Mainstream monetary theory - neat, plausible, and utterly wrong - Lars Syll In modern times legal currencies are totally based on fiat. Currencies no longer have intrinsic value (as gold and silver). What gives them value is basic- ally the legal status given to them by government and the simple … [Read more...]
The future of economics
The future of economics - Steve Keen Economics is a divided and lost discipline. Pretending everything is okay is choking off paths for understanding how the economy works and should work. At the beginning of the Millennium, economics was triumphant. George W Bush’s economic advisor Ed Lazear … [Read more...]
U.S. will meet Paris accord commitments despite Trump’s withdrawal
U.S. will meet Paris accord commitments despite Trump's withdrawal Renewable energy will be the cheapest form of power almost everywhere by 2020 An article published in The Independent by Harriet Agerholm [1] draws attention to a report by analysts at the investment company Stanley Morgan, … [Read more...]
What can Tesla’s giant South Australian battery achieve?
What can Tesla’s giant South Australian battery achieve? - Ariel Liebman and Kaveh Rajab Khalilpour Recently, world-famous entrepreneur Elon Musk jetted into Adelaide to kick off Australia’s long-delayed battery revolution. The Tesla founder joined SA Premier Jay Weatherill and Romain … [Read more...]
