@jimg11.bsky.social
Reposted
Thursday's blog post (31/07) is now posted (16:51 EAST) - Major shifts in sentiment within Japan as they try to escape the cost-cutting excess profits mindset - billmitchell.org/blog/?p=62696
Major shifts in sentiment within Japan as they try to escape the cost-cutting excess profits mindset – William Mitchell – Modern Monetary Theory
billmitchell.org
July 31, 2025 at 6:51 AM
Thursday's blog post (31/07) is now posted (16:51 EAST) - Major shifts in sentiment within Japan as they try to escape the cost-cutting excess profits mindset - billmitchell.org/blog/?p=62696
Reposted
South Australia leads the way in busting illegal tobacco/vape shops. What's holding back other states? My new blog simonchapman6.com/2025/05/26/s...
South Australia is busting illegal tobacco traders big time. What’s stopping the rest of the country?
Labor’s stunning election victory and the relegation of the conservative opposition to likely years of political eunuch status opens up many opportunities across all areas of government. With healt…
simonchapman6.com
May 26, 2025 at 1:53 AM
South Australia leads the way in busting illegal tobacco/vape shops. What's holding back other states? My new blog simonchapman6.com/2025/05/26/s...
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Yeah and who are people turning to to actually understand this crisis? Maybe time to put some thought into the pop commentary Catherine.
www.crisesnotes.com/musk-in-your...
www.crisesnotes.com/musk-in-your...
April 15, 2025 at 2:38 PM
Yeah and who are people turning to to actually understand this crisis? Maybe time to put some thought into the pop commentary Catherine.
www.crisesnotes.com/musk-in-your...
www.crisesnotes.com/musk-in-your...
Reposted
3 essential newsletters for a finance crash course:
Nathan Tankus, www.crisesnotes.com
Adam Tooze, Chartbook
Tracy Alloway & Joe Wiesenthal, Odd Lots.
Got us through Wall Street Crash, Euro Crisis, Covid Crash, and now just fantastic on the wreckage of the global dollar during Trump Crash.
Nathan Tankus, www.crisesnotes.com
Adam Tooze, Chartbook
Tracy Alloway & Joe Wiesenthal, Odd Lots.
Got us through Wall Street Crash, Euro Crisis, Covid Crash, and now just fantastic on the wreckage of the global dollar during Trump Crash.
ICYMI I put out a very long piece yesterday on the "crisis of the dollar"narrative going around. To unpack it I ran through a thorough explanation of financial derivatives & the dollar-based 113 Trillion dollar FX swap market that structures global money & finance
www.crisesnotes.com/is-the-trump...
www.crisesnotes.com/is-the-trump...
Is the Trump Tariff Financial Crisis A Crisis of the Dollar? It Doesn’t Seem to Be … Yet
SubscribeTip!
For those just tuning in: I wrote a piece a day for the first three days of this week on what we should probably now term the “Trump Tariff Financial Crisis”. I am coming to you Sunday ...
www.crisesnotes.com
April 14, 2025 at 11:46 PM
3 essential newsletters for a finance crash course:
Nathan Tankus, www.crisesnotes.com
Adam Tooze, Chartbook
Tracy Alloway & Joe Wiesenthal, Odd Lots.
Got us through Wall Street Crash, Euro Crisis, Covid Crash, and now just fantastic on the wreckage of the global dollar during Trump Crash.
Nathan Tankus, www.crisesnotes.com
Adam Tooze, Chartbook
Tracy Alloway & Joe Wiesenthal, Odd Lots.
Got us through Wall Street Crash, Euro Crisis, Covid Crash, and now just fantastic on the wreckage of the global dollar during Trump Crash.
Reposted
how did Powell get away w doing nothing, watching bond markets intimidate Trump?
1. For Trump, Fed=interest rates. Derisking sovvies not on his radar.
2. Bessent really cares more about central bank independence.
2.1. Bessent power play, displace tariff hawks.
3. Powell pulled a smarter Bailey.
1. For Trump, Fed=interest rates. Derisking sovvies not on his radar.
2. Bessent really cares more about central bank independence.
2.1. Bessent power play, displace tariff hawks.
3. Powell pulled a smarter Bailey.
April 10, 2025 at 7:37 AM
how did Powell get away w doing nothing, watching bond markets intimidate Trump?
