Tags » Mmt

Budget deficits are neither good nor bad

This is going to be a re-blog of a re-blog, which is a bit lazy of me, but I’m repeating it again because I think it’s rather pertinent at the moment, what with the talk about long term economic plans to generate budget surpluses and spending cuts and tax hikes supposedly totalling £50bn on the way. 704 more words

Economics

Why the federal budget is not like a household budge - The Conversation

By Warwick Smith, University of Melbourne

Treasurer Joe Hockey is experiencing difficult times. Deteriorating terms of trade and an uncooperative senate mean that he cannot deliver the surplus when he said he would and he cannot continue to cut government expenditure without risking a recession. 1,004 more words

Economic Theory

How to Balance the Government Budget. The MMT way! (Part 2)

To fix the UK economy requires that aggregate demand be increased. Nearly all politicians understand that. Except, the favoured way, and some might say the only way, for those on the right of the political spectrum is to create a credit bubble to encourage more private spending through more private borrowing. 1,124 more words

MMT General

Myths are slowly being debunked. Slowly…

A few institutions have recently raised voices to try to debunk some of the banking legends that had appeared and became conventional knowledge as a result of the crisis. 601 more words

The Year of the 100

A few scenes from my 100 mile runs this year…winter TWOT (a DNF, 3 loops, 81 miles), MMT, Vermont and Grindstone. What a wonderful year of running and friends. 94 more words