Tuesday, October 15, 2019
Michael Pettis: MMT Heaven and MMT Hell for Chinese Investment and U.S. Fiscal Spending
There are conditions under which governments can create money—or debt—without fear of inflation or excessive debt burdens. There are other conditions under which debt or money creation can lead to inflation and balance sheet problems.
Naked Capitalism – A Vintage Tipple for Survival in the Neo-Con and Neo-Liberal World
Colonel Smithers describes how the Square Mile has changed for the worse and how that wound up making Naked Capitalism part of his daily routine.
Income-Based Repayment Becoming a Costly Solution to Student Loan Debt
A proposal to fix income-based repayment schemes for student loan debt unwittingly illustrates the deficiencies of “preserve the status quo” approaches.
Post-Capitalists Must Understand the Role of Migration in Global Capitalism
Why the left needs to stop being naive about the economic uses of migration.
2:00PM Water Cooler 10/11/2019
Today’s Water Cooler:
EU Adopts Right to Repair for Household Appliances
European Commission approves right to repair regulations for household appliances: a start, but much less than what’s necessary to reduce waste, combat climate change, and save consumers money.
Announcing the 2019 Harry Shearer “Double Your Donation” Challenge!
Harry Shearer is making a big reader challenge! Will you take him up on it?
Uber to Owe UK >£1 Billion in VAT if It Loses Appeal on Suit on Driver Status, Also Loses Liability Insurer
More bad news for Uber.
Computer Science Now Counts as Math Credit in Most States – Is This a Good Idea?
Tech squillionaires are the moving force behind a succesful campaign to have secondary schools in the US give math credits for computer science courses.
Does France Have an “Exorbitant Privilege”?
Why exorbitant privilege may not necessarily result from having the reserve currency, but instead from the tax games multinationals play.
2:00PM Water Cooler 10/10/2019
Today’s Water Cooler:
Old Toryism, Risen from the Crypt
A deeper explanation of Brexit, contemporary UK events and how it inherits an old tradition of conventional Toryism.