1. For Trump, Fed=interest rates. Derisking sovvies not on his radar.
2. Bessent really cares more about central bank independence.
2.1. Bessent power play, displace tariff hawks.
3. Powell pulled a smarter Bailey.
1. For Trump, Fed=interest rates. Derisking sovvies not on his radar.
2. Bessent really cares more about central bank independence.
2.1. Bessent power play, displace tariff hawks.
3. Powell pulled a smarter Bailey.
Reposted
re-reading Kalecki on nazism:
'The dislike of government spending policy as such is overcome under fascism by the fact that the state machinery is under the direct control of a partnership of big business with fascism.'
'The dislike of government spending policy as such is overcome under fascism by the fact that the state machinery is under the direct control of a partnership of big business with fascism.'
March 25, 2025 at 6:39 AM
re-reading Kalecki on nazism:
'The dislike of government spending policy as such is overcome under fascism by the fact that the state machinery is under the direct control of a partnership of big business with fascism.'
'The dislike of government spending policy as such is overcome under fascism by the fact that the state machinery is under the direct control of a partnership of big business with fascism.'
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The necessity for the myth of “sound finance,” which served to prevent the government from offsetting a confidence crisis by spending, is removed. In a democracy, one does not know what the next government will be like. Under fascism there is no next government.
March 25, 2025 at 6:39 AM
The necessity for the myth of “sound finance,” which served to prevent the government from offsetting a confidence crisis by spending, is removed. In a democracy, one does not know what the next government will be like. Under fascism there is no next government.
Reposted
The dislike of government spending, whether on public investment or consumption, is overcome by concentrating government expenditure on armaments.
“discipline in the factories” and “political stability” .. are maintained by “new order”..suppression of trade unions to concentration camp.
“discipline in the factories” and “political stability” .. are maintained by “new order”..suppression of trade unions to concentration camp.
March 25, 2025 at 6:41 AM
The dislike of government spending, whether on public investment or consumption, is overcome by concentrating government expenditure on armaments.
“discipline in the factories” and “political stability” .. are maintained by “new order”..suppression of trade unions to concentration camp.
“discipline in the factories” and “political stability” .. are maintained by “new order”..suppression of trade unions to concentration camp.
Reposted
NEW PIECE- with a version in @rollingstone.com . Can the Trump Administration arbitrarily Take money from Anyone's bank account? The Federal Government debiting 80.5 million dollars from New York City government's central bank account suggests yes.
www.crisesnotes.com/can-the-trum...
www.crisesnotes.com/can-the-trum...
Can the Trump Administration Arbitrarily Take Money from Anyone’s Bank Account? Federal Government’s Mugging of New York City for FEMA Funds Suggests Yes
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025. Today is Day Forty Two.
A version of this article is simultaneously appe...
www.crisesnotes.com
March 13, 2025 at 2:30 PM
NEW PIECE- with a version in @rollingstone.com . Can the Trump Administration arbitrarily Take money from Anyone's bank account? The Federal Government debiting 80.5 million dollars from New York City government's central bank account suggests yes.
www.crisesnotes.com/can-the-trum...
www.crisesnotes.com/can-the-trum...
Reposted
For once someone claiming to write the first paper to X has likely actually written the first paper to X!
🚨New Paper🚨 (hi law reviews!)
‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.
‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.
March 11, 2025 at 1:22 AM
For once someone claiming to write the first paper to X has likely actually written the first paper to X!
Reposted
Today @burnetinstitute.bsky.social launched a report on COVID's impact on mortality in Australia. Oz experienced a low toll in the first 2 years, but 30,000+ have died since - now plateauing at 7,000+ deaths/year. What does this mean & what can be done? Read on...
www.burnet.edu.au/knowledge-an...
www.burnet.edu.au/knowledge-an...
