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!
London Museum of Neoliberalism - Neo-Lib Google Gallery see also > history real existing capitalism > NEO LIBERALISM - GLOBALISATION - HISTORY - POLITICS - US - BUSINESS - ECONOMICS - WASHINGTON CONSENSUS - Mark-Fisher - John N.Gray neo-liberalism - featured/selected - updates 9-2022 here suhrkamp.de/ google/de 11-2021 Globalismus und Demokratie - Politische Ökonomie im … Continue reading real existing capitalism – neo liberalism
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
Turns out Peter Bofinger is not the only German economist who can see MMT across the sea. There is at least one other. Maybe more to follow? "Say it quietly, but Germany has learnt the lessons of Keynes," argues Thorvaldur Gylfason. Mind you, he is talking fiscal largesse, not ECB money. In the "we are … Continue reading De facto MMT disequilibrating DSGE ?
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
"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