The Empire Files has the video CIA Stories: The CIA is Born.
Abby Martin introduces the first installment of a new Empire Files series about the CIA explaining why the agency was created, and how it became the most nefarious criminal organization in the world, with CIA expert Douglas Valentine.
Global Institute for Sustainable Proeperity – GISP has the podcast #105 Sam Levey: Krugman, Bond Markets & BS Jobs.
Patricia and Christian talk to MMT scholar and Deficit Owl Sam Levey about recent press coverage of MMT and the late David Graeber’s Bulls**t Jobs.
Even I learned some nuances about MMT. There is one problematic issue that stood out for me. Sam claimed an algebraic formula where the variable C appears on both sides of the equation. I know I have debunked this before because the C on each side of the equation does not stand for the same thing, and cannot be cancelled out. I think I wrote about how the correct equation could be written when Joe Firestone made a similar mistake. I can’t find this previous article anywhere on my blog.
Institute for New Economic Thinking has posted Calculating the Cost of COVID.
Inflation? Expanding digital currencies? What’s next in this brave new world?
Jens Nordvig (Founder & CEO, Exante Data) describes what he saw as the pandemic unfolded, and where it might be taking us.
More non-ideological analysis of what is going on. It is not an attempt to predict the future. I like reporting the news rather than trying to predict the news.
Institute for New Economic Thinking has the article China and the Supply Chain: A Comment on the June 2021 White House Review By James K. Galbraith.
Contrary to rhetoric from Democrats and Republicans, the U.S. has an economic interest in trade and peace with China.
A very calm and even handed analysis of the situation. It would do a world of good if more people in the USA understood this.
The Blockchain Debate Podcast has the episode on Central Bank Digital Currency.
Motion: The US urgently needs to catch up on Central Bank Digital Currency (Robert Hockett vs. Lawrence White)Motion: The US urgently needs to catch up on Central Bank Digital Currency (Robert Hockett vs. Lawrence White)
Good discussion of central bank digital currency issues. Larry White kept talking about the loanable funds model of private bank lending before being challenged by how private bank lending is currently conducted.
I think the discussion lends credibility to my idea of saying that private banks create promises of money compared to the central bank creating actual money. I think that is less confusing than talking about exogenous money and endogenous money or real bills. I am not proposing any new theory, just some change in terminology.