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A Gazan man breaks down, begging the world, the Arab states, and President Abbas: “Save us from them… These filthy people (Hamas) have handed us over for slaughter.” I pray he doesn’t share the fate of Ziad Abu Hayyah—gunned down in front of his kids after pleading for

A long long time ago, in a far away galaxy... the US used to tax the rich

#ICYMI: #Qatari Media Figures Praise Washington D.C. Terror Attack On #Jewish Event For Young Professionals That Killed Two #IsraeliEmbassy Employees – Audio of report here ow.ly/ObE350VXkYg #MEMRI

"The discovery that the rate of interest is not dictated by economic necessity, but is more or less arbitrarily fixed by the authorities creates an entirely new situation. The rate of interest now becomes a political question". Joan Robinson (1943)

Yes, inflation is supply-driven but deflation is demand-driven: The private sector in China were overindebted and trying to sell its illiquid assets (inventories, houses etc) by price cuts to pay its debt off, yet people don't buy because of expectations for further price cuts..

What mainstream confuses: 1- Pricing is not a long-term decision; investment is a long-term decision due to the lifespan of capital goods. 2- Pricing is cost-driven, and investment is demand-driven, as the volume of sales is not clear. 3-Expectations drive investments, not prices

עשירון העליון מרוויח בממוצע פי 2 מהעשירון התשיעי אבל משלם במקרים רבים אותו אחוז מס כי המדרגת מס של 35 אחוז היא עצומה (מ21 אלף עד 46 אלף). לא תקין בעיני. צריך עוד מדרגות מס!

שימוש בפיקוח על מחירי אנרגיה כמנוף לחץ גיאו-פוליטי, מעניין. חוצמזה, חבילת הסנקציות ה-**18**. נשמע שזה עובד טוב...

Happy birthday Michał Kalecki , born on this day in 1899

That woman in your poster? Your “hero”? She says women like you and me deserve to be raped, because we don’t cover our hair or hide our bodies “properly.” On Iran’s state TV, She said #MahsaAmini deserved to die, because she broke the law by showing her hair. Remember? But

1/8 Trade deficits: Buffett warns they bleed national wealth. Mosler claims they boost real prosperity. Who’s right? My analysis settles this economic cage fight.

Many ill & well-intentioned "progressives," "liberals," & "leftists" in the West are now regularly siding with terrorists, Islamists, oppressors & cultists. Self-loathing, guilt, shame, neo-orientalism & unrecognized privilege cause millions to support Hamas & the Iranian regime.

"It is absurd to assume that, for any long period of time, the variables in the economic organization, or any part of them, will stay put in perfect equilibrium, as to assume that the Atlantic Ocean can ever be without a wave." -Irving Fisher

1/4 Caixin: "China is in dire need of more domestic consumption as global uncertainties hamper external demand. Key to this is increasing incomes, a Chinese economics professor said at the Summer Davos Forum in Tianjin on Thursday." caixinglobal.com/2025-06-26/inc…

''It should first be stated that a joint-stock company is not a 'brotherhood of shareholders' but is managed by a controlling group of big shareholders while the rest of the shareholders do not differ from holders of bonds with a flexible rate of interest.'' -Michał Kalecki

A great thread revealing the underlying distributional conflict *within* the creditor economy.

July 4th, 2025

Brilliant research

Well see what I got today ????? We worked so hard with all the authors to produce a great book. Thank you Elgar Publishing and Elgar Economics for your support You can order it here for yourself or assign it to your students in the Fall or winter. e-elgar.com/shop/gbp/inter…

"Free trade is extremely destructive to economies that are relatively unsuccessful. Instead of making them more prosperous and better-off, it destroys them." -Wynne Godley