updates

"Always and Everywhere?" 11/21 CasP/Blair Fix: Inflation is always a phenomenon of structural change 4/12/2021 Markets: Powell Pivots Omicron to Volatility 4/12/21 Geert Mak + Cees Nooteboom Europe books reviewed 4/12/21  The Great Resignation - ft reviews work books 12/21 Nigel Warburton's top 5 philosophy books 2/12/2021 Climate costs: Bjørn Lomborg caught cheating (again?) 2/12/2021 … Continue reading updates

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

Vorsprung durch Grünwasch

Ersparen Sie Grün? Im ewigen Kampf um die relative Kapitalisierung freut Bloomberg sich am Reputationsschaden einer populären Deutschen Grünwaschanlage. Trotz Kreditschwemme ist der Job der Vermögensverwalter nicht einfacher geworden. Der Anleger erwartet zwar Bitcoinartige Gewinne, möchte aber nicht mehr im Sklavenhandel stecken, zumindest nicht wissentlich, da das zu unangenehmen Schlafstörungen führt. Sklavenfreier Zucker? So versprechen … Continue reading Vorsprung durch Grünwasch

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

Cop-out CoP and the elephant in the room

I am copping out of my CoP post. I am way off target. Instead of editing my article reviews I got lost in a meandering mishmash of a maybe essay on money, value and growth. Like "Growth! What Growth?" Trying to think (too) big was probably inspired by the Dawn of Everything. I've had too … Continue reading Cop-out CoP and the elephant in the room

Halloween news

GaiaMoney will always be a work in progress and reconstruction continues. But we are no longer a building site. A COP post is in the pipeline. Meanwhile check out October's updates. https://gaiageld.com/updates/ Or read this post from the archives. https://gaiageld.com/2019/09/27/the-queen-seventeen-halloween/ Just follow the money...

THE DAWN OF A NEW HISTORY?

The Dawn of Everything - A New History of Humanity by David Graeber and David Wengrow - reviews - 'This is not a book. This is an intellectual feast' Nassim Nicholas Taleb - click image to read

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

Poland Exits EU

"In the hierarchy of law the EU Treaty sits below the Polish constitution just like any other ratified international contract." Polish Constituional Court 7/10/2021 "In der Hierarchy der Gesetzesquellen steht der EU Vertrag im Polnischen Rechtssystem unter der Polnischen Verfassung, wie jeder andere ratifizierte internationale Vertrag auch." Polnisches Verfassungsgericht 7/10/2021 Wow! I wonder why some … Continue reading Poland Exits EU

The Economist : Korsett der Schwarzen Null raubt der Ampel den Atem

The Economist's Sonderbericht zu "Deutschland nach Merkel" hat was besonderes. Deutsche Medien lesen hier eine "eiskalte Kritik" an deutscher Selbstgefälligkeit und Reformunfähigkeit. Doch letztere sieht The Economist heutzutage in der polarisierten US, Brexitland und praktisch weltweit. Was hier überlesen wird ist dass im Gegensatz zu den relativ hoffnungslosen Anglo Ländern Deutschland als Tragigkomödie daherkommt... >>>Bild klicken um weiterzulesen<<<

Pierre Bourdieu in Millenial Pink: ‘We need to talk about Money.’

  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.’

Real World Economics Review Out Now

This review serves up some excellent articles, including CasP's Blair Fix on the "Ritual of Capitalisation", John Komlos on the US economy, and Radhika Desai with Michael Hudson on the "Dollar Creditocracy". But it is Ib Ravn's "educational" article on banking, money creation and credit money that stands out as a uniquely comprehensible introduction to the real existing money system. Highly recommended!

Doughnut Economics Action Lab Now

Check out this fresh package of Doughnut Economics - A series of four lectures covering the fundamentals of Doughnut Economics, hosted by Ubiquity University New DEAL economics see also: https://gaiageld.com/kate-raworth/ https://gaiageld.com/2020/12/23/decroissance-for-xmas-anyone/ https://gaiageld.com/2021/01/04/degrowth-auf-deutsch/ https://gaiageld.com/ecological-economics/  

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.

Rethinking Trade and Development

Rethinking Trade + Development: Towards a Post Hegemonic World. A star studded cast of classic hetero economists talk off and against the mainstream tide

Why not Dress Rhodes in the Slave Collar of Racism?

Anthony Gormley has suggested turning Cecil Rhodes statue to face the wall in shame. My suggestion is meant to be a bit more explicit. A slave collar points to the history of racism as a rationalisation of slavery.

Twilight of the Money Gods – Economics as a Religion and How it all Went Wrong By John Rapley

John Rapley's Twilight of the Money Gods is the story of economics, told not as the science it strove to be, but as the religion it became. "I am an international development practitioner from Bangladesh. Every day I see firsthand how nice elegant economic models, with their neat assumptions, often don’t survive their encounter with reality."

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.

Rehab Anyone? Ann Pettifor on going cold turkey as Lords poke into QE

"The only way to call time on QE, if that is what we truly want, is to deconstruct and then reconstruct, regulate and stabilise the whole financial system, so that the extraordinary privilege of credit creation is always balanced by a responsibility not to take undue risks." Ann Pettifor

Tipping Points

Today the news fed me two tipping points for the price of one : Amazonia and plastics. How do climate tipping points happen? Two ways. Gradually, then suddenly."

Digitales Zentral Bank Geld : Geld zwischen Schleier und Tabu (3)

TheEconomist zur Dominanz des Kreditgeldes, dessen Missachtung durch die orthodoxe Ökonomie und die Schwierigkeiten einer Wirtschafts-Wissenschaft ohne Mensch und Geld

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

What happens when The Economist tries to escape from the Equilibrium Academy

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

Digitales Zentral Bank Geld : Geld zwischen Schleier und Tabu (2)

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.

Digitales Zentral Bank Geld : Geld zwischen Schleier und Tabu (1)

Hat TheEconomist den endogenen Motor des Kapitalismus enthüllt? Eher nicht. Eher 101=404. Der klassische Fehler wird nicht gefunden. Man man mag die orthodoxe "Savings&Loans" Spar-Brille nicht absetzen. Trotzdem lohnt sich die Lektüre. Die Staats-Digital-Währung kommt. So oder so.   e-Yuan will do nicely Im AngloMainstream wird jetzt öfter von digitalem Zentralbankgeld gereded. Schon wieder ein … Continue reading Digitales Zentral Bank Geld : Geld zwischen Schleier und Tabu (1)

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?

Infinite Plastic Pollution Meets Systemic Inelasticity

https://www.youtube.com/watch?v=Hr6RqGg6ExE Boris' Fantastic Plastic Export Boom Don't miss this fantastic plastic video! Plastic waste? In the 1970's economists typically dismissed the "Limits to Growth" report as “worthless science” and “ignorance masquerading as knowledge". Robert Solow's possibly illogical but impressively complex maths of "Eternal Growth" obscured his own ignorant limits of imagination. "Solow and colleagues never … Continue reading Infinite Plastic Pollution Meets Systemic Inelasticity

Is Greenwashing the New Money Laundering?

Not exactly. It's not new. And it's a lot bigger. The trillions involved are likely to dwarf the entire history of money laundering. Dig into the numbers below. But lets look on the bright sunny core of greenwashing. Unlike money laundering this is not aiding and abetting criminals. On the contrary. It's keeping legal businesses … Continue reading Is Greenwashing the New Money Laundering?