Канал: Michael de Sousa Cruz

Friday, March 18, 2022 - Daily Treasury Statement

Friday, March 18, 2022 - Daily Treasury Statement

Thursday, March 17, 2022 - Daily Treasury Statement

Thursday, March 17, 2022 - Daily Treasury Statement

Wednesday, March 16, 2022 - Daily Treasury Statement

Wednesday, March 16, 2022 - Daily Treasury Statement

The Control Variable: Desired Holdings of Net Financial Asserts (1997)

The Control Variable: Desired Holdings of Net Financial Asserts (1997)

Holdings of Net Financial Asserts, H(nfa), Aggregate Demand, and Aggregate Supply (1997)

Holdings of Net Financial Asserts, H(nfa), Aggregate Demand, and Aggregate Supply (1997)

Involuntary Unemployment Exists Because the Federal Budget Deficit is Too Small (1997)

Involuntary Unemployment Exists Because the Federal Budget Deficit is Too Small (1997)

National Accounting Double Entry Bookkeeping System (1997)

National Accounting Double Entry Bookkeeping System (1997)

Involuntary Unemployment (1997)

Involuntary Unemployment (1997)

Unemployment (1997)

Unemployment (1997)

The Paradigm Constraint (1997)

The Paradigm Constraint (1997)

The Paradigm (1997)

The Paradigm (1997)

A Monopolist, Controlling an Absolute Necessity, Sets Price, One Way or Another (1997)

A Monopolist, Controlling an Absolute Necessity, Sets Price, One Way or Another (1997)

A Gold Standard (1997)

A Gold Standard (1997)

Government Constraint of Spending to Control Price Level Means Continuous Unemployment (1997)

Government Constraint of Spending to Control Price Level Means Continuous Unemployment (1997)

Tuesday, March 15, 2022 - Daily Treasury Statement

Tuesday, March 15, 2022 - Daily Treasury Statement

The Fed Must Accommodate to the Needs of the Banking System (1996)

The Fed Must Accommodate to the Needs of the Banking System (1996)

Monday, March 14, 2022 - Daily Treasury Statement

Monday, March 14, 2022 - Daily Treasury Statement

Conclusion (1996)

Conclusion (1996)

By Changing the Price that the Government Has Chosen to Pay, the Government Redefines Its Currency

By Changing the Price that the Government Has Chosen to Pay, the Government Redefines Its Currency

Inflation Has Come to Be Synonymous with CPI Measurement, which Mosler Challenges (1996)

Inflation Has Come to Be Synonymous with CPI Measurement, which Mosler Challenges (1996)

Consider Mosler’s "Full Employment, Zero Inflation Model" (1996)

Consider Mosler’s "Full Employment, Zero Inflation Model" (1996)

A Government Using Fiat Money Has Pricing Power that It May Not Understand (1996)

A Government Using Fiat Money Has Pricing Power that It May Not Understand (1996)

The Ramifications of the Restrictions on Deficit Spending in the European Monetary Union (1996)

The Ramifications of the Restrictions on Deficit Spending in the European Monetary Union (1996)

Lending by the Fed Reduces the Net Nominal Wealth of the Private Sector by the Amount of that Lendin

Lending by the Fed Reduces the Net Nominal Wealth of the Private Sector by the Amount of that Lendin

Exogenous Pricing is the General Case in a Fiat Monetary System (1996)

Exogenous Pricing is the General Case in a Fiat Monetary System (1996)

The Government Must Lend the Taxpaying Private Sector the Dollars it Needs to Pay Taxes (1996)

The Government Must Lend the Taxpaying Private Sector the Dollars it Needs to Pay Taxes (1996)

The Only Way the Private Sector Can Obtain Dollars is If the Government Provides Them by Spending

The Only Way the Private Sector Can Obtain Dollars is If the Government Provides Them by Spending

Extensions of Post Keynesian Monetary Thought: Exogenous Pricing (1996)

Extensions of Post Keynesian Monetary Thought: Exogenous Pricing (1996)

Friday, March 11, 2022 - Daily Treasury Statement

Friday, March 11, 2022 - Daily Treasury Statement

That Taxes Need to Be Paid Gives Value to the Money (1996)

That Taxes Need to Be Paid Gives Value to the Money (1996)

