Here I am in Gower Stret London after a meeting this morning. Tomorrow I will be the guest of the Gower Initiative- see my blog Wednesday for details.
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(https://billmitchell.org/blog/?p=61533)
My conception of the appropriate scale of reform has tended to be national, given my consideration of Modern Monetary Theory (MMT) and the capacity of currency-issuing governments.
It is also the scale where democratic legitimacy is married to that currency-issuing capacity.
(…)
… since 2021, most central banks have significantly increased interest rates to, in their view, combat the inflationary pressures that emerged.
These nations have also tightened fiscal policy to, allegedly, ‘support’ the anti-inflationary stance of their central banks. Japan, in contradistinction has held interest rates constant while also increasing their fiscal policy stimulus to help households and firms deal with the rising cost-of-living pressures.
The nations that implemented contractionary policies not only misunderstood the nature of the inflationary pressures, but also demonstrated the poverty of the mainstream policy approach.
In this talk, I discuss the reasons the mainstream approach failed and why it is unfit for purpose.
…
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Macro n Cheese Podcast #MMT@CheeseMacro
This week’s @CheeseMacro podcast episode featuring @wbmosler, the originator of Modern Monetary Theory & author of The 7 Deadly Innocent Frauds of Economic Policy & Soft Currency Economics II, will be released on Sat, Jan 27 @ 8 AM EST.
Listen to it at http://realprogressives.org/macro-n-cheese-podcast/
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(https://twitter.com/sdgrumbine/status/1750654651806953969)
Imagine if Jeremy had ever learned that currency issuing nations like the UK and the pound and the US and the dollar are constructs of the state patented and created by law. They are a unit of account the state creates at will. All death by war or poverty is a choice. Murderers.
Aipamena
Jeremy Corbyn@jeremycorbyn
21 h
Why is there always money to bomb people, but never any money to feed, house or care for people?
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I still remember when in a 2011 Bloomberg interview Musk was literally laughing at the very notion of Chinese car companies competing with Tesla. 13 years later, the same Musk: “Chinese car companies are the most competitive companies in the world… If no barriers are established, they will pretty much demolish most other car companies in the world. They are extremely good.”
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WHY IS BILL GATES NOT IN JAIL?
Why was a man with no medical degree allowed to go on TV to push an experimental gene modification injection he had invested in on billions of people which then proved to be the most deadly “medical” injection of all time? Why is he not in jail for insider trading, fraud, and mass manslaughter?
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Croatian MEP, Mislav Kolakušić: “[The WHO] should be declared a terrorist organisation… [It] is more dangerous for humanity than the WEF.” “It would be healthier and safer for humanity to sign an agreement with the Colombian drug cartel [than to sign an agreement with the World Health Organisation].” Credit:
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