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Diaries

Kavanaugh - Ford duel at the Not Okay Corral

Did you ever sit down with a gallon of your favorite ice cream flavor and decided after a few mouthfuls that this wasn't the right time for such indulgence? This has been my experience in the past 10 days. Like a moth to a flame, my eyes were irresistibly glued to the biggest show in town (at least for the moment). If anyone here needs a hint, it is the debacle of He-said-She-said ostensibly played in the U.S. Senate Judiciary Committee to an audience of literally millions.

A CIA lucky break? How the death of the 'Smiling Pope' helped Washington win the Cold War

Talk about some CT! This is like something from a Robert Ludlum novel. (I used to read his books just to see how outrageous his plots could get although my favorite ‘spy’ novelist is and always has been John Le Carre.) But this isn’t the first time someone wrote about nefarious doings surrounding the death of JP I.

A CIA lucky break? How the death of the 'Smiling Pope' helped Washington win the Cold War

Anti-Capitalist Meet-Up - Why you should still care about Modern Monetary Theory

iu_1_[1] "The biggest capital power in London is of course the Bank of England, but its position as a semi-state institution makes it impossible for it to assert its domination in so brutal a fashion. Nonetheless, it too is sufficiently capable of looking after itself... Inasmuch as the Bank issues notes that are not backed by the metal reserve in its vaults, it creates tokens of value that are not only means of circulation, but also forms additional - even if fictitious - capital for it, to the nominal value of these fiduciary notes, and this extra capital yields it an extra profit." Marx, Karl. Capital, volume 3. Penguin. pp. 674–675.

Someone who had the time and wherewithal will probably have a first-hand report on this past weekend’s recent 2nd annual Modern Monetary Theory (MMT) conference in NYC.

Until that happens it seemed important to remind ourselves how important MMT is to progressive politics and how a radical political economy approach requires the continuing research work in this area, albeit largely academic. For a MMT primer go to this link.

It is one of the few contemporary movements that from a double-coding or even a dual coding perspective has the advantage of implying socialist solutions without ever having to mention socialism or Marx.

Socialism[1]

This is not a trivial matter, considering the ignorance of the US populace.

MMT is not necessarily a socialist stalking horse, but its adoption by folks like Bernie Sanders, provides one of many tools for how the current idiocy can be brought under control.

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