The Family Currency Model The Nature of Federal Debt in a Fiat Monetary System (1996)

The Family Currency Model The Nature of Federal Debt in a Fiat Monetary System (1996)

As the Monopoly Supplier, the Parent Cannot Collect More Tax Than Provided (1996)

As the Monopoly Supplier, the Parent Cannot Collect More Tax Than Provided (1996)

The Government Does Not Borrow to Fund Itself Taxation is Not a Funding Operation (1996)

The Government Does Not Borrow to Fund Itself Taxation is Not a Funding Operation (1996)

The Underlying Reason Why the Government’s Dollar is Accepted… It is Needed to Pay Tax Obligation

The Underlying Reason Why the Government’s Dollar is Accepted… It is Needed to Pay Tax Obligation

The “Family Currency Model” - The Parent Plays the Role of the Government (1996)

The “Family Currency Model” - The Parent Plays the Role of the Government (1996)

Relied Heavily on This Method of Taxation…Placing the Obligation to Pay Taxes in Money Form (1996)

Relied Heavily on This Method of Taxation…Placing the Obligation to Pay Taxes in Money Form (1996)

Imposing Taxes Payable Only in Their Own Currency (1996)

Imposing Taxes Payable Only in Their Own Currency (1996)

The Process of Monetization of African Colonies…Money Taxes Were Introduced on Numerous Items (1996)

The Process of Monetization of African Colonies…Money Taxes Were Introduced on Numerous Items (1996)

Fiat Money is a Tax Credit Not Backed By Any Tangible Asset (1996)

Fiat Money is a Tax Credit Not Backed By Any Tangible Asset (1996)

Extensions of Post Keynesian Monetary Thought - Fiat Money Revealed (1996)

Extensions of Post Keynesian Monetary Thought - Fiat Money Revealed (1996)

Friday, February 4, 2022 - Daily Treasury Statement

Friday, February 4, 2022 - Daily Treasury Statement

Monday, February 7, 2022 - Daily Treasury Statement

Monday, February 7, 2022 - Daily Treasury Statement

Tuesday, February 8, 2022 - Daily Treasury Statement

Tuesday, February 8, 2022 - Daily Treasury Statement

Total Federal Expense is Whatever the Federal Government Chooses it to Be (1996)

Total Federal Expense is Whatever the Federal Government Chooses it to Be (1996)

Sovereign Debt, an Opportunity to Earn a Positive Rate of Interest on Deposits (Excess Reserves)

Sovereign Debt, an Opportunity to Earn a Positive Rate of Interest on Deposits (Excess Reserves)

The Whole Imperative Behind Borrowing is Not to Fund Untaxed Spending, It is Interest Rate Support

The Whole Imperative Behind Borrowing is Not to Fund Untaxed Spending, It is Interest Rate Support

Government Spending, Taxation and Borrowing Play the Same Role as Open Market Operations (1996)

Government Spending, Taxation and Borrowing Play the Same Role as Open Market Operations (1996)

Mosler Provides an Analysis of the Process of Maintaining the Federal Funds Rate (1996)

Mosler Provides an Analysis of the Process of Maintaining the Federal Funds Rate (1996)

Extensions of Post Keynesian Monetary Thought: A New Understanding of Federal Debt (1996)

Extensions of Post Keynesian Monetary Thought: A New Understanding of Federal Debt (1996)

Thursday, March 10, 2022 - Daily Treasury Statement

Thursday, March 10, 2022 - Daily Treasury Statement

Mosler’s Analysis is Consistent with the Post Keynesian Discussion of Endogenous Money (1996)

Mosler’s Analysis is Consistent with the Post Keynesian Discussion of Endogenous Money (1996)

The Similarities Between Mosler’s Analysis and Lavoie’s Rejection of the Orthodox Definition (1996)

The Similarities Between Mosler’s Analysis and Lavoie’s Rejection of the Orthodox Definition (1996)

The Money Multiplier: Conventional Definition vs. Mosler’s View (1996)

The Money Multiplier: Conventional Definition vs. Mosler’s View (1996)

The Myth of the Money Multiplier (1996)

The Myth of the Money Multiplier (1996)

