maugendre - Network

The foundations of the ‘artificial intelligence’ discipline have enabled the acceleration of war and the commoditization of paid work.I...

The foundations of the ‘artificial intelligence’ discipline have enabled the acceleration of war and the commoditization of paid work.

I explain the motivations and the engines in a long article: http://data.yt/kit/how-ai-is-made.html

#Capital is a social promise."For the business investor, capital has long been stripped of any physical characteristics. In the eyes of...

#Capital is a social promise.

"For the business investor, capital has long been stripped of any physical characteristics. In the eyes of modern owners … capital means one thing and one thing only: a pecuniary capitalization of earning capacity. It consists not of the owned factories, mines, aeroplanes, retail establishments or computer hardware and software, but of the present value of #profits expected to be earned by virtue of such #ownership."

https://blairfix.github.io/capital_as_power/accumulation-and-sabotage.html#the-absentee-ownership-of-power

#economics #capitalism

Cloud migration converts universities “from being a source of technical innovation and knowledge distribution to consumers of...

Cloud migration converts universities “from being a source of technical innovation and knowledge distribution to consumers of services”—a fundamental shift that undermines academic independence and transforms knowledge-producing institutions into service-consuming clients.

@C__CS writes on tensions between public interest and tech: https://www.techpolicy.press/clouds-over-public-infrastructure-rethinking-internet-governance-in-the-hyperscaler-era/ 🧵

#computing #EuroStack #BuyEuropean #nonUS #EuropeanAlternatives #sovereignty #sufficiency #sustainability #Cloud #AWS #decoupling

@economics @economics-that-works“An increasing number of Chinese industries are in acute rivalry with high-value American industries, and...

@economics @economics-that-works

“An increasing number of Chinese industries are in acute rivalry with high-value American industries, and China’s gains are our losses. The US cannot remain a military superpower without being an industrial superpower.”

Michael Roberts reviews the book: https://thenextrecession.wordpress.com/2025/05/13/geonomics-nationalism-and-trade/

#MAGA #industrialPolicy #macroEconomics #Trumpism #geonomics #geoEconomics #protectionism #tariffs #devaluation #economy #economics #nationalism #USA #China #Fasteau #Fletcher

Government "deficit spending" is the nation-state creating money (out of thin air) and exchanging it.The payroll tax (FICA) does...

Government "deficit spending" is the nation-state creating money (out of thin air) and exchanging it.

The payroll tax (FICA) does not fund Social Security or Medicare. Like all other federal agencies, those agencies are funded by dollars created on purpose by the government (using laws from Congress) and placed in their accounts by the Treasury.

#FederalDeficit #fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryTheory #quotes #deficit #CentralBank #CentralBanks #Treasury #MMT

“The government can always finance its spending by creating money.”~Hyman Minsky, economist#fiatMoney #deficitSpending #moneyIssuance...

“The government can always finance its spending by creating money.”
~Hyman Minsky, economist

#fiatMoney #deficitSpending #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #deficit #Fed #CentralBank #CentralBanks #Treasury #MMT

"The wealthier a household was in 1990, the quicker its wealth has accumulated in the years since. While the top 1% grew its share of...

"The wealthier a household was in 1990, the quicker its wealth has accumulated in the years since. While the top 1% grew its share of total household wealth, all other U.S. wealth groups have seen their shares decrease."

https://archive.is/20250430155240/https://www.wsj.com/economy/1-trillion-richest-families-wealth-increase-bc13874a h/t @John

#wealth #money #accumulation #redirection #appropriation #USPol #neoliberalism #RonaldReagan #taxes #assets #savings #estate #property #ownership #finance #economy #economics #inequalities #concentration #families #TaxTheRich #billionaires

Federal “debt” is the total of outstanding #Treasury #Securities.The US government could pay off all its so-called “debt” tomorrow...

Federal “debt” is the total of outstanding #Treasury #Securities.

The US government could pay off all its so-called “debt” tomorrow simply by debiting all Treasury-security accounts and crediting the Treasury-Security owners’ checking accounts.

The entire process neither adds nor subtracts money from the economy (but for interest paid).

#obligations #bonds #liquidity #borrowing #debt #money #Treasury #PublicTreasury #currency #MMT #policy #economy #credit #economics #macroEconomics #USPol

"Because the federal government has the unlimited ability to create dollars, it neither taxes or borrows in order to obtain dollars. It...

"Because the federal government has the unlimited ability to create dollars, it neither taxes or borrows in order to obtain dollars. It simply creates them ad hoc. Tax dollars are destroyed upon receipt.

"When you pay your taxes, you take dollars from your checking account. […]
When they reach the Treasury, they cease to be part of any money supply measure. They effectively are destroyed. To pay its bills, the federal government creates new dollars, ad hoc."

https://mythfighter.com/2025/03/02/a-summary-of-what-you-should-know-about-americas-economy/

#fiatMoney

“A sovereign government does not need to collect taxes or issue bonds to finance spending. It finances directly through money creation.”...

“A sovereign government does not need to collect taxes or issue bonds to finance spending. It finances directly through money creation.”

