“...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
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…
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?
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 ?”
updated 9-2022 finance.yahoo.com 9-2022 Could China’s Yuan replace the U.S. dollar as the world’s dominant currency? Here’s how the Asian nation's trade supremacy is rapidly boosting its reserve status - by Vishesh Raisinghani ..."... The U.S. dollar displaced the pound just as America gained economic superiority over Britain. More than 75% of global transactions have … Continue reading Monetary fiscal US UK Can Fed BoE BoC Brazil
monetary phenomenology portal page on INFLATION inflation - What is it? gm pages, posts updated articles 8-2022 Inflation – what is it ? Milton Friedman told us: “Inflation is always and everywhere a monetary phenomenon”. But is it? QE-forever seems to suggest this can’t be right. Freedman’s inflation has been in trouble. But has it? So … Continue reading 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
Bernard Lietaer used to start his presentations with this multiple choice: 1) governments 2) central banks 3) private banks He stopped maybe because his typical audience now points to (3). But beyond the marginalized fringe of money reformers we still live in a world where 80% of the UK population, and 84% (!) of MP's … Continue reading Where Does Money Come from ?