VoxEU offers academica macroeconomic analyses that are a bit more nuanced than the bleating in the MSM. But often this nuance is not very impressive. Currently, there’s write-up of a paper online, titled… 331 more words
Tags » Mmt
Muddled Thinking Watch #5: "Increase taxes to balance the budget, the revenue well is not dry" Greg Jericho. The Guardian.
“With government expenditure set to jump, we need to think about how to pay for it”
It’s not always the neo-liberals who get it wrong. 340 more words
Muddled Thinking watch #4: "British economy too reliant on people spending money" Christine Lagarde IMF!
I don’t know where to start! All economies are about “people spending money”! ‘People’ only get money in the first place when someone else spends it on their wages or salary, buys something off them or it’s transferred as a gift. 262 more words
There has been some ill-informed discussion in the media on how a possibly independent Scotland should take responsibility for its share of the UK National debt. 308 more words
The French seem to be in trouble again over their 4.5% budget deficit.
Unemployment is 11% and rising in France. Unemployment among their under 25 year olds is 25%, so why is the EU fussing about its budget deficit? 334 more words
An interesting experiment is take out a bank note from your wallet or purse and ask your friends and family , “Why does this piece of paper have value?” You’ll get a range of answers. 890 more words