Wednesday, March 9, 2022 - Daily Treasury Statement

Wednesday, March 9, 2022 - Daily Treasury Statement

Tuesday, March 8, 2022 - Daily Treasury Statement

Tuesday, March 8, 2022 - Daily Treasury Statement

Impossible for the Private Banking System in the Aggregate to Liquidate Assets to Obtain Reserves

Impossible for the Private Banking System in the Aggregate to Liquidate Assets to Obtain Reserves

Lending is a Practical Reality of Economic Growth and the Demand for Loans is Very Inelastic (1996)

Lending is a Practical Reality of Economic Growth and the Demand for Loans is Very Inelastic (1996)

The Fed’s Obligation to Act as a Lender of Last Resort (1996)

The Fed’s Obligation to Act as a Lender of Last Resort (1996)

The Present Contemporaneous System Did Not Increase the Fed’s Ability to Control the Supply of Money

The Present Contemporaneous System Did Not Increase the Fed’s Ability to Control the Supply of Money

The Market for Reserves is Inelastic (1996)

The Market for Reserves is Inelastic (1996)

The Fed is Impotent with Respect to Direct Control of the Money Supply (1996)

The Fed is Impotent with Respect to Direct Control of the Money Supply (1996)

Monday, March 7, 2022 - Daily Treasury Statement

Monday, March 7, 2022 - Daily Treasury Statement

Monetary Authorities Refuse to Recognize the Fact for Political Reasons (1996)

Monetary Authorities Refuse to Recognize the Fact for Political Reasons (1996)

Overnight Interest Rate, Shortterm Rate of Interest (1996)

Overnight Interest Rate, Shortterm Rate of Interest (1996)

The Fed Has Ultimate Control Over the Interest Rate (1996)

The Fed Has Ultimate Control Over the Interest Rate (1996)

Monetary Policy Sets the Price of Money, Which Only Indirectly Determines the Quantity (1996)

Monetary Policy Sets the Price of Money, Which Only Indirectly Determines the Quantity (1996)

The Myth of the Fed's Ability to Control the Money Supply (1996)

The Myth of the Fed's Ability to Control the Money Supply (1996)

Mosler and the Post Keynesians (1996)

Mosler and the Post Keynesians (1996)

Points of Contact & Possible Extensions of Post Keynesian Monetary Thought (1996)

Points of Contact & Possible Extensions of Post Keynesian Monetary Thought (1996)

Mosler’s Work Deserves Serious Consideration for the Valuable Insights Into the Monetary System

Mosler’s Work Deserves Serious Consideration for the Valuable Insights Into the Monetary System

Introduction (1996)

Introduction (1996)

A Critical Review of Soft Currency Economics - Pavlina Tcherneva (1996)

A Critical Review of Soft Currency Economics - Pavlina Tcherneva (1996)

Friday, March 4, 2022 - Daily Treasury Statement

Friday, March 4, 2022 - Daily Treasury Statement

Human Behavior

Human Behavior

The Nervous System and its Role in Pro- and Anti-Social Behaviors (2017)

The Nervous System and its Role in Pro- and Anti-Social Behaviors (2017)

Thursday, March 3, 2022 - Daily Treasury Statement

Thursday, March 3, 2022 - Daily Treasury Statement

Wednesday, March 2, 2022 - Daily Treasury Statement

Wednesday, March 2, 2022 - Daily Treasury Statement

Tuesday, March 1, 2022 - Daily Treasury Statement

Tuesday, March 1, 2022 - Daily Treasury Statement

Monday, February 28, 2022 - Daily Treasury Statement

Monday, February 28, 2022 - Daily Treasury Statement

Friday, February 25, 2022 - Daily Treasury Statement

Friday, February 25, 2022 - Daily Treasury Statement

Thursday, February 24, 2022 - Daily Treasury Statement

Thursday, February 24, 2022 - Daily Treasury Statement

Wednesday, February 23, 2022 - Daily Treasury Statement

Wednesday, February 23, 2022 - Daily Treasury Statement

How Does the Monopolist Price His Product? (1997)

How Does the Monopolist Price His Product? (1997)

The Government Has the Same Pricing Options with its Money of Any Monopoly Supplier (1997)

The Government Has the Same Pricing Options with its Money of Any Monopoly Supplier (1997)

Exogenous Pricing: A Basic Case of Monopoly (1997)

Exogenous Pricing: A Basic Case of Monopoly (1997)

