Also worth a look: Central Bank Myths (about inflation) Drag Down the Global Economy. The economics that justifies the draconian "inflation fight" really is bunk. Excerpt: "World Bank chief economist Michael Bruno and William Easterly asked, “Is inflation harmful to growth?” With data from 31 countries for 1961-94, they concluded, “The ratio of fervent beliefs to tangible evidence seems unusually high on this topic, despite extensive previous research.”
"It is increasingly clear that the real threat lies not with the person crossing a border, working a warehouse shift, or marching in the street—but with the structure that enriches itself by sowing division and suppressing dissent." - Peter Bloom
"You Yanks don't consult the wisdom of democracy; you enable mobs." - Australian planner
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Links for this week
(Principally from Ian Welsh's "Weekend Wrap") A reminder that "The law, in its magnificent equality, forbids rich and poo...
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Here's a detailed explanation by a Modern Monetary Theory founder, Stephanie Kelton. The bottom line: Social Security's enabling l...
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© by Mark Dempsey Since before the Renaissance, businesses have used double-entry bookkeeping to track their finances. This means financial ...
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From John Ganz "...assassinating Julius Caesar could never work: the world itself was changed; this one particular individual cold be ...
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