if Meth isn't in your top ten revise and resubmit

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terrible news of Perry Mehrling passing. RIP to a wonderful scholar & teacher who demystified the global financial crisis that wrecked a generation. He has left an oeuvre with a powerful message: Money is a hierarchy of promises & payments, anchored by central bank money sites.bu.edu/perry/lectur...

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The dam broke so: I'm so shocked to find out that Perry Mehrling died. I had lots of disagreements with Perry but he was always very generous with me & was a big influence on my generation of heterodox monetary thinkers. No one did more to highlight the role of dealers in financial market governance

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Right so the war against social science. Yes it’s ideological. It’s also a termination letter from the state saying it no longer needs legitimation. that’s the public crisis — ask yourself why it doesn’t need legitimacy.

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"Studies have shown that in some jurisdictions where diversion programs exist, cases that might otherwise have been dismissed ... are instead funneled into [diversion]. As such, diversion can produce a 'net widening' effect, expanding the reach of the criminal legal system rather than reducing it."

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