Tuesday, February 22, 2022 - Daily Treasury Statement

Tuesday, February 22, 2022 - Daily Treasury Statement

Friday, February 18, 2022 - Daily Treasury Statement

Friday, February 18, 2022 - Daily Treasury Statement

Wednesday, February 9, 2022 - Daily Treasury Statement

Wednesday, February 9, 2022 - Daily Treasury Statement

Thursday, February 10, 2022 - Daily Treasury Statement

Thursday, February 10, 2022 - Daily Treasury Statement

Friday, February 11, 2022 - Daily Treasury Statement

Friday, February 11, 2022 - Daily Treasury Statement

Monday, February 14, 2022 - Daily Treasury Statement

Monday, February 14, 2022 - Daily Treasury Statement

Tuesday, February 15, 2022 - Daily Treasury Statement

Tuesday, February 15, 2022 - Daily Treasury Statement

Wednesday, February 16, 2022 - Daily Treasury Statement

Wednesday, February 16, 2022 - Daily Treasury Statement

Know Who You Are

Know Who You Are

Without the Understanding…, Fears Can Surface and Block Fiscal Policy Options (1997)

Without the Understanding…, Fears Can Surface and Block Fiscal Policy Options (1997)

The Same Logic Applies to the Physical Printing of Money (1997)

The Same Logic Applies to the Physical Printing of Money (1997)

The Offering of Government Debt is to Maintain a Positive Overnight Interest Rate (1997)

The Offering of Government Debt is to Maintain a Positive Overnight Interest Rate (1997)

Treasury Securities Function Not to Fund Expenditures (1997)

Treasury Securities Function Not to Fund Expenditures (1997)

The Basis of the Concept of Endogenous Money (1997)

The Basis of the Concept of Endogenous Money (1997)

The Fed Can Only React to Imbalances by Offsetting Them (1997)

The Fed Can Only React to Imbalances by Offsetting Them (1997)

The Fed Being the Only Source of Net Reserves… (1997)

The Fed Being the Only Source of Net Reserves… (1997)

The Fed Requires Member Banks to Maintain Minimum Reserve Balances known as Required Reserves (1997)

The Fed Requires Member Banks to Maintain Minimum Reserve Balances known as Required Reserves (1997)

A System Wide Reserve Excess or Shortage Can Only be Offset by Transfers of Funds to & from the Fed

A System Wide Reserve Excess or Shortage Can Only be Offset by Transfers of Funds to & from the Fed

Now, Bank B is Willing to Pay Interest to Keep its Deposits… (1997)

Now, Bank B is Willing to Pay Interest to Keep its Deposits… (1997)

Figure 6 (1997)

Figure 6 (1997)

The Sale of Securities by Treasury & by the Fed (1997)

The Sale of Securities by Treasury & by the Fed (1997)

Open Market Operations & Operating Factors (1997)

Open Market Operations & Operating Factors (1997)

Excess Reserves…the Transfer of Funds to the Fed (1997)

Excess Reserves…the Transfer of Funds to the Fed (1997)

An Imbalance in the Commercial Banking System Known as a System Wide Reserve Excess (1997)

An Imbalance in the Commercial Banking System Known as a System Wide Reserve Excess (1997)

Thursday, February 17, 2022 - Daily Treasury Statement

Thursday, February 17, 2022 - Daily Treasury Statement

He Absolves “America” of its Sins…

He Absolves “America” of its Sins…

City Upon a Hill…Winthrop vs. Reagan

City Upon a Hill…Winthrop vs. Reagan

But If Our Hearts Shall Turn Away…Worship Other Gods, Our Pleasure and Profits…

But If Our Hearts Shall Turn Away…Worship Other Gods, Our Pleasure and Profits…

We Shall Be as a City Upon a Hill. The Eyes of All People are Upon Us…

We Shall Be as a City Upon a Hill. The Eyes of All People are Upon Us…

Adult Understanding of Freedom & Child Understanding of “Freedom”

Adult Understanding of Freedom & Child Understanding of “Freedom”

Freedom & Responsibility vs. Nihilism

Freedom & Responsibility vs. Nihilism

Figure 5 (1997)

Figure 5 (1997)

Government Spending…a Credit to a Commercial Bank’s Reserve Account at the Fed (1997)

