Tags » Mmt

What is Europe to do? Fiddle, fiddle and faddle

The EU could break up and desert the Euro. That’s one idea that’s been floated a lot. Spain exit (Spexit), Greece exit (Grexit), or a north-south split that would create a united Spain, Portugal, Italy, Greece, (and a few others) into a south Euro (Seuro) union, with Italy leading, and leave the rest of the EU as the core are floating on the winds of bloviators. 771 more words


The Eurozone EU Game - Oh, no! Oh, my! Oh, fiddle.

Europe is stuck and has to do something. Loosening money is obvious, and generating the usual chorus of “what’s wrong with deflation” from the unwashed masses. 407 more words


MMT - Economics for the Political Right?

MMT is becoming to be generally well regarded on the political left. Part of that acceptance is due to MMT’s insistence that unemployment isn’t an insoluble problem and that deficits don’t matter, or at least not in the way  the neoliberals claim they do. 579 more words

MMT General

"What motivates people and leads them to high endeavor is not fear but hope"

I really like this blog from today by Bill Mitchell about what he calls the ‘unemployment industry’ and what we would call welfare to work. Talking about Australia, he says this industry’s productivity is practically zero. 669 more words


Like Doctors, our Drivers too matter and Deserve Better

I have just read the harrowing story of Dr. Stella Adedevoh who died of the Ebola virus at an isolated unit in Lagos. Her death brings to the fore the recent calls by sections of doctors in Ghana for insurance packages to compensate for the potential risk associated with the resuscitation of Ebola victims. 1,276 more words

Taxing consumers reduces growth - still!

So, the Japanese prime minister Abe proposed a bastard-Keynesian program for getting Japan out of its stagflation, nick-named Abenomics. But because he still effectively thinks neo-liberally, the program included a… 208 more words

Economic Policy

"The beauty of public employment schemes"

More great blogging from Bill Mitchell today over at Billy blog. Bill somehow manages to produce 2,000+ words of daily economic analysis, and I often reblog parts of his posts for those without the time to read the whole thing. 530 more words