Last week, the Greek edition of my book “Die Abschaffung des Bargelds und die Folgen” (The Abolition of Cash and the Consequences) was published by Livanis. A book presentation took place at the Hilton Hotel in Athens, which is the operating basis of the Troika, the real government of Greece.
By Eric Bonse, Brussels.* The EU is moving further and further away from its ideals. Not only in Greece or Turkey, in Hungary or Poland – but also in France and Germany. The permanent state of emergency threatens.
When Prime minister Narendra Modi took the bulk of Indian cash out of circulation, he caused great hardship for many Indians, while a disruption-loving tech elite and political establishment asked for optimism and patience. In an earlier piece I have provided some indications for US involvement in that scheme. In this piece, I am adding some more, including earlier, evidence, summarize the evidence and ask if this evidence is reasonably compatible with the interpretation that the initiative was really Modi’s.
In early November, without warning, the Indian government declared the two largest denomination bills invalid, abolishing over 80 percent of circulating cash by value. Amidst all the commotion and outrage this caused, nobody seems to have taken note of the decisive role that Washington played in this. That is surprising, as Washington’s role has been disguised only very superficially.
On Monday the World Bank made it official that Paul Romer will be the new chief economist. This nomination can be seen as a big step back toward the infamous Washington Consensus, which World Bank and IMF seemed to have left behind. This is true, even though Paul Romer has learned quite well to hide the market fundamentalist and anti-democratic nature of his pet idea – charter cities – behind a veil of compassionate wording.
The Research Network Macroeconomics and Macroeconomic Policies (FMM) celebrates their 20th Anniversary Conference this year, and this year’s conference is from Oct 20-22 in Berlin. The title is: “Towards Pluralism in Macroeconomics?” Arbeitskreis Politische Ökonomie, in cooperation with the German chapter of the World Economics Association, want to celebrate this by proposing a panel about “Rethinking Europe”, concentrating on the dimension of macroeconomic policies and interdisciplinary approaches.
By John Komlos.* The media is inundated with pundits analyzing the unexpected rise of demagoguery. I would like to add my own: the establishment’s utter loss of credibility. It has been fooling most of the people for more than a generation and Abraham Lincoln’s warning, “you cannot fool all of the people all of the time” has now come back to haunt them with a vengeance.**