COVID-19 pandemic mortality data: report
As of 2024, 20 more Australians are dying each day as a result of COVID-19. To understand this ongoing problem better, experts at Burnet have developed a comprehensive analysis of deaths caused by the...
www.burnet.edu.au
March 11, 2025 at 6:16 AM
Today @burnetinstitute.bsky.social launched a report on COVID's impact on mortality in Australia. Oz experienced a low toll in the first 2 years, but 30,000+ have died since - now plateauing at 7,000+ deaths/year. What does this mean & what can be done? Read on...
www.burnet.edu.au/knowledge-an...
www.burnet.edu.au/knowledge-an...
Reposted
🚨New Paper🚨 (hi law reviews!)
‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.
‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.
March 11, 2025 at 12:42 AM
🚨New Paper🚨 (hi law reviews!)
‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.
‘Digitizing the Fisc’ is the first article to address the current separation of fiscal powers crisis, exemplified by Trump's takeover of the Treasury's payments IT systems, through a tri-dimensional legal, political economic, & technological lens.
Reposted
In case you missed it, I wrote my definitive piece on the Bitcoin Strategic Reserve proposal and how visiting Fort Knox is a convoluted way of getting that proposal over the line.
www.crisesnotes.com/a-scam-built...
www.crisesnotes.com/a-scam-built...
A Scam Built Atop an Accounting Gimmick Wrapped in Bullshit: Why Visiting Fort Knox Is Not About Selling Gold but is About Buying Bitcoin
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025. Today is Day Twenty Seven
Read Part 0, Part 1, Part 2, Part 3, Part 4, P...
www.crisesnotes.com
February 27, 2025 at 4:02 PM
In case you missed it, I wrote my definitive piece on the Bitcoin Strategic Reserve proposal and how visiting Fort Knox is a convoluted way of getting that proposal over the line.
www.crisesnotes.com/a-scam-built...
www.crisesnotes.com/a-scam-built...
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NEW PIECE. Late in the day but without any update on the weekend I wanted some kind of update out. Plus, I still have a backlog to catch up on. In this piece I cover Marko Elez's bounce out of, and back into, government as well as the AG Lawsuit which cites me. www.crisesnotes.com/day-eleven-o...
Day Eleven of the Trump-Musk Treasury Payments Crisis of 2025: Marko Elez’s Resignation, Return and Irrelevance
Notes on the Crises pivoted on February 1st into around the clock coverage of the Trump-Musk Treasury Payments Crisis of 2025
Read Part 0, Part 1, Part 2, Part 3, Part 4, Part 5 & Part 6
If you are ...
www.crisesnotes.com
February 11, 2025 at 1:07 AM
NEW PIECE. Late in the day but without any update on the weekend I wanted some kind of update out. Plus, I still have a backlog to catch up on. In this piece I cover Marko Elez's bounce out of, and back into, government as well as the AG Lawsuit which cites me. www.crisesnotes.com/day-eleven-o...
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Thinking about historical parallels. People talk about coups and autogolpes, the fascist seizure of power in the 1930s, and there are resemblances. But there are other models we could think about.
February 5, 2025 at 4:45 AM
Thinking about historical parallels. People talk about coups and autogolpes, the fascist seizure of power in the 1930s, and there are resemblances. But there are other models we could think about.
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Yes I feel like there are two types of COBOL programmers, those who think "knowing COBOL" is about the language, & those who think its about the intersecting set of contexts the programming language is in e.g. business logic. Hence why the vast majority of COBOL programmers have vociferously agreed
February 3, 2025 at 7:18 PM
Yes I feel like there are two types of COBOL programmers, those who think "knowing COBOL" is about the language, & those who think its about the intersecting set of contexts the programming language is in e.g. business logic. Hence why the vast majority of COBOL programmers have vociferously agreed
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Es que es muy gordo lo que está pasando.
I finished a draft of "Elon Musk Wants to Get Operational Control of the Treasury’s Payment System. This Could Not Possibly Be More Dangerous." Its currently 4288 words. It will get edited by my editor. I'm going to bed now. Out in roughly 24-26 hours.
www.crisesnotes.com#/portal/signup
www.crisesnotes.com#/portal/signup
February 2, 2025 at 9:03 PM
Es que es muy gordo lo que está pasando.
