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Jehu’s Substack

Jehu

My personal Substack

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Substack
PricingOnly free issuesPublishesTwice weekly
Issues31Founded3 years agoLast Issue6 days ago
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Latest Issues

The Opposite of MMT Is Not Austerity—It’s Free Disposable Time

The debate over Modern Monetary Theory has settled into a stale binary. On one side, MMT advocates argue that the state can spend infinitely, constrained only by inflation. On the other, austerity advocates insist that deficit spending must...

6 days ago
3

Chris Arthur, Michael Heinrich, and the Value‑Form School’s Normalization of Capitalism’s Breakdown`

In 1971, Nixon shut the gold window. By 1973, Bretton Woods was dead, and with it, the last of world’s commodity monies disappeared. Capitalism moved to a regime of floating exchange rates and a pure state-issued fiat dollar standard. Money...

8 days ago
5
1

AI’s “Dark Output” Is Real—And It’s Capitalism’s Problem

The economists at SemiAnalysis have a name for what’s happening: “dark output.” It’s the avalanche of useful work AI is already doing—drafting legal briefs, writing code, summarizing research, generating personalized content—that’s invisibl...

17 days ago
11
7

Inflation Is Superfluous Labor: What Postone’s Theory Reveals About 90 Years of Capitalism

Inflation is not a mystery.

It is not caused by greedy CEOs, supply chain glitches, or central banks “printing too much money.” Inflation is the monetary expression of a deeper contradiction: capitalism’s growing mass of superfluous labor...

19 days ago
12
4

Vivek Chibber Demands Immediate Communization of Society

After listening to a recent Chibber interview, it occurred to me that this guy was following a pattern that could by applied to any argument. I decided to have Perplexity AI apply it to an argument for the opposite of his usual aim: the com...

22 days ago
3
2

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