direct finance – UBI

theconversation.com 27/5/2021 Support is growing for a universal basic income – and rightly so In Wales, a survey showed 69% of people supported a trial, and a letter asking the British government to consider similar plans was signed by over 500 cross-party politicians from across the UK. Already, 32 local councils across the country have voted in favour of a pilot … Continue reading direct finance – UBI

DeGrowth – Décroissance for Xmas anyone?

Décroissance, or degrowth, is a story of hope amidst adversity. Just like Xmas. Born of the adversities of a poisoned and plundered planet, degrowthers say "No! No More! Let's get out of the Old National Market Hall of Sickly Scarcity and into the New Global Banquet Hall of Happy Abundance... Yes, contrary to first impressions, … Continue reading DeGrowth – Décroissance for Xmas anyone?

Creditors Kill Europe

In a pre-summit article, German finance and foreign ministers Olaf Scholz and Heiko Maas  suggest flexible ESM adjustments to provide  "quick and targeted relief... (and) ... a pan-European guarantee fund to secure loans ... (so)  the European Investment Bank (EIB) would ensure liquidity for small and medium-sized enterprises in the EU countries." read the whole … Continue reading Creditors Kill Europe

QE3 : The Board Members’ Memo

"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

Rethinking Capitalism

ECONOMICS AND POLICY FOR SUSTAINABLE AND INCLUSIVE GROWTH Edited by M. JACOB and M. MAZZUCATO "A fine collection of chapters by leading progressives on what went wrong -- low growth, flagging investment and innovation, too few jobs and too much carbon -- and what might be done. May it close the door on the failed "mainstream" … Continue reading Rethinking Capitalism

The Real Existing Economy: Value Revisited

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

MMT and Millennial Socialism

Letter to the Editor 19 February 2019 Socialist Quackery It is interesting that the Economist has lately started to mention MMT (Modern Monetary Theory), a school of thought that, after all, wasn't born yesterday but goes back to a seminal 1913 essay about money by A.Mitchel Innes, a banker whose understanding of money was arguably … Continue reading MMT and Millennial Socialism