New Episode! 💰 Federal Reserve independence? Myth. Who wins when the Fed hikes rates? Not you. ΛЦƧƬΣЯIƬY IƧ MЦЯDΣЯ and OG Randy Wray give us a breakdown of the inner workings of this unruly creature of Congress & its detrimental effects on the working class. realprogressives.org/mnc-podcast-ep…

The key feature of the Job Guarantee is that it better promotes the transition from unemployment to private sector employment vs the current policy of unemployment compensation, and it also reduces most negative externalities. This makes it enthusiastically bipartisan, right? ;)

Neo-Liberalism, Trickle-down economics, Thatcherism or whatever you call it really has more in common with fundamentalist religion than anything else.

The grey lines are what the OBR predicted on productivity growth. The blue line is what happened. The OBR is a farce. A random number generator would be about as helpful.

Tories and Labour lie about tax (among other things). Taxes do not fund the currency issuing Westminster govt. When they say they can’t afford something or there’s a black hole in govt finances they are lying. 1/2

Unaccountable OBR risks being a “strait-jacket on growth”, warns TUC - as it calls for “modernisation” of the body tuc.org.uk/news/unaccount…

This is quite true. It is what could have been assuming that Scotland was able to cast off the neoliberal paradigm that hung over the UK at the time (and of course still does).

Westminster is holding back Scotland. Playing politics with the block grant, Westminster forces Holyrood to inflict public service cuts & tax rises, to which it applies block grant adjustments to erase 85% of the revenue raised. I dread a London party taking control of Holyrood

Saving does not lead to investment - it is the other way around. Taxation does not finance government spending - it is the other way around. Financial assets do not create financial liabilities - it is the other way around.

As I've said before - provide free, lifetime education to your citizens if you want a healthy, robust economy. And, might I add, citizens not so prone to conspiracy theories and dangerous nonsense.

Just uploaded! What David Graeber can teach us about narco gangs, your boss and airports youtube.com/watch?v=T39n1g…

It’s ludicrous, I know, but the vast majority of the ruling class, much of the media, most politicians… believe something about banking that is akin to believing that the Earth is the centre of the universe in astronomy.

IT'S FULL TIME AND WE'RE GOING TO THE WORLD CUP! #SCODEN

Football. Simply the greatest sport on earth.

Dr. Steve Keen I have a decidedly more cynical view. I don't believe it is ignorance. I believe this is how the capital order has kept labor in check forever. forever is a long time, but in Modern times... going back to the first world war anyways.

Jock says, "We did it!" 🏴󠁧󠁢󠁳󠁣󠁴󠁿💙✊️

One of the greatest nights in Scottish football. A game bookended with two of the most spectacular goals ever scored by Scotland players. Happy days!!! 🏴󠁧󠁢󠁳󠁣󠁴󠁿💙✊️ #SCODEN

Top-notch episode this week on the Federal Reserve, a puffed-up Wizard of Oz with feet of clay, summed up in one sentence: "the Fed is not independent, has never been independent, should never be independent of Congress."

A New Scot D.C.Murray Iain Macwhirter Modern Monetary Theory isn't a leftist conspiracy. It's today's economists making new discoveries, new arguments, new models: progress, just like all the economists throughout the centuries before: change. To question and challenge is literally life-changing. Try it...

D.C.Murray A New Scot Iain Macwhirter The truth is economists only keep this lie going to restrain (inherently corrupt) politicians from abusing the freedom to create endless money. Every project becomes a way to enrich themselves. Every disaster or crisis too. Those who are aware know it's happening already...