blog image for we won the war, we lost the peace by Georgina Hughes AI generated image of business, banking, solidarity, and currency
The postwar settlement wasn't generosity from above; it was a concession wrested from capital that they've taken back. Piece by piece. Policy by policy.
This is how we got here.
georginahughes.substack.com/p/we-won-the...
#EcoSocialism #LabourHistory #Monetarism #BrettonWoods
The idea of "Vollgeld" as a remedy for financial crises is an illusion. The concept is based on #monetarism (which has failed) and thus on an equation with four variables (known as the #quantity theory of money). Welcome to the past.
#britain #uk #capitalism #imperialism #history #industrialpolicy #monetarism
My thoughts on Adam Curtis's new mini series - eps 1&2 (had to jot down a few ideas -before they get swallowed by the sensorial mediatic carrousel). 👇🏾
timespacewarps.wordpress.com/2025/07/02/2...
#Monetarism
#RachelReeves
In 1982, Thatcher abandoned Monetarism.
Why?
She finally understood that the Govt doesn't control the money supply
Monetary deregulation increases the money supply
Reducing public spending shrinks the economy & creates unemployment
'Banker' Reeves has learnt nothing...
A chart breaking down the ownership of US corporate bonds that shows the share owned by foreigners expanding fairly consistently since 1990 and recently in the 25% area.
“Foreigners own a quarter of #US #corporatebonds” adamtooze.substack.com/p/top-links-... (the stuff on #MargaretThatcher and #monetarism is interesting, too)
#euroarea is built on monetarism. But #monetarism is a #fiction that there is a #money #supply that is controlled by an independent & technocratic driven CB so that the desired #inflation rate is ultimately achieved. Yet, this is the #dream of #neutral money.
What do we think about the plausible rerouting of the Uncle Sams across the globe?
#history #historicalfiction #alternatehistory #counterfactualhistory #counterfactual #whatif #fiction #monetarypolicy #dollars #monetarism #usreserve #reservecurrency #weakdollar #strongdollar #imports #exports
When #inflation exploded in 2021/22, apologists of #monetarism cried wolf (cf. attached article by the @financialtimes.com's Martin Wolf - pun intended). Yet they fell victim (again) to the original fallacy of their creed - thread 🧵
www.ft.com/content/0cd1d666-8842-4c...
@elonmusk thinks he has a grip on #monetarism because the sums look simple. But the value of money is more complex than basic sums will allow. Thus, a dodgy government can kill a currency through lack of trust by consumers & markets. Thatcher caused a recession via monetarism.
