Readers, Amin seems to consistently address issues at a higher level of engagement than do most nominal progressives and liberals. His material seems to be fully coherent with the MMT/FF mode of de-financialization. Minsky for instance would find Amin's proposals as friendly to the goal of stabilizing an unstable economic model as dominated by the captured capacities of public governance. The crux seems to be in the innovation of new forms of autonomous economic initiatives building toward recapturing the conduct and management of the governance elements of the commons.

All, I will come back to this. There is a fundamental connection between Zabala's essay and the instrumentality of functional fiscal economics. The participation of Alfred Schutz in the development of Adolph Lowe's concept of instrumentality and similarity to Abba Lerner's function finance, ties in the discourse and methodologies of phenomenology and hermeneutics. Ask me if you want to know about this, thanks. Tadit Anderson

Hello readers, David Graeber was terminated by Yale may be eight years back, and seems to have continued on his anti-capitalist analysis. I apologize for the immediate posting of a second article by him. I admire the courage and steadfastness that had to be required for him to continue. His timing seems to be near perfect and well informed. for now, Tadit Anderson

Readers,please excuse me, and I have a lot writing to do relative to local projects right now, I do not have time to add commentaries right now. In time, I will be less obliged, I hope. Tadit Anderson

Introduction

Molière's 1670 his play, The Bourgeois Gentleman, presented before the court of Louis XIV, mocked a foolish, social-climbing merchant. In his effort to remake himself, the merchant takes lessons to help him pass as an aristocrat. In a basic lesson on language, he is both surprised and delighted to learn he had been speaking prose all his life without knowing it. Almost three and a half centuries later, much of the world finds itself speaking a different language -- economics -- also without full awareness.

By Michael Hudson, Distinguished Visiting Professor, UMKC

I have recently republished my lecture notes on the history of theories of Trade Development and Foreign Debt. (Available from Amazon) In this book, I provide the basis for refuting Samuelson's factor-price equalization theorem, IMF-World Bank austerity programs, and the purchasing-parity theory of exchange rates.

Reader: this a bit different sort of article, and it is the theory side of why the politicized agenda of Wall Street,the pop-economics of the gee whiz version of community currencies, and even the nominal monetary historians don't quite get it right. Milton Friedman though he received a Nobel Prize in Economics and is much beloved by the so-called "Free Marketers" was more of an ideologue than concerned with the real life affects of his untestable speculations.