Government Spending…a Credit to a Commercial Bank’s Reserve Account at the Fed (1997)

The Fed Will Book the Overdraft as a Loan and Charge an Appropriate Penalty (1997)

The Fed Will Book the Overdraft as a Loan and Charge an Appropriate Penalty (1997)

The Press Tends to Go with the Propaganda

The Press Tends to Go with the Propaganda

The Six Key Steps That Make Ideas and Products Contagious

The Six Key Steps That Make Ideas and Products Contagious

Spirituality & Religion

Spirituality & Religion

Fraudulent Elections (2003)

Fraudulent Elections (2003)

Rampant Cronyism and Corruption (2003)

Rampant Cronyism and Corruption (2003)

Obsession with Crime and Punishment (2003)

Obsession with Crime and Punishment (2003)

Disdain and Suppression of Intellectuals and the Arts (2003)

Disdain and Suppression of Intellectuals and the Arts (2003)

Power of Labor Suppressed or Eliminated (2003)

Power of Labor Suppressed or Eliminated (2003)

Power of Corporations Protected (2003)

Power of Corporations Protected (2003)

Religion and Ruling Elite Tied Together (2003)

Religion and Ruling Elite Tied Together (2003)

Obsession with National Security (2003)

Obsession with National Security (2003)

A Controlled Mass Media (2003)

A Controlled Mass Media (2003)

Rampant Sexism (2003)

Rampant Sexism (2003)

The Supremacy of the Military/Avid Militarism (2003)

The Supremacy of the Military/Avid Militarism (2003)

Identification of Enemies/Scape-goats as a Unifying Cause (2003)

Identification of Enemies/Scape-goats as a Unifying Cause (2003)

Disdain for the Importance of Human Rights (2003)

Disdain for the Importance of Human Rights (2003)

Powerful and Continuing Expressions of Nationalism (2003)

Powerful and Continuing Expressions of Nationalism (2003)

People Who Are 100% Certain of a Pseudoscience Belief

People Who Are 100% Certain of a Pseudoscience Belief

Let’s Examine What a Group With a Pseudoscience Belief Looks Like as a Whole

Let’s Examine What a Group With a Pseudoscience Belief Looks Like as a Whole

Perspectives and Questions Included in Research into a Pseudoscience Belief

Perspectives and Questions Included in Research into a Pseudoscience Belief

Personality Psychology vs. Social Psychology: Who Embraces Pseudoscience?

Personality Psychology vs. Social Psychology: Who Embraces Pseudoscience?

The Pyramid of Choice Can Help Us Understand Why Social Factors Influence Pseudoscience Belief

The Pyramid of Choice Can Help Us Understand Why Social Factors Influence Pseudoscience Belief

Figure 4 (1997)

Figure 4 (1997)

A System Wide Deficiency…Can Only be Alleviated by a Transfer of Funds from the Fed (1997)

A System Wide Deficiency…Can Only be Alleviated by a Transfer of Funds from the Fed (1997)

A Payment to the Treasury’s Account…An Overdraft at the Fed, Known as a Reserve Deficiency (1997)

A Payment to the Treasury’s Account…An Overdraft at the Fed, Known as a Reserve Deficiency (1997)

Pseudoscience, Personality vs. Social Psychology

Pseudoscience, Personality vs. Social Psychology

The Value of Skepticism

The Value of Skepticism

Respectful Skepticism

Respectful Skepticism

Remember to Be Intellectually Humble

Remember to Be Intellectually Humble

Susceptibility to Pseudoscience is an Everybody Problem

Susceptibility to Pseudoscience is an Everybody Problem

Pseudoscience - A Social Problem, Not a Personality Problem

Pseudoscience - A Social Problem, Not a Personality Problem

Irish Phrases

Irish Phrases

German Phrases

German Phrases

Languages

Languages

Special Pleading

Special Pleading

Slippery Slope

Slippery Slope

Figure 3 (1997)

Figure 3 (1997)

The Fed Debits the Reserve Account of Bank A and Credits the Treasury’s Account at the Fed (1997)

The Fed Debits the Reserve Account of Bank A and Credits the Treasury’s Account at the Fed (1997)

The Banking System in Aggregate is Still in Balance (1997)

The Banking System in Aggregate is Still in Balance (1997)

Figure 2 (1997)

Figure 2 (1997)

Figure 1 (1997)

Figure 1 (1997)

The Consolidated Ledger for the Entire Banking System is Always in Balance (1997)

The Consolidated Ledger for the Entire Banking System is Always in Balance (1997)

The Commercial Banking System & the Fed (1997)

The Commercial Banking System & the Fed (1997)

A Society in Which Ordinary People in Ordinary Circumstances Can Do Well

A Society in Which Ordinary People in Ordinary Circumstances Can Do Well

Gaslighting

Gaslighting

Conspiracism…Can You Resist Using It?

