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ilhandogus.bsky.social
post-Keynesian economist, liberal-lefty
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Akşam yayında: www.youtube.com/live/Hxy5zeO... / @ilhandogus.bsky.social

Adem Erkoçak ile bu programda Arjantin'de Milei'nin enflasyonu düşürdüğü iddiasındaki çelişkileri ve ekonomik krizleri konuştuk. www.youtube.com/watch?v=cJNM...

Post-Keynesian analysis has been confirmed again: The Fed cut rates before achieving the inflation target in order to raise banks' profits, which fell due to rising nonperforming loans. * US bank profits rose 2.3% to $66.8 billion in the 4th quarter of 2024:: www.reuters.com/business/fin...

Although inflation has been rising since October, the South Korean central bank has cut interest rates for the third time. Why? Because profits of banks are falling. Inflation targeting has nothing to do with inflation. asianbankingandfinance.net/news/south-k...

Poverty rates in Germany in 2023 after the structural reforms (Agenda 2010) introduced by the SPD and the Greens in 2005: 20.7% of children, 18.1% of the elderly, and 16.6% of the population are exposed to the risk of poverty. What they promised was the opposite. The result: AfD 20%.

The mainstream argument that lowering the corporate tax rate stimulates real investment does not hold in Germany, either. If the tax rate is high, firms have to invest more to reach their after-tax profit target, and if demand is weak, they invest their excess money in financial assets.

Jan van Aken, Spitzenkandidat- Die Linke: Es sollte kein Milliardäre geben. Kein Mensch ist so klug und so fleiß, dass er Milliarde verdient hätte. / Jan van Aken- top candidate, Die Linke: There should be no billionaires. No one is so clever and so hard-working to make billions.

Die gegenwärtige Krise ist genau durch Austeritätspolitik angetrieben. Ohne eine Nachfragestimulierung durch Lohnerhöhung und öffentlichen Ausgaben ist es nicht möglich, die Krise zu überwinden. Aber Dr. Fuest macht immer noch dieselben Vorschläge. Wie lässt sich die Hegemonie der Dummheit erklären?

Almanya ekonomisi neden Avrupa'dan daha fazla krizde? Sanayisizleşme fenomeni ne kadar gerçek ve kalıcı? Kemer sıkma politikaları ve ücretlerin baskılanması devam edecek mi? Harici kanalı'ndaki yayında yanıtladım: youtu.be/4UGZI0J3OPw?...

Azerbaycan'dan "Aristotel" Fəlsəfə Klübü'nün davetlisi olarak küreselleşme ve finansallaşma üzerine yaptığım sunum: youtu.be/pVqki81ZrsU?...

Başka Bir Ekonomi Fikri"nin bu haftaki konusu "Sendikalar ve TÜSİAD'ın çıkışı". www.youtube.com/watch?v=j-mG...

New Zealand’s central bank cut benchmark rates by 50 basis points to boost the economy: www.cnbc.com/2025/02/19/n... The economy cannot be boosted by interest rate cuts. The main motivation behind rate cuts is the falling bank profits due to the increase in nonperforming loans.

Mainstream theory: Firms finance their investments with funds accumulated in the stock markets. Since Milei and Simsek took office in 2023, the stock markets of Argentina and Turkey increased by 100%, yet both countries are in recession. Where are the investments financed by stocks?

How do we post-Keynesians define crisis? Failing to fulfill liabilities that have been exacerbated by overconfidence and euphoria.. www.democracynow.org/2025/2/18/he...

Mainstream: Public spending raises inflation by printing money. Stocks fund real investments, and so employment rises. Post-Keynesian: Printing money causes inflation in stock markets, not in goods markets. Inflation in stock markets reduces real investments and employment. Which one explains Japan?

Why has Maduro not been appreciated like Milei? Did also Venezuela reduce inflation from 345000% in February 2019 down to 24% by way of cutting public spending, like Argentina—as argued by mainstream scholars? No, it has been running a budget deficit. How did Venezuela manage to curb inflation?+

Mainstream: Inflation is wage- and demand-driven. Post-Keynesian: Real wage growth triggering productivity growth is disinflationary. Inflation is caused by excess profits that employ cost increases as an excuse. Which explains the 10-year experiences of the UK and Germany?

