Mark Russell

Mark Russell

@mark-russell.bsky.social

Retired school master, post-Keynesian economist, cricket coach.

65 Followers 81 Following 78 Posts Joined Nov 2024
1 month ago

@jonsopel1.bsky.social time for a beer while in Melbourne?

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1 month ago

@jonsopel1.bsky.social Jon, time for a beer while in Melbourne?

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2 months ago

Modern monetary theory has a solution. But if an investment is sound then borrowing costs are covered by the return, so just borrow, it will pay for itself.

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2 months ago

It’s hard to say it, but the problem is caused by anti-Israeli sentiment, and this, inevitably, can be portrayed as anti-semitism. Yet it must be possible to say the Israeli government have behaved in a totally unacceptable way and not be anti-semetic. But let’s not confuse the two.

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3 months ago

Ah, he means like Europeans went to the Americas, Africa and Asia and forced Christianity on them.

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4 months ago

Usual bullshit of the totally discredited ‘natural rate’ idea.Just another profit friendly neo-liberal charade.

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4 months ago

It shows a fundamental misunderstanding of Public Finance. Something that is rarely taught in Universities today, but was common in the 60s and 70s.

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6 months ago

My point was, not necessarily. Checks and balances require clear la s/constitutions. In both my examples checks and balances failed, one catastrophically.

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7 months ago

Bit simplistic, it’s not as easy a fix as you imply. Look at Weimar Germany or Belgium, not all PR systems work either.

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7 months ago

Shocking economic mismanagement on his watch, and he still boasts about it. We still have not repaired the damage.

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7 months ago

I trust your birthday celebrations will make you feel more secure. Happy birthday

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7 months ago

Why would we want more vitriolic and overpaid politicians?

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7 months ago

The usual rubbish about crowding out and crowding in. No empirical evidence to support these ideas, despite over 50 years of peddling these ideas.

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8 months ago
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“So we said to him that we will meet his targets. But by a date that will be after he’s dead. And yes, he bought it”

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8 months ago
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As we struggle against the far right “small government” agenda and rising inequality it is worth considering the relationship between bigger government and happiness.

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8 months ago

What? Next you will want the tree at Canterbury removed.

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8 months ago

JSMill!!!!!

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9 months ago

They use the repo rate. And they don’t need to do anything to target it other than set it. This reads like Australia’s procedure (although it’s a fiction that they actually manage the overnight rate).

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9 months ago

It’s the SA

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10 months ago

I asked this question elsewhere a couple of weeks ago. “Will Trump and Musk prove Marx right?” It does seem that the increasing share of income going to profits, the driving up of the unemployed and the attempt to revert to ‘raw capitalism’ will create the conditions necessary. Thoughts?

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11 months ago
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In a nutshell. The complexities of the impact of these tariffs are so great it’s not possible to predict the exact outcome. We just know it will be very bad.

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11 months ago

Actually that’s always been his business model. Offers a great product, sells you poor quality. His real estate is exactly like that, so was his ‘Trump University’

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1 year ago

General Theory page reference please.

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1 year ago

I doubt the Post will keep many followers with their new inability to interpret the new world order. (Hint. There are fascists in power in more than just Russia now.)

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1 year ago

I think it’s hard to do party politics when the parties switch positions as they have, it’s important to keep to the principles you believe in, not move because a party has.

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1 year ago

Although not at all to do with the result, how appropriate that City and Argyle play just after Tony Books passing. The legend played for them both. Maybe Bath City make it next year.

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1 year ago

There is a great deal of well documented material that n the toxicity of AZT. It was a drug rushed into use without proper trials (the ones conducted were compromised and finished early). To the extent it worked, It suppressed symptoms until later stages. They were desperate times.

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1 year ago

Behavioral economics adds little to our understanding because most of its insights were already obvious to anyone who understood the theory as a simplification. However, they repeat the error that they accuse economic theory of as they base their attack on individual motivations.

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1 year ago

Not attend

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1 year ago

Important to try though.

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