Conspiracism…Can You Resist Using It?

Conspiracy Without the “Theory”

Conspiracy Without the “Theory”

You Can’t Be Prepared If You’re Not Funded to Be Prepared

You Can’t Be Prepared If You’re Not Funded to Be Prepared

Democracy Requires Free Speech, and Yet That is its Weakness Because Free Speech Enables Demagogues

Democracy Requires Free Speech, and Yet That is its Weakness Because Free Speech Enables Demagogues

Romans 13, Democracy, Love Thy Neighbor

Romans 13, Democracy, Love Thy Neighbor

Merely a Conspiracy to Seize Power (1956)

Merely a Conspiracy to Seize Power (1956)

Nothing is More Important Than Our Children (1995)

Nothing is More Important Than Our Children (1995)

All Have to Be Involved…This is Life and Death (1995)

All Have to Be Involved…This is Life and Death (1995)

To Educate for Critical Intellects… (1995)

To Educate for Critical Intellects… (1995)

Fascism is Not New… (1995)

Fascism is Not New… (1995)

Fascism Changes Parenting into Panicking… (1995)

Fascism Changes Parenting into Panicking… (1995)

Fascism Changes Citizens into Consumers… (1995)

Fascism Changes Citizens into Consumers… (1995)

Fascism Changes Citizens into Taxpayers… (1995)

Fascism Changes Citizens into Taxpayers… (1995)

Fascism…is Just Marketing for Power (1995)

Fascism…is Just Marketing for Power (1995)

These Pepsi Cola, Coca Cola Labels… (1995)

These Pepsi Cola, Coca Cola Labels… (1995)

Maintain, at All Costs, Silence (1995)

Maintain, at All Costs, Silence (1995)

Criminalize the Enemy… (1995)

Criminalize the Enemy… (1995)

Pathologize the Enemy… (1995)

Pathologize the Enemy… (1995)

Attack and Subvert All Representatives or Sympathizers… (1995)

Attack and Subvert All Representatives or Sympathizers… (1995)

Reward Mindlessness and Apathy with Little Pleasures… (1995)

Reward Mindlessness and Apathy with Little Pleasures… (1995)

Sources and Distributors of Information Willing to Reinforce the Enemy’s Status as an Enemy… (1995)

Sources and Distributors of Information Willing to Reinforce the Enemy’s Status as an Enemy… (1995)

Overt and Coded Name Calling, Verbal Abuse… (1995)

Overt and Coded Name Calling, Verbal Abuse… (1995)

Construct an Interior Enemy… (1995)

Construct an Interior Enemy… (1995)

Before There Was a Final Solution, There Was a First One… (1995)

Before There Was a Final Solution, There Was a First One… (1995)

Howard University 128th Anniversary Convocation Address - Toni Morrison (March 3, 1995)

Howard University 128th Anniversary Convocation Address - Toni Morrison (March 3, 1995)

The Descent into a Final Solution (1995)

The Descent into a Final Solution (1995)

Retrospective Determinism

Retrospective Determinism

Reification

Reification

Referential Fallacy

Referential Fallacy

Freedom and Liberation are an Unending Task (1995)

Freedom and Liberation are an Unending Task (1995)

Ur-Fascism is Still Around Us, Sometimes in Plainclothes (1995)

Ur-Fascism is Still Around Us, Sometimes in Plainclothes (1995)

Newspeak (1995)

Newspeak (1995)

Be Against “Rotten” Parliamentary Governments (1995)

Be Against “Rotten” Parliamentary Governments (1995)

A TV or Internet Populism (1995)

A TV or Internet Populism (1995)

Selective Populism, a Qualitative Populism (1995)

Selective Populism, a Qualitative Populism (1995)