Changes to RBA Act will further entrench the depoliticisation of economic policy and reduce democratic accountability
Today, I consider the latest development in the entrenchment of neoliberalism in the Australian policy…
I am going to use the Wednesday blog post for the time being as the place I publish our weekly MMTed Q&A series. There will also be some music for those who like to find some different music. I have just published – MMTed Q&A Episode 3 – on the MMTed YouTube channel (see overleaf). We covered some interesting questions and I hope you find it interesting. This episode is considerably shorter than the first two as we experiment with formats and improve the editing process.
This is Episode 3 in the MMTed Q&A series.
It features Dr Dirk Ehnts from Samuel Pufendorf Society for Political Economy, which is based in Berlin.
He last book (2017) was – Modern Monetary Theory and European Macroeconomics – published by Routledge.
The two questions we discuss in this episode are:
1. “Could we have more details on MMT analysis of the process of destruction of/exit from fiat monetary unions like the Eurozone? (this was posed by Andrea)
2. “What would be the best option for the Eurozone to finance the appropriate and necessary extra spending by Member States in the current crisis? (this was posed by Julius).
The video goes for 22:05 minutes. We are working towards making the segment shorter.
This is the – YouTube link – for the video.
1. This series is an experiment – searching for a format that satisfies the myriad of requests I get from blog readers to deliver a regular Q&A via video.
I am not yet convinced that this is the best way to do it. And I will be varying the format next week somewhat (shorter more modular approach) to see whether that works better.
2. I am also not happy with the use of Zoom in this context.
The quality of the final audio and video is heavily dependent on too many influences that are well beyond my control.
At our end, we have high speed Internet but the Zoom interaction also depends on the quality of connection, types of computers etc used by my guests, and, the state of the Internet in between.
Combined, we are finding it difficult to get the quality audio and video that we desire.
I am not sure of what the solution is, if we want to continue having interesting guests appear, especially now that we are unable to travel and meet face-to-face.
So we are exploring options in this regard – perhaps we could get guests provide the video answers themselves without using Zoom.
That cuts down interaction but might work better.
3. We are also constrained in staffing capacity which means we do not have a dedicated audio-visual capacity yet.
So, overall, we are experimenting and may drop the whole project.
We will see.
Call for MMTed Support
We are working towards beginning course delivery in September.
But we still need significant sponsors for this venture to ensure that we can run the educational program with negligible fees and to ensure it is sustainable over time.
If you are able to help on an ongoing basis that would be great. But we will also appreciate of once-off and small donations as your circumstances permit.
You can contribute in one of two ways:
1. Via PayPal – which is our preferred vehicle for receiving donations.
The PayPal donation button is available via the MMTed Home Page or via the – Donation button – on the right-hand menu of this page (below the calendar).
2. Direct to MMTed’s Bank Account.
Please write to me to request account details.
Please help if you can.
I dug this out this morning because I was thinking about 1950s Fender telecasters, for no other reason than I sometimes think about them. I have never owned one, having been a stratocaster player (mostly), and have rarely played one.
But the sound that Mike Bloomfield – extracted from his guitar when he was hot was hot. And influential.
Mike Bloomfield was the guitar player in the Butterfield Blues Band along with – Elvin Bishop.
Paul Butterfield – was the front man and harmonica legend. He died young – too many drugs.
But it was a mighty band with mighty players. Only Elvin Bishop, Jerome Arnold (bass) and Mark Natfalin (piano) survive today.
Their 1966 album – East-West – came out when I was just starting to be aware of things (early high school).
This track East-West reflected the influence that Miles Davis brought to the band through the release of the 1959 album – Kind of Blue – which introduced modal scales to jazz.
Reports say that when they did this sort of jazz-blues fusion number live they could jam for up to an hour. I wanted to jam for hours too. It was the era!
The other great song from the Album is Never Say No, where Paul Butterfield’s voice comes to the fore.
That is enough for today!
(c) Copyright 2020 William Mitchell. All Rights Reserved.