Although the innovation index ranking indicates that a strong middle class to demand innovative products is required so that firms dare to undertake the risk of innovation, mainstream scholars assume that innovation is the only source of growth. +

Türkiye'deki yolsuzluk ve savaş politikaları arasındaki ilişkiye dikkat çeken akademisyen İlhan Döğüş, "Savaş politikaları, eşitsizliği, yoksulluğu ve enflasyonu artıran tekelleşmeyi besler" dedi. mezopotamyaajansi41.com/GUNCEL/conte...

Bilal’e anlatır gibi tane tane anlatmış. Müthiş video. @ilhandogus.bsky.social / www.youtube.com/live/5RqP56j...

Mainstream economists: Bond yields increase when public debt rises. Can they explain why bond yields of France and the Netherlands are the same and move closely despite the fact that public debt in France has increased whereas the Netherlands has decreased over the last 10 years?

"Başka Bir Ekonomi Fikri" programının bu haftaki konusu "Eşitsizlik ve finansallaşma" idi: www.youtube.com/watch?v=5RqP...

Without price controls and effective public investment, nothing will maximize housing affordability. YIMBY is a scam.

Senior Scholar L. Randall Wray shows how private credit & state money co-evolved to shape today’s monetary system. No contradiction—just mutual reinforcement. Read the Working Paper now: www.levyinstitute.org/publications...

Mainstream scholars cannot explain why Germany had (higher) public debt between 2013 and 2019 despite a budget surplus, nor can they explain why its foreign debt has been increasing despite the trade surplus. (Can they explain anything? 😅) Let us explain it based on the post-Keynesian theory:👇🏾

Gerçekleşen enflasyonun altında artırılan asgari ücreti ve tutturulamayan enflasyon hedefine rağmen indirilen faizi Fikir Gazetesi için yazdım: fikirgazetesi.org/2025/02/10/a...

Dr. İlhan Döğüş (@ilhandogus) yazdı... Asgari ücret zammı, enflasyon ve faiz indirimi fikirgazetesi.org/20...

Mainstream: Governments borrow to finance budget deficits. The higher the debt, the higher the interest rates. Post-Keynesian: Governments borrow to drain the excess of reserve money caused by budget deficits and trade surpluses to set interest rates around the policy rate. Which one explains Japan?

Mainstream theory: Firms hire more workers and unemployment will decrease if wages are lowered. Post-Keynesian theory: Lowering wages reduces the demand for goods and hence for labor, increases unemployment. Let's see if unemployment fell the Greek government lowered the NOMINAL minimum wage in 2012

Two new papers empirically prove that post-Covid inflation was driven by excess-profits: in Germany: www.tandfonline.com/doi/full/10.... and in the USA: www.elgaronline.com/view/journal...

ECB vice-president Luis de Guindos on the natural rate of interest. www.ft.com/content/2e49...

According to a study, an increase of €1 per square meter of rent in the lower-income group increases sympathy for the AfD by 4%. What did the neoliberals say? The free market supports democracy. What did we heterodox say? Austerity underpins fascism and undermines democracy. x.com/ilhandogus/s...

Eine neue Studie zeigt, dass die AfD bei Geringverdienern um bis zu 4 Prozent beliebter wird, wenn die Miete um 1 Euro pro Quadratmeter steigt. Bisher punktet die AfD vor allem abseits der Großstädte. Doch der Mietenwahnsinn droht zum urbanen Einfallstor für die Rechten zu werden.

Mainstream theory: Inflation is caused by an increase in demand. Post-Keynesian theory: The increase in demand for storable industrial products is met by an increase in production that reduces unit costs. Which explains positive real growth rates and disinflationary growth periods?

Victories of Trump, rise of AfD, Le Pen etc. mark the transition from pseudo-liberal, pluralistic neoliberalism to fascist, homogeniser neoliberalism. Here the first evidence:

South Korea, which Daron Acemoğlu says has developed thanks to its inclusive democratic institutions and freedom of expression, has blocked access to DeepSeek.