Fascinating slides by Guadalupe Moreno exploring visions of a classless society within the Global South and the complexities of the global divide.

@mpifg.bsky.social @anninak.bsky.social @shaahin-a.bsky.social @nathantankus.bsky.social @csissoko.bsky.social

"We find a statistically significant,
economically large and robust negative effect of deregulation on the labor share.
[...] job protection deregulation may
have contributed about 15 percent to the average labor share decline in advanced economies."

IMF research

NEW PIECE: I'm launching a new #MonetaryPolicy201 series going through the fundamentals, starting with at least 6 pieces going through how to think about the concept of "monetary finance". This first part is on the legal meaning of "open market"
www.crisesnotes.com/what-exactly...

This interesting report by CEPA which has just come out provides a detailed examination of the economic policies implemented during the first year of the Milei administration in Argentina, beyond the libertarian overhype on the internet. 🧵

New piece by James Galbraith has strong parallels with what @nathantankus.bsky.social wrote recently. www.thenation.com/article/econ...

For #MMT people interested in the UK, curious what you think of the new consultation paper from the BofE today, and their move from a supply to demand driven reserve framework.

www.bankofengland.co.uk/paper/2024/d...

In September 1931, having heard that the UK had repealed the gold standard, Von Mises predicted that:

"In one week, England will be in hyperinflation!"

Austrian Economics: 94 years of continuously incorrect hyperinflation prediction 🔥🔥🔥

One of the few things that neoclassical economists are good at is "gatekeeping."

They have methodological gatekeeping: our method, or your research is not scientific/economics.

Some feminist economists see this phenomenon from the lens of feminism

From Tejani, 2019