It seems that our current economic approaches are collapsing under the weight of their own premises, a result of their failure to account for the finiteness of resources and the realization that "our human money economy is a sub- set of the Earth’s larger bio-economy rather than the other way … [Read more...]
A winner: Alexandria Ocasio-Cortez’s green new deal
A winner: Alexandria Ocasio-Cortez's green new deal - Steven Hail Green New Deal offers a unique chance to stop the worst effects of climate change Alexandria Ocasio-Cortez has drawn much attention during her short time in office (screenshot via YouTube) You must have noticed the emergence of a … [Read more...]
Mainstream economics versus Minsky
Mainstream economics versus Minsky - Asad Zaman The following blog item by Asad Zaiman [1] is an extract from a longer article by the same author [2]: Krugman fails to understand Minsky. On the one hand, Minsky has been transformed from an eclectic outcast to a darling of the mainstream after the … [Read more...]
The purpose and function of Treasury bonds
The purpose and function of Treasury bonds - Ellis Winningham There are really only two reasons for Treasury bond issuance in any nation that issues a free-floating, inconvertible currency: one primary reason and one secondary, and neither are a necessity whatsoever. The primary reason for bond … [Read more...]