– Eric Tymoigne is an associate professor of economics at Lewis & Clark College, NY, who specializes in the fields of #money and #banking, monetary theory, and financial macroeconomics

@economics

#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #monetaryTheory #slogan #quotes #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT

“The exported goods are not paid for in gold, however, but are exchanged for a claim, which, even if it is paid for, remains a claim –...

“The exported goods are not paid for in gold, however, but are exchanged for a claim, which, even if it is paid for, remains a claim – the only difference being that it is no longer directed at a private entrepreneur, but at a bank. The buyer has exchanged the purchased goods for his bank claim in the case of direct payment.”

Joachim Nanninga, 2022 (in German) https://www.relevante-oekonomik.com/2022/03/02/der-stolperstein-der-zahlungsbilanz-kapitalexport-oder-kapitalimport-das-ist-hier-die-frage/

#currentAccount #imports #exports #credit #debt #money #MMT #tariffs #tradeDeficit #internationalTrade

Sovereign states invest or spend as much as they want by issuing they own money and credit.#fiatMoney #moneyIssuance #moneyCreation...

Sovereign states invest or spend as much as they want by issuing they own money and credit.

#fiatMoney #moneyIssuance #moneyCreation #monetaryCreation #money #slogan #debt #deficit #Fed #CentralBank #CentralBanks #Treasury #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #administration

Nobody ever reimburses national debt. Sovereign states restructure it.#bonds #liquidity #liquidities #securities #borrowing #debt #deficit...

Nobody ever reimburses national debt. Sovereign states restructure it.

#bonds #liquidity #liquidities #securities #borrowing #debt #deficit #money #Treasury #PublicTreasury #currency #MMT #policy #economy #credit #economics #obligations #titles #slogan #macroEconomics #rents #funding #politics

“The U.S. government is not like a household. It is the issuer of the currency. It doesn’t need to ‘get’ money from anyone...

“The U.S. government is not like a household. It is the issuer of the currency. It doesn’t need to ‘get’ money from anyone else—not from taxpayers, not from China.”

– Stephanie Kelton (economist, former US Senate Budget Committee Chief Economist)

#slogan #quotes #debt #deficit #money #Fed #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #USPol #USA #Treasury #Kelton #StephanieKelton

Is borrowing a burden on future generations?No, it's not: if the borrower is a nation-state, then no person (children or taxpayers) will...

Is borrowing a burden on future generations?
No, it's not: if the borrower is a nation-state, then no person (children or taxpayers) will be asked to repay.

“Paying off the debt” is just the sovereign swapping Treasury securities (savings) for cash. No burden is passed on to persons.

#debt #Treasury #slogan #deficit #money #liquidity #liquidities #currency #MMT #transactions #economy #credit #economics #administration #government #sovereignty

Sovereign states obtain funding by issuing they own money and credit.#slogan #quotes #debt #deficit #money #Fed #currency #MMT #power...

Sovereign states obtain funding by issuing they own money and credit.

#slogan #quotes #debt #deficit #money #Fed #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #administration

“As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e. unable to...

“As the sole manufacturer of dollars, whose debt is denominated in dollars, the U.S. government can never become insolvent, i.e. unable to pay its bills. In this sense, the government is not dependent on credit markets to remain operational.”

– St. Louis Fed, in their publication titled “Why Health Care Matters and the Current Debt Does Not”

#slogan #quotes #debt #deficit #money #Fed #currency #MMT #power #transactions #policy #government #politics #economy #credit #economics #publicHealth

During 1992–2020, the USA had low and stable #inflation.Despite massive federal deficit spending, the Fed met its 2% inflation target (or...

During 1992–2020, the USA had low and stable #inflation.

Despite massive federal deficit spending, the Fed met its 2% inflation target (or missed below it) for most of this era.

How come? There were no serious shortage of resources. (Thanks to: no cold war, globalization, bad working conditions, stable commodity supply, increase of greenhouse effect.)

#money #deficit #debt #interestRates #yields #price #pricing #prices #value #markup #economy #economics #economics101 #MMT #CPI #commodities

Who can massively spend without obtaining money?A currency supplier: any monetarily-sovereign administration.#slogan #slogans #quotes #debt...

Who can massively spend without obtaining money?

A currency supplier: any monetarily-sovereign administration.

#slogan #slogans #quotes #debt #deficit #sovereignty #money #centralBanks #currency #MMT #power #statehood #settlements #transactions #policy #government #politics #economy #policies #economics

@economics-that-works @economics 🧵"Because trading currencies to balance trade positions is so profitable, Wall Street has blocked...

@economics-that-works @economics 🧵

"Because trading currencies to balance trade positions is so profitable, Wall Street has blocked every attempt by the American or any other administration to do anything about currency speculation."

"Trump and the financial markets: It could be quite simple": https://www.flassbeck-economics.com/trump-and-the-financial-markets-it-could-be-quite-simple/

#Flassbeck #tradeDeficit #trading #Devaluation #tariffs #dollar #MMT #money #currency #Germany #US #USPol #economy #economics #Navarro #Trump #POTUS