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Yves here. Michael Hudson gives a very long sweep of history and his own work in this webinar on Positiva Pengar on how the various debt and monetary regimes from 2400 BC onward have influenced economic development and the distribution of wealth and power. Even though this is a lengthy talk (the Q&A section will be posted tomorrow), it’s less formal than Hudson’s papers and so lends itself to being consumed in more bites. This format also allows Hudson to discuss related issues like the corruption of economics and macroeconomic data, and the dustup between Paul Krugman and Steve Keen.

A A As 2020 draws to a close one is reminded of the verse by Persian poet Masud Saad Salman hoping that the new year would not resemble the old one. Masud, of course, was expressing that hope from the Nay Fortress where, having fallen from the grace in the court of a local despot, he had been imprisoned for a year, and was to remain there for the rest of his life. He lamented the fact that Saturday was like Friday and April like March and his share of sunshine reduced to a sickly ray from a hole in the roof of his cell. In other words, he wasn’t doing any better than many us did i...

This press release was orginally distributed by SBWire Riga City, Latvia -- (SBWIRE) -- 12/31/2020 -- Working on open-source principles, Freedom Reserve (FR) is built by a group of anonymous cryptocurrency enthusiasts. The stated purpose of this cryptocurrency is to replace government-issued fiat currency. Freedom Reserve is a decentralized and easy to use Ethereum powered currency that is looking to improve and bring reforms in the world's economic system. The project goals of Freedom Reserve include replacing debased fiat currency, and creating a platform shielded from the effects of infla...