My book "Money and Macroeconomics from First Principles for Elon Musk and Other Engineers" is now available on Kindle for $9.99: https://www.amazon.com/dp/B0FLWJ8LXY/ Nick Barbalich and I have produced a PDF version as well for Skool members, and it is attached to this message (the format will change later today when I meet with Oliver Williams, who has kindly offered to show me how to make the front cover image cover the whole front page). That said, PLEASE promote this book to your friends and colleagues, directly and on social media. I am working on a video and a Patreon/Substack post now (I just got the news that it was available fifteen minutes ago). Please share those too when they are up. The Kindle price is a mere $9.99.

Last Sunday I fell off my battery assisted mountain bike on a dirt country road. I fractured three ribs and the sternum, dislocated my left shoulder, broke my right thumb, lightly raptured the spleen and the left lung lobe. Luckily, my head was spared thanks to the bike helmet I was wearing. The lesson: never ride a two wheeler without wearing a helmet; it definitely saves lives. I was hospitalised in a public hospital for five days, which was finished three years ago. It’s an excellent hospital equipped with all the modern medical equipment and stuffed with top notch doctors, nurses, and ancillary personnel. My gratitude to all these incredible people who save our lives cannot be put into words. I left for last the financial aspect; it cost me absolutely nothing! This hospital is part of the country’s public health system. Considering that a poor country like Greece can operate rather adequately a public health system, notwithstanding its relative shortcomings and limitations, makes one wonder why other much more wealthier countries, especially these with monetary sovereignty, have to provide health services by private businesses hospitals at enormous costs. I used to admire and much praise Sweden’s public health system until my psychiatrist cousin who’s been working there told me that over the last couple of decades this isn’t true any more. Whenever she and her teenage daughter are in need of medical treatment, even for routine tests, they fly over to Greece to get well. I guess neoliberal policies are succeeding in destroying the social fabric of what once was the role model of the welfare state. Maybe Stephen the Swede can tell us more on this.

In this presentation Prof Shaikh (one of my teachers at The New School) talks about his Magnus opus “Capitalism” by presenting an example from microeconomics and another from macroeconomics. On micro, he derives a downward sloping demand curve without any reference to utility max consumer, rational choice, perfect knowledge and the rest of absurd neoclassical behavioural assumptions. On macro, Shaikh’s real economic analysis shows that it’s profit that drives employment and economic growth rather than neoclassical supply or Keynesian demand driven. It’s the profit driven capitalist economy that destroys capitalism itself and the climate as well. Large scale fiscal government interventions in boosting production and suppressing consumption and prices delivered high growth and employment during WWII and kept inflation at bay. However, similar fiscal deficit policies during the COVID years while saved economies from collapsing didn’t prevent prices from rising in the aftermath of the restrictions lifting, because the market wasn’t tamed as during the war years. https://youtu.be/dwKoFoSL9J4?si=PMUnmaU3YPbymoKY

Hey rebels. Sadly tech has not been our best friend lately, and we've had to change the masterclass meeting link week by week. But tides have turned. Just got off a quick call with Steve, and we confirmed this link should be permanent moving forward for ALL NEW, LIVE masterclasses & masterminds -- on Thursdays at 1pm EST (This will also be found in the 'Calendar' tab for all future meetings.) https://us06web.zoom.us/j/3366324240?pwd=YjdLaENqem9oRjZTRzgrV0dwQVBnQT09 Meeting ID: 336 632 4240 Passcode: tRavel