Sunday, 31 May 2020

Dear oh dear: Richard Murphy tries to explain what money is.

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To his credit, Richard Murphy has now got the basics of MMT. But a recent three minute Sound Cloud talk / recording on the subject of wha...
Monday, 25 May 2020

A 500 word explanation as to why banks’ artificial privileges should be withdrawn.

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1. Depositing money at a bank with a view to earning interest amounts to asking the bank to lend on your money, so that the bank itself can...
2 comments:
Saturday, 23 May 2020

Simon Wren-Lewis’s strange argument for unskilled immigration.

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Simon Wren-Lewis is a former Oxford economics prof. I normally agree with him: in particular I fully agree with his very MMT compatible cla...
Friday, 22 May 2020

Ann Pettifor’s absurd ideas on MMT.

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I watched my first “Webinar” recently (which was about MMT). Never again, thankyou. While speeches at Webinars could potentially be high...
3 comments:
Thursday, 21 May 2020

Exam question: explain in 300 words why fractional reserve banking is legalised fraud.

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   Answer:   Since banks first appeared (probably thousands of years ago) private / commercial banks have accepted deposits and loaned...
1 comment:
Tuesday, 19 May 2020

Female economist (quite rightly) shows off her tits.

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  To see the tits wobbling, see here. What really counts in economics is appearances, not substance. That is, what counts is rhetoric...
Sunday, 17 May 2020

Useless article by Megan Green in Prospect Magazine.

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I’m new to Prospect Magazine, the magazine which claims to set out “the big ideas that are shaping our world”. I’m not impressed by the fir...