG pdf – 2021 Was ist Geld? Die fehlerhafte Buchführung der Banken und ihre Folgen – Eberhard Gamm Die KurzfassungIn diesem Buch wird gezeigt, dassGeld eine Buchführungsgrösse ist, mit der erbrachte und in Anspruch genommene Leistungen abgerechnet werden;es sich bei einer Zahlung um die Verbuchung … Continue reading Eberhard Gamm – Geld als Buchführung
Der Titel “Der Mythos vom Geld – die Geschichte der Macht” trifft das Buch doppelt gut, denn es ist nicht nur eine chartalistische Geschichte von Geld als Macht, sondern gerade die Geschichte der Verschleierung dieser Macht…
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
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
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
I was about to leave my bookshop empty handed when I spotted a money title from an author not male, not middle-aged and not white: "We Need to Talk About Money" by Otegha Uwagba. A rare book indeed! So collectible I bought the pricey hardback. Having read it I have no regrets. Like Bourdieu, … Continue reading Pierre Bourdieu in Millenial Pink: ‘We need to talk about Money.’
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 ?
Das dysfunktionale globales Finanzsystem wurde abhänging vom Neugeld der QE Notfallinfusionen. Der Glaube an systemkonforme Entzugstherapie ist eine naive Illusion.
Wozu ein digitaler Euro, Dollar oder Yuan? fragt Die Zeit - Monetary-fiscal interactions on the way out of the crisis by Fabio Panetta
DSGE Departures In one of its daring trips beyond the walls of orthodoxy The Economist is indulging in a historic turn, reflecting that "Strangely, most economic models do not treat the economy as an evolving thing, undergoing constant change. They instead describe it in terms of its equilibrium: a stable state in which prices balance … Continue reading What happens when The Economist tries to escape from the Equilibrium Academy
Wie das kommende Digitale Zentralbankgeld (CBDC) die Banken und das Märchen vom Sparen bedroht; warum Banken kein Geld verleihen, es aber auch nicht Ex Nihilo schöpfen; und warum die orthodoxe Wirtschaftswissenschaft Geldschöpfung tabuisiert und Kreditgeld ignoriert.
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?
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?
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
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 ?”
gaia0geld updates >here - see also >greenwashing >sustainability ft.com 8/2021 The ESG investing industry is dangerous - A BlackRock dissident speaks truth - by Robert Armstrong Tariq Fancy is right about the ESG investment industry. Almost everything that Tariq Fancy says about environmental, social and corporate governance, or ESG, investing has been said before, in one form or another. … Continue reading green finance + investment, ESG
"A spectre is haunting the globe – the spectre of inflation. The powers that be have entered into an unholy alliance to ignore this natural expectation. But inflation will not be ignored. Daily some party is being decried as inflationist only to hurl back the branding reproach of incontinence. Two things result from this fact: … Continue reading Inflation? Inflation!
"The Best Way to Rob a Bank" - Ben Hunt's article about the tiny Bremer Bundaberg Bank that paid for Gupta buying Krupp is a delightfully illuminating summing up of the Greensill episode. Here are some highlights : "I think that the collapse over the past week of Greensill Capital has a lot of systemic … Continue reading Greensill
"Inflation ... has left many observers scratching their heads as to why the current level ... does not match the current state of the real economy ..." said ex ECB board member Sabine Lautenschläger in a recent speech. The Economist discerns "strange new rules", devotes a special report to "The End of Inflation?" and concludes that inflation is … Continue reading Head Scratching Inflation
"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 Economsit's Buttonwood mentions David Orrell! Mind you it's in the same disembedded manner in which heteros are occasionally allowed to represent "latest research"!;-D. Not a whisper about Orrell being DSGE-hate-mail attracting author of Economyths...
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…
Mariana Mazzucato's new book is a brilliantly competent and intelligent tour de force about the real existing economy. Her sociological habit of correlating academic economic thought with historic economic realities, relentless demolition of mainstream dogma, forensic analysis of the real flows of power and money and, last but not least, unequivocal rejection of the "money … Continue reading The Real Existing Economy: Value Revisited