Your risotto is made of methane.
Rice is grown by flooding a field, and the flooding is not incidental, it is the entire method. Standing water keeps oxygen out of the soil. With no oxygen, a particular set of microbes takes over the mud and starts breaking down organic matter without it, and the waste product of that process is methane, which bubbles up through the water and out through the plant's own stem.
Those microbes are archaea. They are the same organisms, doing the same chemistry, as the ones in the cow's rumen.
There is no difference in the gas. There is no difference in the mechanism. A paddy field is a rumen with the lid off, and it works because a farmer deliberately drowned the ground to make it happen.
Rice is somewhere around 8 to 12 per cent of all human methane emissions, depending on whose inventory you read. It is the third biggest agricultural source after cattle, and it is bigger than the entire global sheep and goat population put together.
Nobody has ever been asked to give up rice on a Monday. There is no Rice Free January. No documentary. No supermarket pledge. No fourteen-year-old at the dinner table explaining to her grandfather that his paella is killing the planet.
Because rice is a plant, and plants have been granted permanent moral clearance, and the archaea did not get the memo.
Everything politicians learned in Economics 101 is backwards. And it cost us 40% of our potential prosperity.
I'm Professor Steve Keen, and I've spent four decades studying monetary economics. The data is clear: the economic policies that began with Reagan and Thatcher failed spectacularly.
Before their reforms, per capita economic growth averaged 2.5% in the US and 2.4% in the UK. After? It fell to 1.7% and 1.75% respectively.
That might sound like a small difference, but compound it over 40 years. Our per capita income is now 40% lower than it would have been if we'd maintained pre-neoliberal growth rates.
What went wrong? Bad economic theory led to bad economic policy.
Textbooks teach that banks are intermediaries who lend out deposits. In 2014, the Bank of England published a paper confirming what heretics like me have argued for decades: this is completely false.
Banks don't lend out deposits. Bank lending creates deposits. When you understand this, everything changes.
Textbooks also teach that government deficits crowd out private investment by reducing the money supply. Again, this is backwards.
Government deficits create money for the private sector. Without government deficits, the only way the private sector can be in positive financial equity is by taking on massive private debt. And private debt, not government debt, causes economic crashes.
Look at the data from every major financial crisis. Private debt spikes precede crashes. Government deficits follow crashes and reduce their severity.
I've developed economic models using double-entry bookkeeping instead of supply-demand diagrams. The models that use proper accounting show deficits stabilizing the economy at sustainable debt-to-GDP ratios. The textbook models predict impossible catastrophes that never materialize.
China understood this. While Western nations followed neoclassical economists and imposed austerity, China used strategic deficits for infrastructure and public investment. Their result: 8.5% per capita growth annually for 30 years. Ours: 1.5%.
If current trends continue, by 2070 the average American or Brit will be twice as wealthy as today. The average Chinese person will be 60 times wealthier.
This isn't about socialism versus capitalism. It's about getting the accounting right. The government must be in negative financial equity for banks, households, and firms to all be in positive financial equity simultaneously. That's just mathematics.
We need to throw out the delusional economic theories that gave us decades of stagnation and replace them with realistic approaches that understand how money actually works.
P.S. If you are a visual learner, watch the complete explanation with model demonstrations in the comments.
#Economics #FiscalPolicy #ModernEconomics #GovernmentDebt #EconomicGrowth #MonetaryTheory #FinancialCrisis
I was waiting for the perfect sunset picture but the tree got in the way.
Funny how things still work out.
When have you experienced something like that in your own life?
h/t @TheFigen_
For three years Australia has proudly supported the brave people of Ukraine in their struggle to defend their sovereignty against the brutality of Russian aggression and in support of international law.
Australia stands with Ukraine. 🇦🇺🇺🇦
It was an honour to welcome @ZelenskyyUa to Downing Street and reiterate my unwavering support for Ukraine.
I am determined to find a path that ends Russia's illegal war and ensures a just and lasting peace that secures Ukraine’s future sovereignty and security.
Slava Ukraini.
The 3 Types of People When Facing Health Problems
After years of working with patients, I’ve noticed they tend to fall into three categories when it comes to making changes:
1️⃣ The Action-Takers – You tell them what to do, they do it, and they heal. No drama, no resistance. They disappear and later resurface with a simple “Thanks, I feel amazing.” These are the rare ones, and honestly, they make you wonder why the rest of the world struggles so much.
2️⃣ The Guided Transformers – They need help, coaching, and reassurance. They ask questions, stumble, but keep going. Progress is slower, but it’s real. Over time, they turn their health around because they commit to the process. These are the people who benefit most from coaching and support. I LOVE helping this group.
3️⃣ The Excuse-Makers – No matter how much you try to help, they won’t change. They say they want to get better, but every suggestion is met with resistance: “It’s too hard,” “I can’t live without bread,” “I don’t have time.” They keep searching for an easier way instead of just doing what works. And unfortunately, they stay stuck.
The truth is, healing requires change. Some embrace it, some need help, and some just make excuses. Which one are you?
GLP-1 is such a hot topic, and rightly so. Evidence from decades ago shows that some people experience almost no GLP-1 response to carbohydrates. If you think you're one of these people, you may appreciate this discussion of natural ways to boost your own GLP-1 production: https://t.co/KqhJcCqEIi
The Day America’s Honor Crumbled in the Oval Office
Ladies and gentlemen, let us confront a moment so disgraceful it will stain the pages of American history for generations—a moment when the Oval Office, that hallowed ground of leadership, was reduced to a cheap stage for two men to bully a wartime leader while the world watched in horror. I’m talking about Donald Trump and JD Vance, who, in a display of breathtaking callousness, turned their claws on Volodymyr Zelenskyy, a man fighting tooth and nail to save his people from annihilation. This wasn’t just an argument; it was a public shaming, a shameful spectacle that will linger as a black mark on this nation’s soul for ages to come.
Imagine it: Zelenskyy, standing there, representing a nation under siege, pleading not for handouts but for the tools to hold back a tyrant’s wrath. And what do Trump and Vance do? They sneer, they mock, they demand gratitude like playground thugs tallying up IOUs. Trump, with his bloated ego and that grating bark, wagging his finger as if Ukraine’s survival is some favor he’s doling out between golf swings. Vance, the spineless sidekick, nodding along, too eager to prove he’s tough while he hides behind his master’s coattails. This isn’t leadership—it’s a disgraceful tantrum, and I’m ashamed to call it American.
But it’s worse than that. This isn’t just about optics or hurt feelings—it’s a gift to our enemies. Trump and Vance are playing right into the hands of Putin, Xi, and Kim Jong Un, grinning despots who must be cackling at the sight of America’s resolve crumbling live on air. Why? Because it’s profitable. Because their cronies—these slimy millionaires who’d sell their mothers for a tax break—are licking their lips at the millions they’ll pocket from the fallout. Deals with dictators, chaos for cash—Trump and Vance don’t care who gets screwed as long as their buddies get rich. “Fuck anyone in their way,” that’s their motto, and they’re trampling Zelenskyy, Ukraine, and every shred of decency we once stood for to prove it.
This is a shame that will outlast us all. History will remember this not as a petty spat, but as the day America’s honor took a dive—when two small men sold out a great cause for the pettiest of gains. Zelenskyy fights for freedom; Trump and Vance fight for their egos and their wallets. We should be outraged. We should be ashamed. And we should never forget.