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?
"A fool is someone who knows the price of everything and the value of nothing". Central banker Mark Carney has diagnosed a crisis in value(s). He doesn't just mean prices being misaligned with values as in frothy asset overvaluations. That's just a symptom of a deeper malaise. The central idea of his book, says the … Continue reading Banking on Values
1999 guide designed to get America's youth interested in investing John Kay's "The Truth about Markets" and "Other Peoples' Money" I read as entertaining eye openers about real business, finance and government. His realist observations made for a wittily scathing critique of many of the ills now bundled into neoliberalism. Colliers and Kay's bete noir … Continue reading Individualism bankrupt. Greed dead. Say Collier and Kay.
Collective insanity, insurgent revolt or just playing games? Who cares if we can all have a laugh at Mr Moneybags drop his shorts and reveal the entitled shrivel underneath. As Kenan Malik writes in The Guardian "Having been outgamed by a bunch of nerds, the titans of Wall Street did what all entitled people do. They … Continue reading GameStop doesn’t stop the game