Reposted
I finished a draft of "Elon Musk Wants to Get Operational Control of the Treasury’s Payment System. This Could Not Possibly Be More Dangerous." Its currently 4288 words. It will get edited by my editor. I'm going to bed now. Out in roughly 24-26 hours.
www.crisesnotes.com#/portal/signup
www.crisesnotes.com#/portal/signup
February 2, 2025 at 9:15 AM
I finished a draft of "Elon Musk Wants to Get Operational Control of the Treasury’s Payment System. This Could Not Possibly Be More Dangerous." Its currently 4288 words. It will get edited by my editor. I'm going to bed now. Out in roughly 24-26 hours.
www.crisesnotes.com#/portal/signup
www.crisesnotes.com#/portal/signup
Reposted
Thursday's blog post (30/01) is now posted (13:57 EAST) - The Case of the Missing Report - Part 2 - billmitchell.org/blog/?p=62325 #mmt
The Case of the Missing Report – Part 2 – William Mitchell – Modern Monetary Theory
billmitchell.org
January 30, 2025 at 2:58 AM
Thursday's blog post (30/01) is now posted (13:57 EAST) - The Case of the Missing Report - Part 2 - billmitchell.org/blog/?p=62325 #mmt
Reposted
Monday's blog post (27/01) is now posted (16:10 EAST) - The Case of the Missing Report - Part 1 - billmitchell.org/blog/?p=62317 #mmt
The Case of the Missing Report – Part 1 – William Mitchell – Modern Monetary Theory
billmitchell.org
January 27, 2025 at 5:12 AM
Monday's blog post (27/01) is now posted (16:10 EAST) - The Case of the Missing Report - Part 1 - billmitchell.org/blog/?p=62317 #mmt
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Lots of things AI won't replace, but tedious coding for economic modelling it might just. This is R code I ran on an online free website generated by Deepseek in about a minute. The model is "Model LP" from the SFC Godley and Lavoie textbook.
cc/ @weisenthal.bsky.social
cc/ @weisenthal.bsky.social
January 25, 2025 at 8:00 PM
Lots of things AI won't replace, but tedious coding for economic modelling it might just. This is R code I ran on an online free website generated by Deepseek in about a minute. The model is "Model LP" from the SFC Godley and Lavoie textbook.
cc/ @weisenthal.bsky.social
cc/ @weisenthal.bsky.social
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workers' capital was the biggest neoliberal con of the century.
it created destructive macrofinancial dynamics, and consistently obstructed transformative politics
it created destructive macrofinancial dynamics, and consistently obstructed transformative politics
January 16, 2025 at 8:58 AM
workers' capital was the biggest neoliberal con of the century.
it created destructive macrofinancial dynamics, and consistently obstructed transformative politics
it created destructive macrofinancial dynamics, and consistently obstructed transformative politics
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Tuesday's blog post (17/12) is now posted (16:49 EAST) - The assessment that Greece has been an 'astonishing success' beggars belief - billmitchell.org/blog/?p=62262
The assessment that Greece has been an ‘astonishing success’ beggars belief – William Mitchell – Modern Monetary Theory
billmitchell.org
December 17, 2024 at 5:49 AM
Tuesday's blog post (17/12) is now posted (16:49 EAST) - The assessment that Greece has been an 'astonishing success' beggars belief - billmitchell.org/blog/?p=62262
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I see Texas as a pretty neat little test bed of the right-wing-climate-action claim that "just allow everything; let cheap clean power and Free Markets do the work"
So here's a short thread updating some of the graphics in this piece; bringing the data up to the middle of 2024.........
So here's a short thread updating some of the graphics in this piece; bringing the data up to the middle of 2024.........
Texas builds clean power – but it isn’t a climate champion
Texas is meant to be a deregulated, free-market clean power hero that proves killing government scores climate progress. So I checked the numbers.
ketanjoshi.co
December 8, 2024 at 7:56 PM
I see Texas as a pretty neat little test bed of the right-wing-climate-action claim that "just allow everything; let cheap clean power and Free Markets do the work"
So here's a short thread updating some of the graphics in this piece; bringing the data up to the middle of 2024.........
So here's a short thread updating some of the graphics in this piece; bringing the data up to the middle of 2024.........