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Austin Credits with Jonathan Wilson (White Paper and Podcast Interview)

For this special episode of Superstructure,  cohosts Will Beaman (@agoingaccount) and Andrés Bernal (@andresintheory) are joined by Jonathan Wilson (@DeficitOwl24601) to discuss his new white paper, “Proposal for a Local Currency Issued by the City of Austin,” which proposes a complementary currency for the city of Austin called Austin Credits. Jonathan’s proposal contributes to a developing…

Monetary Austerity as Social Conflict

By David M. Fields Monetary austerity, like fiscal austerity, is a top-down offensive. A monetary assault on working people is being waged in the name of fighting inflation. In similar fashion to the demagoguery that surrounds government expenditure cuts that lead to significant losses in social provisioning, a political climate of inflation hysteria has engulfed the US…

On the political force of MMT

From a non-sovereign perspective By Andris ŠuvajevsA couple of days ago, the British economics commentator, Grace Blakeley, called people who advocate Modern Monetary Theory “naïve.” This was following a public radio appearance earlier that same day, in which she described tax breaks for the wealthy as taking money directly from those who claim public benefits.…

The Visual Cliff: Eleanor Gibson & the Origins of Affordance

By Erica Robles Anderson & Scott Ferguson Originally presented at Hidden Histories: Gender in Design, Design History Society Seminar, April 14, 2022. Part I: TED Talks and Teapots In a 2003 TED Talk titled “Three Ways Design Makes You Happy,” Donald Norman announced that “The new me is beauty.” Norman – a professor, design firm…

The Unfathomable Cruelty of Biden’s Latest Afghanistan Executive Order

By Mitch Green Originally published to Substack Biden has decided to steal raid $7 billion of Da Afghanistan Bank reserves currently frozen by US financial institutions. The motivation for this guileless heist is two fold: Set aside $3.5 billion for humanitarian aid in AfghanistanMake available $3.5 billion for claimants in ongoing 9/11 survivor’s lawsuits The grotesqueness of…

On ‘Thin Air’: Money, Metaphoricity & Metatheatre (Essay)

By Rob Hawkes Last year, I gave a talk on literature, money, and trust in George Gissing’s New Grub Street (1891) which the MotL Editorial Collective kindly shared as a podcast. Gissing’s novel tells the story of a group of writers struggling to survive in the harsh literary marketplace of the 1880s, one in which…

Response to People’s Policy Project on Alaska’s Oil Fund (Parody)

[This is a Guest Post from the Neoclassical Marxism Think Tank]I apologize for the lateness of this post. I would have finished it sooner, but since taking my kids out of school to learn directly from market experiences, I’ve had to figure out ways to get them to leave me alone. This is a response to the People’s…

Don’t Look Up MMT (Essay)

By Michael Brennan Adam McKay and David Sirota’s new film Don’t Look Up is an exercise in what Mark Fisher has called “capitalist realism,” literalizing the provocation that “it is easier to imagine the end of the world than the end of capitalism.” In the film, McKay and Sirota imagine the discovery of an approaching…

Automating Eden (Essay)

by Geoff Coventry [Note for readers: This article contains spoilers] Shawn Levy’s Free Guy is the latest cinematic attempt to manage social problems through self-conscious artificial intelligence (AI). In doing so, it tumbles right back into fanciful utopian imagery while wishing away the complexities of human care. As this virtual redemption story reaches its climax,…

Crowdfunding Christmas (Essay)

by Scott Ferguson It’s a Wonderful Life has long been a holiday classic. A 1946 Christmas fantasy by director Frank Capra, the film is a sentimental portrait of communal altruism in the face of economic crisis and existential despair. Every Christmas, millions of viewers ritually revisit the movie to reflect upon the season’s spirit of giving.…

Chaplin’s Modern Times: Pretty Pro-Communist (Essay)

How awful the thought of oneness… One merging into all and all merging into one. Just think of merging into Herbert Hoover. -Charlie Chaplin In 1952, facing harassment from J. Edgar Hoover’s FBI, Charlie Chaplin left the United States and moved to Switzerland. Chaplin shared personal tragedy with thousands of suspected communists across American society,…

Modern Monetary Theory and The Trans Agenda (Essay)

By Nia Cola To be trans today is to be treated as a political agent at all times, but afforded no  substantive political agency. Everything you do is scrutinized, as your right to exist remains under constant review. In response, trans liberation means actualizing authentic ways of being, without waiting for the sovereign judgment of…

The Mark of Fascism: Lebensraum for the Left (Essay)

By Maxximilian Seijo & Scott Ferguson A thought that stands outside subjectivity, setting its limits as though from without, articulating its end, making its dispersion shine forth, taking in only its invincible absence; and that, at the same time, stands at the threshold of all positivity, not in order to grasp its foundation or justification…

Decolonizing Money Through Deana Lawson’s “Portal” (Essay)

by Scott Ferguson We owe others our language, our history, our art, our survival, our neighborhood, our relationships, … our ability to defy social conventions as well as support these conventions. All of this we learn from others. None of us is alone; each of us is dependent on others. -Toni Morrison The challenge was…

Neoliberalism’s Colonial Origins (Essay)

By Ndongo Samba Sylla For those who have studied the history of colonial Africa through its fiscal and monetary dimensions, the similarities between colonial macroeconomics and neoliberal macroeconomics are striking. One might be tempted to see the neoliberal era as an avatar of colonialism. Actually, the main principles underlying the fiscal and monetary paradigm of…

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